Bitvalex enters the GCC market with its new platform
After the successful launch in the European market, Bitvalex is setting its foot on the Arabian Peninsula with Bitvalex.ae. The Estonian-regulated company makes the ambitious promise to be the GCC’s most user-friendly, affordable, and secure crypto wallet and exchange platform.
Bitvalex supports Bitcoin, Ethereum, Litecoin, and Bitcoin Cash on the digital asset side and AED, EUR, and USD on the fiat one with over 15 crypto-to-crypto and crypto-to-fiat pairs. With the help of a Dubai-based bank, the platform offers a simple way for the people in the region to buy, sell, store, and use the most popular cryptocurrencies, bringing blockchain technology one step closer to mass adoption.
By providing multiple services, all supported by traditional currencies, Bitvalex solves the accessibility and usability problems that crypto users are facing. In addition to the digital wallet and user-friendly exchange, the scale-up offers an over-the-counter trading desk for large block trades over 100,000 USD or 350,000 AED and a crypto-to-fiat payroll service specially designed for ICOs, IEOs, and other digital token projects.
The team behind the digital asset platform is also working hard on adding more services that could bridge the current gap between traditional banking and blockchain. As Gary Guerassimov, one of the co-founders, explains:
“We are already launching a prepaid card for the European market and are looking for partners in the UAE to do the same for the GCC. This could revolutionize the way people use cryptocurrencies in the region!”
With a prepaid card, users can spend their crypto holdings online and offline in the same way they do traditional currencies and can withdraw cash at any ATM anywhere in the world without the necessity of a bank account.
With all services being extremely easy to use and with every step of the journey delivering extraordinary value, Bitvalex creates a great user experience and is moving steadily towards becoming a true banking alternative.