VALR cryptocurrency currency trading is launched with Bittrex support in South Africa

A new exchange of cryptocurrency called Valr has been launched in South Africa in a partnership with Bittrex. The information was published by Farzam Ehsani, former head of the blockchain at the Rand Merchant Bank (RMB).

The new platform will offer customers a new trading experience for virtual currency resources. The decision was made at a time when new platforms are expanding into the African market, including Binance.

At the moment, the platform is launched with a simple purchase and sale function that allows users to exchange Bitcoin (BTC) and Ether (ETH) with over 50 different virtual currencies.

To work, the platform uses artificial intelligence and machine learning to simplify the ID verification process. This allows new users to be verified in a few minutes. In the future, the intention is to start the rand-to-crypto trading and more advanced crypto-to-crypto trading options.

Michael Jordaan, former CEO of the First National Bank, commented on this:

"Thanks to the collaboration with Bittrex, VALR has access to all the cryptocurrencies and digital tokens available on the Bittrex and Bittrex International platforms, allowing it to offer its customers one of the widest selections of digital resources."

At the same time, the partnership offers international liquidity and globally competitive prices, among other features such as the main security practices. The company wants to continue to expand the cryptography industry in South Africa and other places.

South Africa has always been a very important player in the cryptocurrency space. The interest in Bitcoin and other assets has always been very high. According to Google Trends, South Africa is the country with the biggest "interest" in the world for Bitcoin.

South Africa the central bank has also been involved in the industry and in the cryptocurrency market. He was able to execute a blockchain process to improve financial transactions in the country. At the same time, local regulatory agencies have worked to provide a clear framework for companies that pay taxes and operate in space.

In addition, Sygnia, a recognized financial company located in the country, announced the official launch of a virtual currency exchange. This shows that there is a great interest in virtual currencies in the country and there are platforms that try to offer the best services to their customers.