Press Release: EU-licensed cryptocurrency exchange Bitvalex aims to be a one-stop-shop solution
Financial revolution 2.0: Crypto trading and global banking under one roof is a reality with Bitvalex
Tallinn, Estonia, June 3, 2019 - Estonia-licensed company Global Xchange OÜ has launched Bitvalex, an innovative digital asset exchange platform with both fiat and crypto wallets designed to provide its users with a one-stop-shop cryptocurrency solution and a true banking alternative.
Bitvalex supports Bitcoin, Ethereum, Litecoin, and Bitcoin Cash crypto-to-crypto and crypto-to-fiat trading pairs and is working to add more. The company has established strong partnerships with custodians, banks and payment processors and boasts an extensive list of EUR and USD deposit and withdrawal options. Apart from SEPA and WIRE bank transfers, the platform not only accepts payments with credit and debit cards, but it is also able to make payouts, immediately topping up the users' available card balance or paying down their credit card debt.
The team behind the project has a strong track record acquired thanks to multiple highly secure and scalable conventional payment processing systems built over the last 15 years. Since 2015, the team has been part of the crypto space through its mining activities as well as the development and management of a cryptocurrency exchange platform, which is active in the Eastern European market.
Company CEO Nikifor Iliev says: "Thanks to our combined experience, we really managed to create an extremely user-friendly and responsive platform that meets the highest security and compliance standards."
A one-stop-shop cryptocurrency solution
The platform does not stop with the exchange functionality but aims to provide solutions for the various building blocks of the crypto ecosystem. They are developing services for the retail users, the Initial Coin Offerings (ICOs), the merchants as well as the institutional and high-net-worth investors "with the goal to bring the blockchain technology one step closer to mainstream recognition", as the CEO has explained.
The company helps blockchain projects, which experience continuous troubles with the banks, to convert their crypto funds and to pay their employees, vendors, affiliates and other providers in fiat money. Bitvalex is already processing the payments of a few of the top 100 crypto companies in all major currencies such us EUR, USD, GBP and CHF.
The Bitvalex team is also developing a cryptocurrency payment gateway, which is expected to launch in a few weeks. It will allow online merchants to accept Bitcoin, Ethereum, Bitcoin Cash, Litecoin and other cryptocurrencies in exchange for their goods and services by simply embedding a payment widget at their checkout page. The gateway will have automatic crypto-to-fiat conversion function, so that merchants are protected from any adverse price movement and will make direct fiat payouts to merchants' bank accounts. Initially EUR and USD will be supported but adding other local currencies is in the pipeline.
The institutional and high-net-worth individual (HNWI) segment of the cryptocurrency market is also on the radar of the Estonian start-up, which has therefore set up a designated over-the-counter (OTC) Trading Desk. It offers reliable round-the-clock service to buy and sell cryptocurrencies off-market in large block trades with a minimum of 100,000 USD. The OTC package includes highly competitive locked-in exchange rates, small transaction fees, and, most of all, no slippage.
Last but certainly not least, Bitvalex is launching a prepaid card that is promising to make bank accounts obsolete. The card will be directly linked to the users' platform account balance, allowing them to spend their crypto on both offline and online purchases as well as to withdraw cash at any ATM anywhere in the world, as if they were using a normal Visa or MasterCard. The company has already signed an agreement with an EU-regulated financial institution and will start issuing the cards in the next 4-6 weeks.
Bitvalex' growth plans are quite ambitious and their sight is turned to a true global expansion. In the upcoming months, the company is about to kick off localized versions of the platform in the Middle East, South East Asia and Latin America. Stay tuned for more information on the company website https://bitvalex.com.
Global Xchange OÜ
Pärnu mnt 158/2-88,
Tallinn 11317, Estonia
Bitvalex is an innovative digital asset exchange platform with integrated fiat and crypto wallets designed to provide its users with a true banking alternative. The platform supports Bitcoin, Ethereum, Litecoin, and Bitcoin Cash as well as EUR and USD. It also features the most comprehensive list of services among its peers: an integrated fiat payment gateway, crypto payroll processing, pre-paid debit card, OTC trading desk, and merchant processing, bringing the blockchain technology one step closer to mainstream recognition.