Financial Info Show All Bitex will launch in mid with a subset of banking services offered to customers in 8 countries Hong Kong, India, Japan, Korea, Philippines, Singapore, Thailand and the United Arab Emirateswith plans for expanding its reach in the future. Services will be operated by local partners that license the Bitex platform as a franchise and who will register with the financial authorities in their respective countries.
By working with local partners, who have a much better understanding of local customers and regulators and making available localized applications and customer support, the Bitex crypto-banking platform becomes the most accessible crypto-banking solution on the market. Xbx bitcoin payment infrastructure based on ATMs xbx bitcoin mobile card readers is being developed for the Bitex platform that will be installed in over 20, locations throughout the world as the services are rolled out.
Bitex will also offer APIs to its platform that will allow 3rd party developers to create useful, country-specific features and applications.
It will conform to the ERC token standard to permit integration with existing wallet and exchange software. The Bitex Coin is a utility token that will be used by participants of the Bitex crypto banking platform to pay for service provided by Bitex.
XBX can be counted in denominations with up to 18 decimal places.