2019 will be witnessing a digital revolution with crypto exchanges offering new possibilities for investors, entrepreneurs, startups to invest in innovative crypto businesses.
The London founded cryptocurrency exchange and also a wallet operator, Luno has decided to open its headquarters in Kuala Lumpur in early 2019. The company will invest RM25mil and create about 100 high skilled jobs. It aims to be an education hub, training center and support provider to customers in Southeast Asia, Africa and Europe. The regulatory setup by the Malaysian Government has provided a framework to approve, monitor digital exchanges in coins and tokens. The company has registered as mandatory by Bank Negara Malaysia as a reporting institution to fulfill central bank’s policy for Digital Currencies on Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT).
Cryptocurrency exchange business allows individuals to trade or sell their cryptocurrency for fiat currency in USD, EUR, AUD and INR. Purchasing a readymade script and making the investment in securing the exchange would get you going. Companies as “BitExchange” have built readymade projects for new businesses in 2019 allowing complete access to the Source code to help them save time.
A cross-border blockchain payment app using Stellar Lumen’s token XLM eliminates the middlemen as banks and exchange agencies from transaction process who cost at every step. The payment made from one country will be converted to XLM tokens and be transferred in fiat amount to recipient’s bank account in his currency. At a fraction of the cost for transactions, this business is bound to boom, as reported by AMBCrypto.
Bitcoin Wallet service platform that to securely store other people’s cryptocurrencies, where they may send and receive and integrate with other businesses will help make payments. Charging fees at every transaction would be lucrative.
Helping aspirants to gain public investors through crowdfunding for their path-breaking ideas on a platform where the public may see the idea and contribute a small amount around $5. When backed by large numbers, the amount usually exceeds expectations, as reported on The Star.
So go ahead and cash in on the business of crypto exchanges and wallets as operators like Luno, and hopefully, 2019 will be as fortunate for you
The post Crypto Exchanges And Wallets Set To Boom Business In 2019 appeared first on OWLT Market.
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