In the world of Bitcoin and digital currency, convenience plays a key role for a majority of the userbase. Buying Bitcoin in a convenient manner remains a challenge for most novice users, as they would prefer to use traditional payment methods such as PayPal and credit cards. Coinizy, on the other hand, is doing something different by launching the world’s first Bitcoin to PayPal exchange.
At this time, there are two camps in the world of Bitcoin exchange platforms. On the one hand, there are the traditional Bitcoin exchanges, where users deposit funds and withdraw it through the exchange’s accounts. On the other hand, there are decentralized peer-to-peer exchanges that are slowly but surely gaining more popularity.
Coinffeine Launches in 70 Countries
When a new Bitcoin exchange launches, there is usually the question of whether or not it will be available outside of the continents of Europe, the US and Asia. And in most cases, the answer to that question is no, due to regulatory and legislative requirements that need to be taken into account in most parts of the world.
More and more partnerships are being formed in the Bitcoin and digital currency space, and now EgoPay has been added as a payment method to Huobi Holding Companies’ BitYes. This partnership is another notch in the belt for Bitcoin adoption and accessibility.
For those of you who have not heard of EgoPay yet, allow me to tell you a bit more about this company. EgoPay is a global payment processor which allows for easy transfer of funds to friend or family, fund Forex or cryptocurrency account , shop online and lots and lots more.
We met Mr. Ximo Guanter Gonzalbez at Coinsummit in London. He was one of the companies featured in the startup showcase. He had only 7 minutes to explain everything, which isn’t that much time. We did talk to him afterwards and as such we asked him if he had time to do an interview. So here it is.
Serge: Can you tell us about Coinffeine?
Ximo: Coinffeine is a next-generation bitcoin exchange, where we use the properties of the bitcoin protocol and we reuse existing payment processors to provide an enhanced security model. This lets us remove any single point of failures or trusted third parties, and move towards a purely distributed, P2P bitcoin exchange.