MonetaGo announces launch of global bitcoin exchange

MonetaGo has announced the launch of a global bitcoin exchange in closed beta, which it says, will enable trading in over a dozen currencies supported in 24 languages in nearly 35 countries this month, with 50 countries supported by year-end.

MonetaGo, launched in 2014, claims to have a team that has expertise in bitcoin, technology, legal and compliance, and financial services.

Commenting on the announcement, Jesse Chenard, CEO of MonetaGo, said that the company is thrilled to launch the global exchange which will mark the start of a future in financial technologies. He added that the exchange will facilitate rapid and secure transmission of funds around the globe at very low rates.

The company says that in order to serve its customers it is setting up a global network in association with other cryptocurrency companies, which will enable greater order flow and capacity in fiat currencies which has become a basic prerequisite now.