This year Blockbid has managed to be a part of an Australian cryptocurrency exchange. Along with Block bid, the Australian exchange has registered two other companies which are approved by Australian Transaction Reports and Analysis Centre (Austrac).
Now the question is what makes it different from the other cryptocurrency companies? The thought behind this initiative is very unique. The motive is to provide insurance to its users against strong cyber attacks. Quoting Mr David Sapper, “Since it’s inception Blockbid has always wanted to put customers security and peace of mind at the forefront of building a one-for-all platform, allowing our users to trade with confidence”.
Not only this, Blockbid has plans to let the users trade with seven more Fiat currencies which will be live after six to twelve months. For the time being, their beta phase shall only allow a significant number of users to checkout their business environment. Also real currency will be used only after the developers and testers think that the platform is good to go. The beta phase will come live on the 16th of March.
Mr Sapper phrases,” As a registered digital currency exchange in Australia we are looking forward to opening up our doors worldwide to all traders and investors who want to use a platform that is legitimate and provides asset insurance as well.”
After the beta phase is complete all users can explore the platform. The cherry on the cake lies in the fact that 5 cryptocurrencies and 4 Fiat currencies shall be used in this phase with lot more surprises kept in stock for the users.
Mr Sapper being enthusiastic about this new venture, concludes, “This is a big step not only for the Australian cryptocurrency space but also for our company as it means that our vision to allow you to trade with confidence has been acknowledged by the Australian government under AML/CTF guidelines”.