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The Boerse Group Stuttgart, Germany's second largest stock exchange, has finally launched its cryptography application after a year of development. Announced in an official tweet on Jan. 31, the crypto trading app calls Bison.
Licht an, Vorhang auf: BISON IST DA! ?????
Ab sofort in den deutschen App Stores on: https://t.co/9sYg6STW81#lancement #Release #finance #btc #Release # beginning #crypto #cryptocurrency #innovation #eth #xrp #LTC pic.twitter.com/5hb8VlFkuL– BISON App (@bisonapp) January 31, 2019
According to the trading application official web page, the application software was specially designed by fintech from Sowa Labs, a subsidiary of Boerse Stuttgart Digital Ventures. According to the developers, their goal with the application was to allow a simple entry into the world of crypto-currencies.
The Bison Crypto Trading App
The Bison app is compatible with iOS and Android operating systems and can be downloaded for free from the Apple App Store and the Google Play Store. To use the application, users must first create an account and verify their identity by providing appropriate KYC / AML information.
Currently, the Bison trading app is only available for German residents, but the Boerse Stuttgart Group plans to extend its offering to countries all over Europe by the end of this year. 2019.
Once the Bison application account is created, users will be able to buy and sell Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP) during market hours, Monday to Sunday, from 6 am to noon.
These hours are somewhat restrictive compared to what cryptocurrency users are used to, but the exchange plans to extend them to 24 hours a day in the future. Regarding the cost of trading on Bison, users simply pay the price displayed in the app. There is no additional trading fee, which makes the application attractive for all accounts.
When it comes to storing cryptographic badets, users do not need to configure their own personal cryptographic wallet, Blocknox, a subsidiary of the digital business unit of the German stock exchange, manages the preservation of purchased cryptocurrencies.
As regards the use of fiat for the purchase of crypto, an external banking partner called solarisBank is responsible for facilitating the payments and retention of customer fiat deposits in euros.
The additional features of the Bison Encryption app are a simple wallet feature that allows you to track your investments with percentage gains / losses and total balances. For those who wish to stay informed about cryptographic news, the app also includes a news and social networking section that allows users to filter out what's important.
Last thoughts
Overall, the Bison trading application of the Boerse Stuttgart Group is an important step towards the adoption of cryptocurrency integration by the media. This new application has the potential to reach a whole market of investors who previously had neither the know-how nor the means to buy cryptocurrencies.
In 2019, we are already seeing important developments in fiat-to-crypto integration services that are attracting new users to crypto. Another recent example that has been previously reported by IIB is Binance's acceptance of debit and credit cards for the purchase of various cryptos.
Which fiat-crypto integration service that captures a new market will be released soon? Tell us what you think in the comment section below.
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