Nvelop Holding has announced that it will work with BiKi Exchange to list BXTB, a new cryptocurrency based on Proof of Capacity. The listing will happen in early April, with the finalized date soon to follow. BiKi will be the first exchange to list BXTB, which is designed to be a blockchain-powered platform for gaming payments and transactions, among other applications. The listing on BiKi is part of Nvelop’s dual listing strategy, where the company is currently working with other exchanges around the world to expand Nvelop’s network.
BiKi provides a digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs, and boasts 2 million registered users, including 200,000 daily active users, over 2,000 community partners, and 200,000 community members. BXTB will be the first Proof of Capacity coin listed on Biki.
BXTB Platform aims to provide several disruptive benefits to gaming, such as a trustless cash-in and cash-out process where no middleman need be involved. According to Juniper Research, worldwide gaming transaction are expected to approach USD $1 trillion by 2021. The gaming space was revolutionized by the Internet, and BXTB plans to bring blockchain to the table. The key to BXTB Platform winning this market is more than simply a technological challenge: adoption must be driven by getting the gaming operators to trust and participate on the platform.
In other news, The launch of Nvelop’s UAE-headquartered cryptocurrency exchange has been scheduled for Q2 2020, beyond its previously planned Q1 launch, due to COVID-19’s unfortunate effect on global operations – especially the UAE’s recent announcement to shut down flights and encourage social distancing. Though financial enterprises everywhere are suffering consequences of the pandemic, Nvelop’s progress is moving forward nonetheless, with technical and regulatory evaluations underway as well as a new headquarters launching in the Abu Dhabi Global Market. BXTB is also in line to be listed on Nvelop’s exchange when it begins operation as the first licensed cryptocurrency security and token exchange in the United Arab Emirates.