Clients of Coinsbit exchange will be able to buy cryptocurrency via POS-terminals

Cryptocurrency exchange Coinsbit, which received a license for trading in the EU, announced the integration with 200 000 POS-terminals, which will allow customers to purchase digital coins for Fiat without intermediaries. This was reported to ForkLog by representatives of The company.

The terminals are owned by the startup Cylcebit and are located around the world, including South Korea, Vietnam, China, India and other countries.

Cryptocurrency included in the listing on the exchange and POS-terminals is available for purchase. According to the developers, in the future this model will give the opportunity to take Fiat during the IEO.

Note that at the moment 24 pairs of cryptocurrencies are traded on the Coinsbit exchange. Most popular ─ BTC/USD, LTC/BTC, BNB/BTC, ETH/BTC, LTC/USD, LTC/ETH, ETH/USD, DOGE/BTC, ETC/BTC, BNB / ETH.

Thanks to CoinsbitCode technology, transactions within the exchange are carried out without commissions. The exchange is able to process up to 10 thousand trading operations per second.

The platform processes 1 million transactions per month, and the annual turnover of card payments is $1 billion.

Recall, in the autumn of 2018, Coinsbit announced plans to issue loans in USD and USDT secured by digital currency. It is expected that the new function will be implemented this year.