US Bitcoin Firm BlinkTrade Launches West African Exchange

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Written by Kevin Mwanza

From Leap Rate

US Bitcoin technology provider Blink Trade is preparing to launch its second exchange, this time to serve West African clients following last week’s on boarding of an exchange in Venezuela.

American Bitcoin technology, platform and exchange providers have risen to prominence very rapidly, with new infrastructure being set in place continually, backed by not only seasoned venture capital investors, but also governmental regulators with a view to making virtual currency a mainstay in North American financial technology.

The total contrast to last year, which curtailed investor confidence due to lack of security, the demise of various exchanges and marketplaces whether at the hands of the government or mismanagement leading to the unsecured loss of substantial amounts of client money, has been turned around almost full circle.

The latest development within America’s increasingly highly sophisticated virtual currency ecosystem is the will for companies to export their technology to new and emerging markets, as in the case of New York-based technology platform BlinkTrade.

Blink Trade considers itself to be the first decentralized Bitcoin exchange, and is preparing to launch an exchange in West Africa, under the name of UbuntuBitX, which follows closely on the heels of the company’s introduction of a Bitcoin exchange in Venezuela one week ago, operating under the SurBitcoin designation.

In terms of functionality, BlinkTrade provides a technology solution which, rather similarly to some of the end-to-end technology provisioning firms in the retail FX industry, provides a keenly priced method for an independent Bitcoin exchange to start its operations and removes the need for in-house developers and support staff.

Turnkey solutions such as this can be used to establish similar exchanges in different regions, with, in this case, Blink Trade providing access to Bitcoin liquidity in regions in which virtual currency trading is not widespread.

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