Bits of Gold which is an Israeli-based cryptocurrency exchange announced that it is currently developing a new API service precisely intended for cryptocurrency payments. The main meaning is to let wholesalers in the region to begin taking cryptocurrency payments. The info was published in a popular news website by Finance Magnates.

Tomer Niv, the CGO of the crypto exchange commented:

“Crypto transfers are not a complicated matter but the regulatory demands, which include identifying the client, make it complicated… Our service allows to use Bitcoin and comply with the rules of the regulator, without developing a vast payments system for each business.”

Bits of Gold was founded in 2013 with the goal of allowing Israelis to easily access bitcoin. Today, the company operates one of Israel’s largest bitcoin exchanges. The company strictly adheres to Israeli regulations, and they’re a legitimate and reputable exchange. Currently, the platform is not experiencing a huge reducation in the amount of customers, even after a year-long bear market in the cryptocurrency space. The exchange is also planning to enlarge the amount of individuals employed in the corporation. The purpose is to lease out customer service and software developers workers. Bits of Gold may be a Tel Aviv-based bitcoin exchange that gives bitcoin/New Israeli Israeli monetary unit and Ethereum/New Israeli Israeli monetary unit mercantilism pairs. It’s one in every of the few exchanges that permits you to trade ILS for cryptocurrencies.

The exchange has high fees of fifty to 100 percent on just about each dealing, thus you’re solely saving a bit little bit of cash compared to operating with different exchanges that don’t directly settle for ILS.

Bits of Gold accepts multiple deposit ways, as well as by mastercard, money deposit (including at their “Bitcoin Embassy” in Tel Aviv), or wire transfers from Israeli banks. Bits of Gold is associate degree Israel-based company based in 2013. the corporate consists of a team captivated with bitcoin UN agency square measure “working to create this new economy accessible in nascent markets, in ancient banking and money institutions”, explains the Bits of Gold LinkedIn page.

The company is diode by chief operating officer eating apple Rouach. They’re headquartered in urban center. Users will be able to contact the corporate by on their official email id.

Other key members of the team embrace Youval Rouach (CEO), Chen Benjamin (Director of Operations), Meni Rosenfeld (Advisor), Ruben Arnold (Strategy and Business Development), and Golan Shlomi (Legal Advisor).

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