The second largest stock exchange in Germany, Börse Stuttgart owns a fintech firm known as Sowa Labs which developed the Bison App, have recently announced the launch of a crypto exchange platform where BTC, XRP, LTC, and ETH will be listed and this is what we are reading about in the latest altcoin news.
Bison App tweeted that this new service will start its beta testing in January 2019 which is a very important move for a platform owned by the ninth-largest stock exchange in Europe.
Sowa Labs revealed the Bison App and explained that it was developed to compete with Robinhood app by providing fee-free trading to users. The Managing Director at Sowa Labs Ulli Spankowski described the Bison App as ‘’the first crypto app in the world to be backed by a traditional stock exchange.’’
Bison app confirmed:
‘’According to information provided earlier, the platform will offer users simplified ID verification as part of a raft of design and UX solutions intended to create an experience that is as seamless as possible. According to Spankowski, Bison app users can expect to have their onboarding KYC process completed in a matter of minutes as against the days it usually takes other platforms.’’
Users will get the opportunity to use the ‘’Cryptoradar’’ tool that will give them the real-time market feeling by analyzing more than 250,000 tweets to look at the investment mood and the appetite of all of the market participants. The service will be rolled out to multiple different user groups.
Germany’s Central Bank together with Deutsche Boerse have already completed a blockchain trial and they are exploring blockchain adoption for the country.
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