What is BiteX?
The time when cryptocurrencies become first-class citizens of the digital economy is fast approaching — the question is not “if” but “when” this will happen. When that time arrives, the need to provide financial services for this emerging economy will be critical to fuel its growth.
Bitex expects to be ready when that time comes by becoming the first locallyembedded crypto bank. It aims to provide financial services to the cryptocurrencybased digital economy that is relevant and useful to the local customer base in each region where it operates, while being available globally. Bitex will provide cryptocurrency-based banking services for digital customers through a licensed technology platform available to local partners.
Bitex believes that it can make the greatest impact on society by working at the local level, and ensuring that the benefits of this new cryptocurrency-based digital economy can also be felt by those under-served or left out of the current banking system. Thus, instead of starting out immediately as a global bank, Bitex wants to ensure that its solution has a local impact.
Bitex will demonstrate the local impact it will have in each country where it is licensed by offering a relevant localized financial service bundle and redefining how financial services for this new cryptocurrency-based digital economy can be delivered. While there are multiple incumbents in the crypto-banking space, Bitex expects that this hyper-localized strategy will give it an edge in creating, over time, the first truly global crypto-bank for mainstream consumers.