White-label crypto exchange PayBito has extended its presence in the Southeast Asian crypto market by partnering with a Thai fintech company.
It will be offering its crypto exchange technology to the Thai company, helping to boost the regional crypto digital asset landscape.
A statement cited that Thailand’s growth rate in terms of its adoption of crypto exploded by 588% between 2020 and 2021.
PayBito is a digital assets exchange that operates on a global scale, already working with more than 26 markets, including Australia, the UK and Japan.
PayBito chief and blockchain pioneer Raj Chowdhury commented on how the company’s white label architecture can be beneficial for Thailand . He said since “Thailand features one of the fast-growing crypto talent pools” the choice to go with PayBito would “fare better than any targeted local collaboration”.
This is completely in line with PayBito’s philosophy for growing the market through collaborations, rather than competition.
Its open approach enables implementation of its product not only by institutional investors but also small enterprises and individual entrepreneurs.
The company’s “ultimate goal” is to “simplify crypto trading”. The way PayBito sees the process, it’s only sustainable if it covers all the basics – “accountability, security, and transparency”.
Crypto exchanges are often making headlines with an exposed security flaw or a targeted attack. Hence, security has always been a top priority for all the major players in the field. PayBito is no exception.
Its offering includes hot and cold wallet security management, withdrawal protection, AES-256 encryption, KYC/AML, ransomware protection and many other high- or top-end security features and services.
All of this is also in line and up to date with the latest requirements and crypto regulations, enabling the exchange to provide its service safely to all investors.
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