Bitcoin.com Taps Crypto2Cash to Increase Liquidity

Digital asset Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider Crypto2Cash on Thursday announced its partnership with Bitcoin.com to provide its users cash-out services.

As seen on its website, the Dutch service provider supports a total of 29 fiat currencies, including the US dollar, Canadian dollar, Swiss franc, euro, Thai baht, and Japanese yen.

In addition to the long list of currencies, the platform also supports a few other currencies, including Chinese yen, Indian rupee, and dirham on request.

The supporting digital asset option on the platform is, however, limited with only three leading cryptos - Bitcoin, Bitcoin Cash, and Ethereum. However, given the crypto-to-crypto pairs on the exchanges against the three digital currencies, these options seem enough.

Commenting on the prospect, Pieter Jan Datema, founder of Crypto2Cash, said: “Users of Bitcoin.com can use Crypto2Cash to cash out their Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term in a fast, secure and user-friendly environment This increases their financial freedom. We see ourselves as one big digital ATM. In today’s world, you still need fiat currencies to pay the bills.”

Registered in the Netherlands, the platform is working according to the latest European compliance laws for know-your-customer (KYC) and anti-money laundering (AML).

A dominant player in the crypto industry

Roger Ver-led Bitcoin.com offers diverse crypto-related products, including exchange services, mining pools, crypto wallets, and even gaming platforms. Its mobile wallet is one of the oldest and widely used crypto wallets with around 10 million users.

Though established as a diverse crypto platform and propagating for Bitcoin Cash development, Bitcoin.com entered into the crypto trading business last year.

Meanwhile, Bitcoin.com is also increasing its stake in the crypto ecosystem through investments and acquisitions.