On Nov. 4, a Norwegian startup announced the launch of a new peer-to-peer marketplace called Bitruption. Similar to Localbitcoins, the Bitruption exchange plans to offer a format under which users around the world will be able to advertise, buy and sell digital currencies for local fiat.
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The trading platform is a peer-to-peer exchange that was recently announced by Ole André Knutli, the company’s project manager. According to Knutli, the Oslo-based team soon plans to launch a trading platform that will allow traders to form their own micro-exchanges on a local level, much like Localbitcoins. However, in contrast to Localbitcoins, Bitruption will allow users to trade multiple cryptocurrencies. Initially, the platform will only support bitcoin cash (BCH) and bitcoin core (BTC), alongside bank transfers.
“We will build support for more digital currencies and add more payment options, but this is further down the line,” Knutli .
The company is trying to distinguish itself from traditional exchanges. “Bitruption preserves the freedom and flexibility of a peer-to-peer format. Our goal is to provide people with more choices to trade digital currencies in a safe and user-friendly environment,” the company said on its website. “We will provide the digital infrastructure and let the users establish markets to trade how they see fit.”
KYC/AML System
Bitruption added that there’s a new in Norway that requires them to register with the authorities. The company is currently in the process of registering itself with the Norwegian Financial Supervisory Authority, as it believes that building long-term trust is a far better approach than allowing fraud on the marketplace. The team will therefore implement a KYC/AML system in order to eliminate illegal activities. Bitruption will initially launch for Norwegian users and then expand internationally after scaling the marketplace.
At the moment there are not many exchanges that operate in a peer-to-peer fashion, other than a few like Bitquick, Localbitcoins and . Knutli said that it is “vital that we build more bridges” and Bitruption is focused on doing just that.
The company will discuss the project at the Cryptofinance conference in Oslo on Nov. 17. It will also speak at the Coingeek conference in London on Nov. 28–30.
What do you think about the peer-to-peer trading platform Bitruption? Let us know in the comments section below.
Images via Pixabay, and Bitruption.
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Having successfully released the world’s first blockchain company-powered game on Steam, Eximus, , a decentralized gaming giant, has made its next step forward, announcing a monumental partnership with , a Latin American video game publisher. The collaboration not only stamps TriForce Tokens’ intention to unify gaming on the blockchain, but also represents itself a testament to the platform’s acceptance even before the official end of the token sale.
The majority of startups usually have to wait a few months after their token sale is fully completed, and only then announce new projects, especially such serious partnerships. TriForce Tokens is different. While its token sale is set to end on 11th November 2018, the company can already boast the successful releases of several games, as well as a few strategic collaborations with major players from around the world.
As the second largest gaming sector in the world, Mexico led Latin America in recording one of the highest returns of 2017, accounting for $1,400,000,000 out of the $4,100,000,000 realised. The market is expanding very rapidly due to a great support from both country’s authorities and major stakeholders. With 5% of the country’s GDP dedicated to the industry, Mexico has grown its own identity as a hotbed for digital gaming development.
Busca Todo is among the leaders of Latin American video game publishing industry. The company provides developers with the channels they need to penetrate the Spanish speaking industry. Busca Todo’s all-encompassing solution allows developers to launch, advertise and reach out to millions of gamers globally. The platform has a global subscriber base for game reviews, shows, discussion, social networking, as well as its own YouTube Level Up channel, which has already crossed 1 million viewers mark.
Being on the top of Latin America’s online gaming communities, Busca Todo will provide TriForce Tokens with an entrance to the South American Market, which is currently gaining popularity in progression. The collaboration is definitely set to disrupt the gaming market.
As Pete Mardell, CEO of TriForce Tokens, commented to the partnership:
“We are fortunate to have found a partner that shares our vision and has the capacity to deliver on it with us, while providing us a strategic link to the largest emerging games industry region, Latin America.”
TriForce Tokens is looking to decentralize and disintermediate gaming interactions, enabling the market to grow and increase interactions between gamers and developers, eliminate piracy, reduce the cost of game distribution and facilitate cross-platform play and in-game wealth retention.
Speaking on the partnership, Busca Todo’s General Director, Juan Pablo Rodriguez, underlined the innovative approach offered by TriForce Tokens:
“Speaking of the present and the future of gaming, Triforce is the vision that pushes for innovation in the industry. We are very proud to partner with Triforce making history every step of the way, by introducing new technology to the Latin American video gaming market”
TriForce Tokens ambitions for changing the world has already attracted a lot of attention from the blockchain community. The company continues to expand its ecosystem, having already launched the hybrid FPS/RTS domination game on steam, Eximius: Seize the Frontline, which has already cemented its place amongst gamers and developers. The startup has also announced the development of a discord marketplace and game alongside a Twitch Streamer live bot.
The ongoing token sale is the final opportunity for stakeholders to acquire TriForce Tokens’ FORCE tokens at USD 0.15 per token with a 5% bonus. Bonus ends on the 28th of October 2018.
It’s that time of year again, Devcon time! Just as the conference was wrapping up, we sat down at the Prague Congress Center for a Devcon4 recap. Join Brian, Friederike, Sebastien, and a surprise guest host as we share our thoughts on the event, and how the Ethereum ecosystem has evolved since we last met in Cancun.
Topics discussed in this episode:
Devcon4 compared to Devcon3Changes to the Ethereum Foundation managementSerenity (Ethereum 2.0) roadmapThe shift from HODL to BUIDLThe apparent departure of ICOs from the landscapeThe growth of grant programsBrian’s talk at the Generalized Mining panelThis year’s emphasis on securityWeb3 Summit in Berlin the previous week
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Epicenter is hosted by Brian Fabian Crain, Sƒbastien Couture, Meher Roy & Sunny Aggarwal.
