Having last week been granted a full license as a provider of Distributed Ledger Technology (DLT) from the Gibraltar Financial Services Commission (GFSC) under Gibraltar’s Financial Services Regulations 2018 DLT framework, the Gibraltar Blockchain Exchange (GBX), has now released new fiat onboarding capabilities.
In addition to US Dollars (USD), clients can now onboard using British Pounds (GBP) and Euros (EUR), with further fiat currencies set to be incorporated onto the exchange in the future.
Nick Cowan, GBX Source; Twitter
Today’s announcement marks yet another significant milestone for the GBX, building on our hugely successful public launch earlier this year, followed by the receipt of our full licence from the regulator in Gibraltar only last week. We strive to be the standard bearer in the industry, and adding GBP and EUR to our fiat onboarding capabilities gives expression to this work in action, while opening the door to a new wave of prospective users who want to explore the fast evolving crypto space,” commented Nick Cowan, CEO of the Gibraltar Blockchain Exchange.
The GBX Digital Asset Exchange (GBX-DAX) was launched to the public in July 2018 and already has quite a selection of tokens to its list. The first approved token to be launched on the GBX grid was Traceto.io’s utility token, Traceto Token (T2T) back in March.
Broadening the reach of blockchain technology and cryptocurrencies to as many users as possible has always been at the heart of our efforts, and strengthening our fiat onboarding offering is part of this mission. Our firm belief in the principles of transparency, efficiency, and security have driven us to build a token sales platform that ensures the best utility for the wider trading community, giving them the most robust trading experience possible. I’m very excited to continue to build on this momentum into 2019 and beyond,” concluded Cowan.