Bittrex Becomes the Second Cryptocurrency Exchange to Launch All-Day Crypto Trading
In a significant development for the cryptocurrency market, Bittrex, a Bermuda-based cryptocurrency exchange, has announced the launch of all-day crypto trading, positioning itself as the second exchange to offer this feature. The announcement was made earlier this week, marking a major milestone for the exchange and highlighting its efforts to provide more flexibility and accessibility for crypto traders worldwide.
This new feature allows traders to engage in cryptocurrency trading around the clock, further enhancing the exchange’s offerings in a competitive market. Additionally, Bittrex has introduced a feature where users can purchase fractions of stock from major companies like Tesla, Apple, and Google, using USDT (Tether). This move is part of Bittrex’s broader efforts to blend traditional financial markets with cryptocurrency trading, providing investors with a broader range of investment opportunities.
The launch of all-day crypto trading on Bittrex marks a step forward in the evolution of cryptocurrency exchanges, making it easier for users to trade digital assets and engage in the market at any time of day.
Julius Mwale Shares Vision for Akoin in Mwale Medical and Technology City
In another exciting development within the cryptocurrency space, Julius Mwale, the principal investor behind Mwale Medical and Technology City (MMTC), has outlined his ambitious plans to implement the Akoin cryptocurrency system at the complex. Speaking in a podcast interview on Blockdown 3.0, Mwale revealed that the MMTC complex is expected to be fully completed by the end of this year, with Akoin set to play a central role in the city’s digital economy.
The Akoin cryptocurrency system will be used exclusively within the city by the end of 2021, with 35,000 residents and over 2,000 merchants expected to adopt the system. The goal is for Akoin to become the primary medium of exchange for both residents and businesses in Mwale Medical and Technology City.
Mwale expressed his confidence in the success of Akoin, stating that by the end of next year, over 20,000 workers will be paid in Akoin, marking a significant adoption of the cryptocurrency in the complex. Akoin will also be used for transactions involving mobile minutes, m-pesa, and the U.S. dollar, making it a versatile and integrated system for both personal and business use.
Scaling Akoin: Plans for 1.5 Million Monthly Transactions
The introduction of Akoin in the city is set to begin with an initial target of 30,000 transactions in the first 30 days. According to Mwale, the initial 30,000 transactions will provide a foundation for scaling the system, which will later accommodate 1.5 million transactions per month. This ambitious growth plan involves 5,000 workers processing 1.5 million transactions each month, a significant leap in terms of cryptocurrency adoption.
The Akoin system will also include the launch of a credit card, which will allow merchants that accept Visa or Mastercard to also accept Akoin as payment. This will create a seamless way for businesses in MMTC to engage in crypto transactions, and it will enhance the usability of Akoin in real-world commerce.
Mwale believes that the ability for residents and businesses to exchange Akoin for traditional currencies and mobile services will create a dynamic economic environment within Mwale Medical and Technology City, providing both local and international users with access to a modern, digital-based economy.
Akoin: A Vision for Financial Inclusion in Africa
The launch of Akoin in Mwale Medical and Technology City is part of a broader vision to integrate cryptocurrencies into the African economy. Mwale emphasized that Akoin is designed not only as a currency for MMTC but also as a platform for financial inclusion in Africa. By giving people access to a decentralized financial system, Akoin aims to empower communities and businesses that have traditionally been excluded from formal financial services.
The city’s integration of Akoin could serve as a model for other African nations and urban developments looking to embrace the blockchain and cryptocurrency revolution. The adoption of Akoin as a native currency within the MMTC marks a bold step in Africa’s financial evolution, demonstrating how cryptocurrencies can be used to drive economic development and enhance financial inclusion on the continent.
Conclusion: Bittrex and Akoin Lead the Way in Cryptocurrency Adoption
The developments at Bittrex and Mwale Medical and Technology City highlight the growing influence of cryptocurrencies and blockchain technology in reshaping both financial systems and urban economies. Bittrex’s launch of all-day crypto trading and its ability to offer fractional stock purchases via USDT is an exciting development for the cryptocurrency trading space, while Akoin’s implementation in MMTC demonstrates the power of blockchain to drive financial inclusion and economic growth.
As cryptocurrency continues to gain mainstream acceptance, projects like Akoin and exchanges like Bittrex are setting the stage for wider adoption and integration of digital currencies into everyday life, particularly in emerging markets.
To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries.
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