Bittrex became the second cryptocurrency exchange to launch all-day crypto trading. The Berumda-based exchange announced the news on Monday. Bittrex also mentioned that the fractions of stock can be purchased on Tesla, Apple or Google via USDT.
Julius Mwale, the principal investor of Mwale Medical and Technology City, said in a podcast interview on Blockdown 3.0 that the complex is expected to be fully completed by the end of this year, adding:
We’re going to use exclusively akoin by the end of 2021.
He explained that there are currently 35,000 residents and over 2,000 merchants, and the akoin cryptocurrency system will be implemented for them all. He is confident that by the end of next year, there will be more than 20,000 workers whom will be paid in the akoin cryptocurrency.
“We are expecting to do an initial 30,000 transactions starting next month,” Mwale continued. Residents will be able to swap between the akoin crypto and large mobile minutes, m-pasa, and the U.S. dollar, he detailed. After the initial 30,000 transactions in 30 days, a credit card will also be launched so that merchants that accept Visa or Mastercard will be able to accept akoin. The system will then be scaled up to facilitate 1.5 million transactions a month. He elaborated:
That’s 5,000 workers for 1.5 million transactions a month after the initial 30,000 [transactions].