MonetaGo Bitcoin Exchange Services Available in 40 Countries
In its plan to become a global bitcoin exchange, MonetaGo launched its services in 40 countries this month. The company offers bitcoin buying and selling against 28 currencies and even has a special feature that allows its users to peg bitcoin prices at various exchange rates. "Digital currency is supposed to be this global phenomenon that is going to enable the seamless transmission of funds across borders, but the reality of it is that 90-something percent of all bitcoin trading happens in three currencies only," said MonetaGo CEO Jesse Chenard. Global Bitcoin Exchange Services. Chenard....
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MonetaGo, a new exchange with ambitions to take bitcoin "global", launched across 40 countries today. First announced in April, the platform offers bitcoin buying and selling in 28 local currencies. As a twist, MonetaGo users can also 'fix' or 'peg' their bitcoin to these various exchange rates. Speaking to CoinDesk, serial entrepreneur Jesse Chenard, MonetaGo's CEO, said: "Digital currency is supposed to be this global phenomenon that is going to enable the seamless transmission of funds across borders, but the reality of it is that 90-something percent of all bitcoin trading happens in....
Named after an ancient Roman Goddess, MonetaGo is looking to provide liquidity to Bitcoin exchanges in 35 countries around the world, with the goal to expand to 50 by the end of the year. "We want to be the umbrella to the other exchanges," Margaux Avedisian, co-founder and business development officer, told Bitcoin Magazineat Inside Bitcoins New York. Whereas other exchanges launch in one country and look to sign up consumer traders, MonetaGo aims to connect all of these exchanges together to increase liquidity for them all. Further, MonetaGo allows trades to be settled in multiple....
MonetaGo, one of the US-based Bitcoin exchanges, has announced they will be shutting down for good. The company tweeted that regulation was a key hurdle it could not overcome. UPDATE: MonetaGo confirmed they will only shut down the exchange part of the business. As most Bitcoin enthusiasts are well aware of, running a financial company in the US requires....
UPDATE (10th August 10:16 BST): Since the publication of this article, bitcoin exchanges Kraken and Bitfinex have also confirmed they will not apply for a BitLicense to operate in New York. Bitcoin businesses wanting to continue serving New York residents have approximately 24 hours left to file their BitLicense application. The deadline, set for 8th August, marks the end of a 45-day grace period following the publication of the BitLicense in the New York State register. Formulated by the New York State Department of Financial Services (NYDFS), the long-awaited regulatory framework has....
The Reserve Bank of India has successfully tested blockchain technology for trade application. The evaluation was carried out in partnership with MonetaGo, domestic banks and other financial institutions. The Indian central bank recently tested Bitcoin’s underlying blockchain technology. The Reserve Bank of India’s research arm is said to be involved in its first ever end-to-end test of the technology along with other stakeholders of the country’s financial system. Institute for Development and Research in Banking Technology (IDRBT), the Reserve Bank’s research arm has worked closely with....