Exchanges, Featured

Cryptocurrency Exchange CoinsBit Will Act As Gateway For POS-terminals

CoinsBit is a multi cryptocurrency exchange who will act as a POS-terminals gateway. It has integrated with 200,000 Point of Sale (POS)-terminals. If tokens are listed on both the exchange and the POS-terminals, then customers can purchase tokens through the terminals.

The CEO of CoinsBit Nikolay Udianskiy said that they had worked as a development team earlier and developed numbers of projects. He also said that they had learned how to build exchanges for others. They had taken the decision to conquer the cryptocurrency market through something unique development. They wished ordinary users and skilled traders could access this market.

The cryptocurrency exchange CoinsBit wants to integrate new features like lending between users, supporting the processing speed of almost 10,000 transactions per second (TPS) and 1,000,000 Transmission Control Protocol (TCP) connections along with the POS-terminals integration.

He believed that the interaction between the fiat world and the global crypto community is important and therefore they implement the POS technology. His prognosis on Bitcoin is that the growth of the Bitcoin market will start from the next year, but its price will fluctuate from 3300 USD to 4900 USD in 2019.

It is stated that decentralized crypto exchanges are not controlled by people and therefore customers can trade cryptocurrencies without intermediaries involved. P2P exchanges help the customers to trade with each other directly. These exchanges are cheap and provide high resistance to transactions censorship. They are looking in a very positive manner and understanding the needs of the crypto community.

They had started building the cryptocurrency exchange from the beginning of 2017 and finished it in 2018 during summer. Customers can purchase digital coins for fiat currencies in the exchange without the involvement of intermediaries. The exchange wants to add more digital coins, AMBCrypto reported.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Shabnam Dhar is a Copy Editor for OWLT Market.

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