Business

Derek Tonin

Cryptofacil’s new exchange debuts with Bitcoin SV

A new cryptocurrency exchange has launched, and in a key move, have listed Bitcoin SV (BSV) at launch. Cryptofacil provides customers in Latin America and the Caribbean a reliable, fast and secure platform to trade cryptocurrencies, and has four BSV pairs on offer.

CoinGeek.com reached out to Cryptofacil to ask them why they felt it important to have BSV as one of their starting cryptocurrencies. BSV’s community adoption played a key role. “BSV is a top 15 token as far as market cap and has a large community that supports its vision and technology,” they said.

Their exchange is partnered with Bittrex, the cutting-edge digital asset trading platform, and that played a role in the decision too. They told us, “We are a Bittrex partner and work very closely with their Digital Assets team.  We saw the trading volumes of the different BSV pairs and wanted to allow our users to also be able to trade them.”

A third key factor to their early BSV adoption is the attractive, low transaction costs the crypto offers. That benefit makes it very well suited as the world’s new money, but specifically good for Cryptofacil’s target market. “We are based in Latin America where micro transaction are done in a daily basis and also where a large % of the population is unbanked,” they commented. “We believe that in the future society the economy will need digital tokens with low transaction fees.”

At launch, BSV is offered as a trading pair for Bitcoin Core (BTC), Ethereum (ETH), U.S. dollar (USD) and Tether (USDT). Those four pairs offer Cryptofacil customers several easy ways to top up on and start using BSV for their daily spending. The sites’ markets page lists their other offerings as well.

Customers looking to sign up and get started can also take advantage of a special launch promotion, with free trades offered until April 30, 2019.

Unlike many altcoins that hit the market, BSV is proving that it has the respect and demand in the crypto world to be listed at launch with new exchanges. As more businesses develop for it, and end users find more reasons and ways to spend BSV on a daily basis, it will approach the critical mass its destined for to be the only digital currency we need for the world’s future economy.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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