Cash-to-crypto solution expands to 8 Asian national currencies

Hong Kong start-up, Bitspark says it has gone live with the beta version of its new web platform that enables people to easily deposit cash, cryptocurrency or via bank transfer and exchange money using stablecoins in eight major national fiat currencies (USD, GBP, SGD, HKD, AUD, CNY, PHP, EUR).

Stablecoins are cryptocurrencies that are backed by and pegged to the price of existing real-world assets like reserves of physical cash.

“With this new web platform, we’re addressing the liquidity challenge between physical cash and digital currencies. The upgrade will help us to truly realize the promise of blockchain and countries with limited or no access to banking infrastructure,” said Maxine Ryan, co-founder and coo of Bitspark.

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