With the rapid increase in adoption towards digital currencies, it is imperative that both cryptocurrencies and fiat co-exist and operate in tandem. Spotcoin aims to offer a transparent and trusted platform that will bridge the gap between the traditional finance and smart digital economy
The key challenges of digital economy are low liquidity, acceptance of fiat in higher value, poor customer service and lack of trusted intermediary. The interesting aspect of Spotcoin that addresses the above pitfalls is its OTC marketplace which has been built already to 25%. The partnerships established by Spotcoin with European banks can be leveraged for high value bank transfers hence increasing the liquidity. With its trusted and proven reputation of acting as a trading intermediary and escrow, Spotcoin will establish transparency and trust among its stakeholders. To address the concern of poor customer service, Spotcoin will provide personalized ambassadors for all its OTC marketplace customers trading in excess of USD 1 million. Also, Spotcoin offers next business day settlement
The other digital asset management tool of Spotcoin, its digital exchange will be supporting regional fiat currencies and also will be providing support in various languages for better customer support — English, Russian, Mandarin, Georgian, and Armenian languages. Spotcoin’s offering of trading pairs: GAS, Ethereum, Bitcoin and SIBCoin will support almost 90% of the tokens in the smart economy. As Spotcoin is built on NEP-5 and Spotcoin’s aim of supporting NEO’s vision, it will be listing all NEP-5 tokens free of charge.
As a all-in-one solution provider for digital economy, Spotcoin’s toolkit — Spotpay, will offer Point of Sale system for retail enterprise. Spotpay’s support through APIs will definitely be a boost for online retailers with its transparency in fees
The exciting factor of Spotcoin is its under-development 10MW mining facility that can scale up-to 25MW mining facility. With the setup in Georgia and access to highly trained blockchain community in the black sea region, Spotcoin can overcome the shortfalls of access to low-cost electricity, government regulations and shortage of technical support
Black Sea Blockchain Institute: It is estimated that 20% of Georgian students are blockchain enthusiasts. Spotcoin’s aim to setup a Institute and give back to the community shows its corporate social responsibility. Its aim to setup a Innovation lab and Innovation fund will surely make this organization a key player in the digital economy market not just in the black sea region but also across the globe
Website: https://www.spotcoin.com
Whitepaper: https://www.spotcoin.com/whitepaper.pdf
Telegram: https://t.me/spotcointeam