Bitcoin was invented in 2009. Since then the number of users and transactions have increased rapidly. Bitcoin’s global exchange volume is now over 400 billion dollars worldwide.. And big companies like Microsoft, Dell and Wordpress are already getting on board
Today, when you pay someone, the payment goes through a bank or payment service before it reaches the recipient. Bitcoin removes the need for middlemen, enabling direct person to person transactions in a trustless manner. The blockchain technology behind Bitcoin is open, decentralized and self-regulating...and has given rise to a whole new economy based on cryptocurrencies. We call it the Crypto Economy
In contrast, the traditional economy and finance sector is based on closed, centralized systems, regulated by law. These systems are fundamentally different, preventing frictionless interaction, and resulting in a gap between the two. BitGate bridges this gap with a hybrid-economy platform. Like Bitcoin, it’s based on open blockchain technology, but it also enables centralized elements that allow for parts of the platform to be regulated.
This allows BitGate to achieve regulatory compliance in each jurisdiction around the world. Ultimately, BitGate will connect banks, exchanges and companies to the emerging internet of finance...giving end users access to a highly scalable, frictionless and global market.
