BitBay introduces a no-cost fiat currency exchange
BitBay, a Poland based crypto exchange has come up with a fiat currency exchange. It is a no-cost fiat currency exchange that will allow users to access it with 0% commission. Employing a third party service provider to transfer funds and exchange them for euro, US dollars or Polish złoty, will no longer be required. The traders will be able to keep their own tab and check the currency that holds the best trading-pair value against Bitcoin.
What is BitBay saying?
According to The Daily Hodl, BitBay has announced the inclusion of (OMG) and Golem (GNT). Designed to be a payment platform, OmiseGO is a decentralized exchange running on the Ethereum blockchain and will supposedly “unbank the banked”.
Golem is a global, decentralized, open-source super computer that anyone can use. It can compute a series of tasks, “from CGI rendering, through machine learning to scientific rendering”. It creates a “sharing economy” that aggregates computing power from every machine on its decentralized network to create a peer-to-peer marketplace for computational resource.
Golem employs an Ethereum based transaction system to make its payments. “It is made up of combined powers of users’ machines from PCs to entire data centres,” said the company.
As reported by Owl T Market, Igoria Trade SA is catering this newly introduced service to traders on BitBay. The minimum exchange worth is 10 euro, $10, and PLN 25.
Image via Shutterstock
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