Even though I have been involved in the cryptocurrency world since 2011, and started getting interested in altcoins 2 years ago, I’m still baffled by the lack of altcoin-related articles on the internet. More specifically, the lack of articles about URO, as no one seems to be willing to talk about this coin. Well, we do, and we have some interesting news.
Some of us already knew we would see a platform to exchange Uro & Bitcoin to fiat currencies down the line. What we didn’t know was when it would be released. Apparently we are less than a month away from UROEX being launched.
“Oh no, not another exchange!” I can hear you think. While there is some merit to that though, UROEX is not just any ordinary exchange. The main idea behind UROEX is to allow the conversion of URO and/or BTC to fiat currency in under-banked nations worldwide.
If you are capable of putting two and two together, you will realize that, despite we have lots of things to complain about when banks are concerned, we are very accustomed to using their services. Unfortunately, not everyone in the world has access to a bank account. Some people can’t even open a bank account even if they wanted to.
It is exactly these markets which could be the “breeding grounds” for Bitcoin and altcoins. But without an easy way to convert your local currency to cryptocurrency, the process becomes a lot harder. This is where exchanges like UROEX can make a big difference.
Even though we don’t have all the specific details about UROEX yet, we can tell you this : Cambodia is the first launch market, with more markets to be added over time. We will keep an eye out for further details though.
Official announcement : https://twitter.com/UroFoundation/status/504992237051060224
We are thinking about doing another “questions from the URO community” interview with Bohan Huang, in regards to URO and UROEX. If you think this would be a good idea, feel free to leave a comment below .