DIY Bitcoin Exchange

Note from the CEO: Not yet, but maybe someday soon everybody will have a bitcoin exchange in their basement or spare room. Actually this is a great article (for me) since we at FintekNews have considered this ‘home improvement’ task. Just have to move the printing press we have been using for the paper money. Just kidding FBI.

Even though the name bitcoin (digital currencies) have a much wider recognition with the general public now then the last several years, it is still touching a narrow segment of the population. Of course actually using the digital currency would increase visibility and its adaption but  human nature does not always embrace change in a rapid manor. So, would more bitcoin exchanges help overcome resistance to change? The article makes a case for ‘yes’ and even how to build an exchange.

“Bitcoin exchanges play a vital role in promoting the cryptocurrency by facilitating its use. Most bitcoin users perform their transactions through an exchange. However, bitcoin is not yet mainstream. So far, only a narrow segment of the population, mainly innovators, technology enthusiasts, and visionaries, have adopted bitcoin. Expanding the number of exchanges would help overcome resistance to the cryptocurrency’s adoption by increasing its visibility…..

If you have an entrepreneurial mindset and wish to join a massive technological revolution, you can build your own local Bitcoin exchange. You can build one even if you are not too technically savvy and have limited capital to invest in software and infrastructure.

Software packages are entering the market to help you set up your Bitcoin trading platform. For example, BTCTrader offers a fully branded, customized, and managed white-label service that offers you the ability to ‘start your local bitcoin exchange in 45 days.'”

Source: Bitcoin.com

 

 

 

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