Coinffeine Announces Launch of its Decentralized Bitcoin Exchange

Spanish digital currency startup Coinffeine has announced the launch of its new, decentralized Bitcoin exchange in 70 countries.

The distributed and open-source exchange is a desktop-based platform that enables users to sell and purchase Bitcoin with fiat currencies, without ever needing to rely on centralized entities. But nonetheless, its developers ensure their product to be like any other Bitcoin exchange, offering similar experience as that by an online trading platform. Albeit the only difference they mention — between their platform and the online exchanges — is the use of local payment processors to conduct fiat-to-Bitcoin conversions.

“Coinffeine offers a user experience similar to traditional exchanges,” the announcement reads, “but using local payment processors — such as PayPal — to manage FIAT money and a desktop application to allow users to manage their own bitcoins without having to lose control over them at any time.”

There is, however, no mention of PayPal agreeing to provide its services to Coinffeine as of now. The exchange, though, has assured to contact international payment processing companies, including PayPal, AliPay and others, with proposals to integrate. At press time, it only supports OkPay, a Russian-based payment processor, which is often described among the Bitcoin communities for

Read more ... source: NewsBTC USA