Multi-Fiat Exchange MonetaGo Looks to Protect Against Bitcoin Volatility

A new Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term exchange, MonetaGo, was unveiled yesterday at Money Conf in Belfast.

The exchange seeks to differentiate itself from the multitude of other players in a couple of ways. First, it aims to make bitcoin accessible and transmittable all around the globe, currently supporting 24 languages and 28 fiat currencies in 40 countries, and planning to add more.

Second, it looks to protect buyers of bitcoin against its Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term by fixing its value to the local currency. Effectively, traders on the exchange can transmit funds and convert them to the local currency of their recipient, using Bitcoin as a transfer mechanism.

MonetaGo was co-founded by Jesse Chenard and Tad Davis.

Davis told Finance Magnates that the launch of its exchange was well received by everyone with whom it was discussed at the event.

The startup also stated that it has assembled an international team of experts in technology, legal matters and compliance. It aims to expand to a quarter of all countries by year's end.

The exchange was built using the technology of AlphaPoint, a New York-based solutions provider catering to the crypto exchange market. In addition to powering several new crypto exchanges, leading bitcoin exchange Bitfinex reworked its platform last year with AlphaPoint's technology. This came shortly after the company secured $1.35 million in funding.