HashCash Consultants, the company behind cryptocurrency exchange PayBito, announced on Thursday the platform has served one million global users. According to HashCash, the trading portal uses bank-level security features to protect users from hacks and also conducts KYC along with AML checks before users can load their wallets for purchase from the app. PayBito’s web application also allows advanced trading features for its users. HashCash reported:
“For residents of the United States and India, the app supports USD and INR purchases if users have bank accounts in those countries. Global users can trade other crypto assets using Bitcoins as the base currency after going through KYC/AML checks required by their respective jurisdictions.”
While sharing more details about the platform, PayBito’s Head of Products, Ishan Roy, stated:
“It is interesting to observe how awareness of Cryptocurrency has spread to every corner of the globe. A large section of our customer registrations is happening from African subcontinent, from East European countries and South America. PayBito is on track for adding a new crypto asset every two weeks”
HashCash went on to note that PayBito is offered as a White Label cryptocurrency product for companies that are interested in using the software to run their own exchange. Raj Chowdhury, MD of HashCash, added:
“Enterprises big and small today are looking for off-the-shelf cryptocurrency exchange software and they find PayBito to be a great fit for their needs. We enable them to run their own exchange without having to go through the development cycle of building one. You may never know, the exchange you are using to trade your crypto assets might just be a white label version of PayBito running at the background.”