The latest news regarding cryptocurrencies comes from Japan. On Wednesday, 12th of December, Bitpoint issued a statement about the launch of a trading platform for crypto-to-fiat money. The US dollar will be paired with the most known cryptocurrencies like Bitcoin Core, Bitcoin Cash, Litecoin, Ripple or Ethereum in this exchange compliant with the regulations.
Bitpoin is a licensed Japanese exchange operator of cryptocurrency with its main office in Tokyo. Besides Japan, it has trading platforms in five other countries from Asia and they have just announced the expansion in Panama. It is an important international opening that shows the success of the company.
The president of Bitpoint Japan, Genki Oda, stated:
“We are proud to announce our market entry in Panama — The formalization of the crypto asset trading sector together with local authorities is a key milestone for its sustainable development”.
The company will use Panama ACH bank wires for the users that have been checked for the withdrawals and the deposits of fiat. In the same time, they declared that the companies and also the citizens from the region of Panama will be able to use the exchange (trading BTC, ETH, BCH, XRP and LTC against the USD).
“In Panama, we will employ our knowledge and standards to the satisfaction and tranquility of the local banking industry whom we regard as our partners.” declared the senior executive of Bitpoint.
Even though Bitpoint is a regulated Japanese entity and it is declared on their official website that they operate by the same standards as in Japan, cryptocurrencies are still not fully regulated in Panama. The spokespersons of Bitpoint assure future users of this trading facility that they will use anti-hacking systems and multi-signature correspondence in order to prevent possible real-time hacks.
In the era of globalization, where everything is fast and everybody wants to have a more versatile life, the trading between currencies and cryptocurrencies has become more and more desired. That’s why businesses like e-commerce, food, online casinos and many others now accept payments made with these currencies and everyone is loving it.