Bitex believes that the best way to deliver significant local impact quickly is to focus on regions where mobile connectivity dominates, and where traditional banking/financial services do not adequately serve the majority of the population. This gap can only increase when the economy moves to the use of cryptocurrencies.
Mobile connectivity will continue to grow and Asia will continue to drive a large part of that growth as global economic power shifts from mature markets to the emerging economies in that region. Low access to banking services coupled with high penetration of mobile devices serves this unmet demand for alternatives to traditional banks.
All pointers therefore indicate that Asia and the Middle East are the regions most likely to need and welcome a robust crypto-based financial system, and where Bitex’s local impact will best be demonstrated. 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.