SAN FRANCISCO, Oct. 17, 2018 /PRNewswire-PRWeb/ -- The inflation in the number of cryptocurrencies from just one (Bitcoin) a few years ago, to over 1,658 today has consequently lead to the creation of a multitude of cryptocurrency exchanges. Unfortunately, most of these platforms are trained on profiting from the ever increasing market size, and forego the necessary step of vetting the digital assets, listing them on the exchanges against a fee.
PayBito stands out in this regard by providing a platform to list crypto assets based on merit and actual potential, unlike the majority of its peers. This cryptocurrency exchange operated by California based blockchain company, HashCash, has been instrumental in providing an authentic opportunity to enterprises with tokenized services to trade on a global exchange, alongside other thoroughly vetted cryptocurrencies.
The multi-signature cryptocurrency trading platform operating globally has recently rolled out SegWit, and employs features seen in security protocols of leading banks to protect its users from hacks. PayBito is designed and managed by a team with extensive experience in banking security systems, cryptocurrency trading and blockchain technology. Rigorous KYC and AML checks are conducted by regulators before tokens can be purchased on the platform.
Additionally, HashCash has also become a leading provider of white label cryptocurrency exchange, the success of the product line expressly owing to replicating PayBito's structure.
Keeping in mind the fact that institutions new to cryptocurrency are often apprehensive about how to induct themselves into the world of currency trade, PayBito makes it extremely easy to understand interface, and is also available in iOS and Android stores. Additionally, PayBito is offered as a White Label Cryptocurrency exchange product to companies interested in using the software to run their own exchange.
In an ocean of new altcoins, it is a challenge to differentiate those that are significant and legitimate from those that are not. The method using which cryptocurrencies are created, known as "open source", makes it surprisingly easy for anyone to create their own cryptocurrency -- and in many cases, everyday people have done just that.
The total cryptocurrency market capitalization is just under $369 billion as of this writing, which implies that the average cryptocurrency is worth about $222 million. However, this statistic is extremely misleading - it's only the top 20 cryptocurrencies that account for 89% of the total market.
A PayBito representative said to the media, "It is interesting to observe how awareness of Cryptocurrency have spread to every corner of the globe. A large section of our customer registrations are happening from African subcontinent, from East European countries and South America."
About HashCash Consultants:
HashCash Consultants started as a Blockchain Consulting Company in California in 2015. Today, HashCash products enable enterprises to move assets and settle payments across borders in real-time using Blockchain Technology. Banks, Corporate Houses, Domestic Payment Networks, FinTech Companies, and Currency Exchanges use the HC Network for Retail Remittances, Corporate Payments, Trade Finance, and Payment Processing. HashCash is increasing its foothold across many nations, and continues to serve a lengthening list of clients.
SOURCE PayBito
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