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BY CNA Team - October 10, 2018

News 0

Ver’s crypto exchange plans

Ver plans to boost bitcoin cash adoption by owning an exchange using the crypto as base currency
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Roger Ver, the controversial CEO of crypto wallet provider and supporter of bitcoin cash, has plans to either acquire or build a crypto exchange.

Bloomberg says in an Oct 9 report that Ver is considering finding a partner to build the exchange or may even “build one internally”. There were few details on how he plans to do it.

“If we build it ourselves, we can do it really, really cheap, and we get exactly what we want,” Ver says, but noted that the firm does not have the security of an experienced exchange.

The news wire says Ver is expected to tap the traffic already running through the website besides seeking to increase the adoption of bitcoin cash, which has struggled to gain more traction since forking from bitcoin in August last year.

Ver, a firm supporter of bitcoin cash, has been an emissary of sorts for the crypto, which now faces a fork of its own on mid-November.

He says bitcoin cash will be the base-currency for the new exchange, which will be linked to the site and expects “thousands or tens of thousands of new users every single day”.

Image courtesy of Ver’s twitter.





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