Forex embraces crypto surge says PayBito Chief

As innovation in the blockchain space takes over the finance and investment sector, a stream of businesses have found their solutions on it. Forex exchange may be next in line to shift to a crypto-enabled service. Thereafter, forex, as we know, is an investment instrument with the highest market capitalization in the world. Forex broker agencies may gain an extra edge by incorporating a crypto payment option.

Blockchain pioneer and PayBito Chief, Raj Chowdhury anticipates a mass shift in the investment market. Institutions that are into pure Forex are going for the Forex-crypto integrated variant. A major shift from traditional Forex trading platforms to a crypto-incorporated version is expected in the coming months, as per Chowdhury.

Forex Crypto Integrated Exchange

A Forex-crypto integrated exchange makes it possible for Forex to be traded in crypto and vice-versa. The crypto incorporation investors to pay in crypto for foreign currency. In Chowdhury’s words, “The incorporation of a crypto exchange empowers institutional Forex brokers by employing an alternative payment platform for people to use.”

“The idea behind the integrated technology is to diversify investment opportunities and also be inclusive.”

Also Read : 10 Reasons, Forex Brokerage Firms Need a Forex-Crypto Integrated Exchange

PayBito

PayBito led by Chowdhury is a global intrinsic digital asset exchange that demonstrates an integrated approach. Thereafter, PayBito also provides its technology to institutional crypto organizations and Forex broker firms across the globe. The white label crypto exchange software has had a tumultuous response from the crypto community, worldwide. However, the Forex-Crypto integrated technology is yet to catch up.

“The growing number of crypto investors have created an uproar in the market demand for white label cryptocurrency exchange solutions,” Chowdhury pointed out.

“We expect a mass transition from pure Forex into the Forex-crypto integrated exchanges this year.”

HashCash Consultants, also founded by Chowdhury, has partnered with several Forex broker firms, successfully deploying the technology behind the integrated exchange. HashCash has also reported the rising demand for this technology earlier this year.

Also Read : The Coin Listing Quest of PayBito with Focus on Emerging Tokens

Finally

“Financial inclusion, diversification of investments, and democratization of wealth send the pulses across this industry, making progress inevitable in this sector,” concludes Chowdhury.

The steady growth of PayBito and surging demand for the technology behind it testifies to Chowdhury’s words.

Source : https://finance.yahoo.com/news/mass-transition-pure-forex-forex-080000011.html