Coinffeine Launches P2P Bitcoin Exchange in 70 Countries, Requires OKPay Account To Use

At this time, there are two camps in the world of Bitcoin exchange platforms.  On the one hand, there are the traditional Bitcoin exchanges, where users deposit funds and withdraw it through the exchange’s accounts.  On the other hand, there are decentralized peer-to-peer exchanges that are slowly but surely gaining more popularity.

Coinffeine Launches in 70 CountriesCoinffeine Logo

When a new Bitcoin exchange launches, there is usually the question of whether or not it will be available outside of the continents of Europe, the US and Asia.  And in most cases, the answer to that question is no, due to regulatory and legislative requirements that need to be taken into account in most parts of the world.

Coinffeine is doing things slightly different from most exchanges, as they are one of the first platforms that will not handle user funds directly.  As a result, there are different regulations to take into account; Coinffeine is technically speaking not a money transmitter unlike exchanges such as Coinbase and Bitstamp.

Because of this greater freedom, Coinffeine has managed to offer its services in 70 countries from day one, including areas such as Indonesia, China and Brazil.  It goes

Read more ... source: CryptoArticles