BUY Your crypto bank is the first officially operating service for individuals in Ukraine. Despite the lack of a legal framework and bills on the legalization of the cryptocurrency industry that have not yet been adopted, the Ukrainian startup found an opportunity to work in accordance with the current legislation of the country.
Acceptance and issuance of payments by non-bank financial institutions is possible only in national currency, therefore the exchange service offers clients trading transactions with Bitcoin for hryvnia. In fact, the service itself does not sell the crypto asset, but acts as an intermediary between the parties to the exchange. The service helps you find a pair for exchange transactions and acts as a guarantor of fulfillment of the terms of the transaction. In addition, here you can get advice on the cryptocurrency market. For almost 3 months of operation, the service has carried out more than 300 transactions, and the average exchange amount is about 40 thousand UAH.
The operation to exchange cryptocurrency takes only a few minutes and can be carried out independently, on installed tablets, or by contacting managers for advice, both in the branch itself and through any messenger. All transactions are carried out through the cash desk of the financial company and registered with the tax service. Despite this, the service guarantees users complete anonymity and security. To make a cryptocurrency transaction, the client provides only a mobile phone number.
The use of the word “bank” in the name of the startup is not accidental. The team plans to expand its activities by adding new financial instruments for users. By the end of the month, an online cryptocurrency exchange using a bank card will begin operating on the official website of the project.
According to the most conservative data, The Ukrainian virtual currency market is estimated today at UAH 98.7 billion or $3.5 billion. It is not surprising that the free niche of the developing market is beginning to will be filled with services for potential crypto investors.
At the end of August, at the Bessarabian market in Kyiv, the Paytomat payment system offered to buy vegetables and fruits for cryptocurrency. One of the outlets launched a test service codenamed “Granny”. Paytomat has been actively introducing Bitcoin payments in all areas of life over the past year.
You May Also Like
Zebpay exits India
On September 28, Bitcoin company Zebpay officially closed its cryptocurrency exchange in India. This decision was made due to the inability to obtain banking services from commercial banks and financial institutions that are subject to the central bank's ban.
It is possible that Bitstamp will be sold to a South Korean gaming company for $350 million
Citing three sources familiar with the situation, Business Insider reports that the deal to acquire Bitstamp, the oldest surviving Bitcoin exchange, is already in its final stages. The new owner of the site will be the South Korean gaming company Nexon, whose headquarters are now located in Japan.
