BitBay is a Bitcoin exchange platform. BitBay is based in Poland. BitBay is one of the world’s top ten cryptocurrency trading platforms. BitBay is a company which is allowing trading in number of different cryptocurrencies, other than Bitcoins. The services of BitBay was publicly launched on March29th, 2014. BitBay Sp.z.o.o., operates BitBay. BitBay announced its launching of a 2.0 version on December 12th. 2014.
BitBay has announce inclusion of Ether as a tradable asset in the month of April 2016. BitBay is now planning to expand its workforce in India. This expansion of workforce by BitBay would be technology based.
BitBay plans to allow trading of six additional cryptocurrencies, such as Litecoin, Ether, Lisk, Monero, Dash and Gamecredits, besides Bitcoin, in India. BitBay plans to increase awareness about Bitcoins and other cryptocurrencies by removing all misconceptions related to cryptocurrency, in this country, by working closely with the Indian government.
BitBay is a fully decentralised peer to peer marketplace. It is a fully functional, real world, trust less platform of contracting which allows anyone to buy and sell services or goods. BitBay has a unique Halo Client system. It is a more superior accounting system than the regular QT wallet, which is more utilised by Bitcoins and other coins. Here, the client creates a Bill system. This Bill system is similar to FIAT paper money, but with different sizes. BitBay bills are in integers of 50,000, 10,000, 5,000, 1,000, 100 etc.
The process adopted by BitBay in its home country in Poland is that it allows BitBay users to pay at various places such as, restaurants and stores with cryptocurrencies. BitBay has issued its Poland based customers special debit card with the name of BitPay, which can be used in making withdrawals from ATMs.
BitBay has started its operations in India also. It is expanding its cryptocurrency trading business in this country now. This company believes in sourcing local Information Technology talents for development of its products. BitBay is the first international Bitcoin trading platform that has entered in India.
BitBay needs an account to be set up on the platform. The process is simple. One needs to click on Log in, then on Register and enter e Mail address or Google’s automatic sign up process. A message is delivered to the applicant’s e mail address asking her/him to activate the account. A click on Activate Account is then needed with entering the log in name, password and PIN to complete the process of registration. One needs then to select Wallets with the cryptocurrency of choice. With this, the account holder can immediately buy or sell the digital currency.
BitBay appears to be very promising in very near future in a one to three months window, due to various reasons in its favour. It is going to hire employees when both of themneed to make a deposit. The outsourcing guarantees timely completion of work to have a secured payment. It is a win win situation for both.
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