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Bitcoin set for July Kenyan launch

by: Category: Banking & Finance, East Africa, Economy & Politics, Featured, In Focus A+ / A-

Trade Coin Club has announced plans to launch bitcoin exchanges to capitalize on the growing demand for the cryptocurrency.

The Trade Coin Club East African representative Mr Michael Kimarong said that the planned launch next month in Kenya will revolutionize financial sector in the country with the introduction of digital currencies.

“Banks around the world have been getting training around automatic trading of digital currencies technology for some time to better understand how it works and how they might use it,” said Kimarong urging Kenyans to embrace digital currency.

The model is being preferred in most countries today due to its Decentralized Valuations whose rates are free from geopolitical influence as well from macroeconomic issues like country-specific inflation or interest rates, lack of transaction costs which improves trade profits.

Low Deposit Amounts as low as as $25 with some bitcoin forex trading firms, Low Cost of Trading, with most forex digital currency traders that accept cryptocurrency are keeping brokerage costs very low to attract the new bitcoin -trading clients.

Also preferred is Security model that comes with bitcoin, whose transactions, don’t need a bank account or credit card details for deposits or withdrawals especially when dealing with foreign digital currency traders.

Bitcoin transactions have eliminated global boundaries. Regulatory challenges may remain a concern, but if both traders in UK and Africa for instance and digital currency traders are willing to transact, then all geographical boundaries are eliminated.

 

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