Remitano, a Vietnamese platform with operations in Africa has announced it now supports ethereum, an emergent decentralized cryptocurrency in a move to prevent fraudulent trading activities on its platform.
“Unfortunately, cryptocurrency traders need to be watchful of fake exchanges, phishing schemes, and fraudulent ‘wallets’ that bring malware into their devices, among other scams” said Dung Huynh. “At Remitano, we’re committed to inhibiting fraudsters from depleting cryptocurrency trading, which is arguably one of the most revolutionary digital advancements of our time. Now with our ethereum feature, we’re able to provide a safe-space for ethereum traders, too.”
ethereum is similar to bitcoin some ways but it allows users to execute code on the blockchain technology and keep track of computer programs – to say, specify the conditions in which someone will get paid. ethereum’s price and market cap have skyrocketed in 2017, with a 3000 percent increase just this year.
Remitano users across the globe can securely exchange ethereum without worrying about fraudulent trading activities. Remitano targets bitcoin exchangers, investors, and those seeking remittance services, especially in Asian countries such as Vietnam, Malaysia, Cambodia and China with lower fees – 0.5 percent compared to 1 percent elsewhere – instant virtual support, as well as a private platform to explore the world of blockchain.
“We want to see bitcoin and ethereum succeed. Remitano is on a mission to bring bitcoin – and now ethereum – to everyone, and to provide a space space for people to partake in this incredible market,” said Huynh, “Because after all, we believe it truly has the potential to change our digital world.”
Remitano was founded by Dung Huynh, Phuoc Nguyen, Phuong Nguyen and Tam Vo and is now available across the English speaking world, as well as South Africa and Mexico. Recently, the firm expanded outside of Asia, with Nigeria, Kenya, and Tanzania. Remitano started in Ho Chi Minh, Vietnam and is incorporated in Seychelles but has operations in Vietnam, Malaysia, the United States, Australia, United Kingdom, China, India, and Ghana.
