Exclusive: SpotOption Announces Blockchain-Based Trading via SpotChain

SpotOption has just announced that it is launching a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term-based trading platform. The company says that the solution is to be launched via its new subsidiary, SpotChain.

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According to SpotOption, the platform is a peer to peer exchange focused on decentralization. The company elaborated in its announcement that traders can exchange smart contracts between themselves that automatically allow them to settle transactions in real time.

Pini Peter, CEO of SpotOption, commented in the announcement: ”Banks and governments are turning to blockchain technology to solve conflicts, and so shall we. This is the kind of real problem-solving technology that the industry has been waiting for.”

“SpotChain guarantees that the obligations of online operators will be automatically enforced, and this kind of irreplaceable trust between broker and trader will bring success and prosperity to the industry on a whole new, revolutionizing level,” the CEO elaborated.

SpotOption recently announced the addition of cryptocurrencies to its latest platform, Spot5. The company added cryptocurrency trading across its multi-product solution, including CFDs, MT4 Plug-In, etc.

Over thirty cryptocurrencies will be available for Spot5 broker clients, such as Bitcoin, Litecoin, Ethereum, Ripple, Dash, and more. Deposits can be made through a Bitcoin e-wallet and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term can be processed with either USD/EUR/GBP. SpotOption explained that operators using the platform will not be exposed to any exchange rate risk.