Cryptocurrencies and blockchain technologies have redefined the way payments, and settlements are now exchanging and being transferred throughout the world. Owing to their decentralized nature, virtual currencies including Ripple’s XRP are immune to challenges such as government bureaucracy and inflation to mention a few.
But everyone knows, cryptocurrency is a perfect medium for sending and receiving large sums of money from one part of the world to the other.
In recent time, the cryptocurrency market has been experiencing the emergence and introduction of new applications into the cryptocurrency ecosystem that allows merchants and users to trade, store, and exchange virtual currencies such as BTC and XRP.
Despite the progress that is being made in the cryptocurrency world, many governments and nations are still on the fence when it comes to incorporating and adopting blockchain technology.
However, Thailand seems to be going against the tides as it is eager to embrace the revolutionary technology while other countries such as the US are still trying to figure out the technology and how best they can implement it in their current operations.
Thailand is so much into blockchain technology and cryptocurrency that they are already plotting on how they can come up with their own central bank virtual currency (Ripple’s aim right from the beginning has been to make XRP a base currency for banks, so probably a pair made in heaven?).
Subsequently, Thai regulators have been making substantial progress since 2017; from permitting exchanges and ICOs to conduct their operations in the country to inaugurate a cryptocurrency license company.
The country has also caught the attention of international companies that are impressed by their clear-cut and decisive regulations governing foreign blockchain companies. Thailand is quickly emerging as an example worth emulating across Southeast Asia, and as a country worth the attention of cryptocurrency and blockchain startup founders as it is a fertile ground for the technology.
Tok exchange @Tok_Exchange, an exchange based in Thailand will launch $XRP. XRP deposit and withdrawals from Nov 13th and trading with BTC pair for Nov 14th.#XRPthestandard#XRPcommunity@Ripplehttps://t.co/lEULcAuxp5 pic.twitter.com/4jzLvLrFWi
— Leonidas (@LeoHadjiloizou) November 12, 2018
What is TOK Cryptocurrency Exchange?
TOK is a new cryptocurrency exchange service that generally attends as a wallet to hold virtual currencies as well as a mobile exchange. In addition to this, other attributes of TOK include:
A Multi-Blockchain Asset Supporter
What this says is that TOK is a platform that has the capabilities to serve as a wallet for any listed virtual currency users may decide to store in it. In addition to that, TOK has a trading capability that allows users to directly trade digital assets straight from the account/wallet with minimal security risks and conversion losses.
Mobile Exchange Capabilities
When using TOK, users have the full capabilities to exchange between virtual currencies and fiat currencies by merely using their smartphones and handheld devices. This means that whether users are working or on holiday, they can access their accounts/wallets and make the right deals at any particular time.
Offline Security Functionalities
TOK as an exchange platform is not only convenient, but it also has high-security capabilities that allow users to control how much digital assets they are storing offline. This functionality gives users the surety that their digital assets are safe and secure even when they do not access their digital assets for a long time.
No Trade Fees
Another major attribute of TOK as a platform is that they do not charge extra levy fees for transactions of any kind on their platform.
Thailand Cryptocurrency Exchange, TOK, Listing XRP
As a versatile decentralized chat application developed on Ethereum’s Blockchain, TOK is offering its users with classic attributes of a chat app as well as a user-friendly in-built cryptocurrency wallet.
A couple of days ago, Thailand based crypto exchange, TOK, announced to the world its operations towards listing Ripple’s default cryptocurrency, XRP, onto their platform. Starting November 13, 2018 (till yesterday), users could only deposit and withdraw XRP coinage on the TOK platform. But from today, users can begin trading XRP with BTC pair on the platform.
This move promises to have immense benefits for both entities as Ripple stands to become more popular in Thailand while TOK stands to enter into the league of exchanges trading the popular crypto, XRP.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Bitcoin Investors – Keep Your Eyes on Inheritance Tax
The IRS recently warned crypto investors to pay their bitcoin taxes or amend returns that have been misreported. By sending out warning letters, the IRS essentially put the magnifying glass on all crypto investors.
This magnifying glass is about to get even bigger following a recent court order delivered on August 26 by a Florida court. If you are a crypto enthusiast, then you have likely heard of Craig Wright, an Australian computer scientist who has attracted criticism over his claim that he is the mysterious bitcoin inventor, Satoshi Nakamoto.
Craig “Satoshi” Wright was sued by the estate of his former business partner, the late Dave Kleiman. Kleiman is a bitcoin pioneer who died in 2013. Before his death, Dave and Wright had allegedly mined over a million bitcoins together.
Craig Wright to hand over 500,000 BTC worth over $5 billion
In the August 26 order, Judge Bruce Reinhart of the Southern District Court of Florida said that Wright should hand over half of the bitcoin (BTC) that he and Dave had mined before the latter’s death.
That’s 50% of the 1.1 million bitcoins Craig Wright and Dave Kleiman allegedly mined together going to the plaintiff – Dave’s brother, Ira Kleiman. Ira…
How Will Mozilla’s Firefox Private Network Affect the VPN Market?
Mozilla announced earlier this month that its web browser, Firefox will block third-party trackers for everyone by default. And last week, the company announced another interesting product that could revolutionize the browser market.
The new product dubbed Firefox Private Network will act like a virtual private network (VPN) although the company thinks what it is building is something different from the conventional VPN. The new product is expected to give Firefox users more privacy online by providing an encrypted path to the web.
One major difference between the Firefox Private Network and the traditional VPN is that Mozilla’s product is web-based, which means you can only access its services when browsing the internet using the Firefox browser.
This presents an interesting challenge to other developers of web platforms including Google Chrome, Microsft Edge, and Apple’s Safari, among others. It also poses a potential threat to VPN service providers since this could be a substitute product to the already existing services.
The company recommends its new product to those using public Wi-Fi or those that want to hide from ad trackers. Nonetheless, this is not a comprehensive VPN service and will be a huge let-off for VPN providers.
In addition, while the service is available originally free on beta, Mozilla said that this is only for a limited time. So, clearly, a premium service will eventually replace the free pilot…
eToroX Review: A Top Cryptocurrency Exchange
eToroX is a digital assets exchange which features a cryptocurrency trading exchange as well as a crypto wallet. eToroX is created by the same group that operates the eToro forex and CFD social trading platform, but this Exchange is for trading, buying, selling and exchange of cryptocurrencies and blockchain-based/tokenized assets.
Regulation and Ownership
The crypto wallet and exchange services offered by eToroX (a company incorporated in Gibraltar and owned and operated by the eToro Group) are regulated by the Gibraltar Financial Services Commission. eToro X is a regulated DLT provider with licence number FSC1333B.
Two types of fees are incurred by eToroX users: exchange fees and wallet fees. Exchange fees relate to deposit/withdrawal transactions and charges on trading activity. eToroX does not charge for deposits. Trading fees are either maker (limit orders) or taker fees (market orders). Maker/taker fees are tiered and are adjusted by trading volume.