About London Block Exchange:
The London Block Exchange(LBX) is a UK-based cryptocurrency exchange built to help consumers and institutions in London and across the United Kingdom to join the digital money revolution.
The LBX is launching a Visa card, the Dragoncard, that will allow users to spend their bitcoin savings. The card, designed to overcome a key drawback of bitcoin that it is not a widely accepted form of payment, will convert holdings in bitcoin and other cryptocurrencies to pounds and allow users to conduct day-to-day transactions as though with a credit/debit card.
When a user makes a transaction using the Dragoncard, LBX pays the merchant in pounds and withdraws cryptocurrency from the user’s wallet and converts it into pounds. LBX charges a 0.5% fee for processing the payment. While there have been other companies to launch bitcoin cards, LBX is the first to introduce a card for all major cryptocurrencies. The exchange has been provisionally approved by the Financial Conduct Authority, the UK’s financial regulator.
The LBX wallet app provides real-time market data and allows users to exchange between cryptocurrencies. LBX has received £2m in funding for the project.
How is the potential of the LBX project in the future:
LBX is committed to educating newcomers and experienced traders alike on the fascinating worlds of cryptocurrency and blockchain:
Subscribe to the LBX blog for the latest cryptocurrency news, commentary and analysis
Sign up to receive your free daily market report — a must-read briefing on cryptocurrency market movements designed to help you make better, more informed decisions
The advantages of the LBX project:
Introducing the LBXu token — the gateway to an ecosystem of exciting new products and services including:
LBX Pay — the UK’s first crypto payment account
Unlock hidden features in our brand new advanced trading platform
Enhanced high speed API access, LBX Custody and OTC fee reductions
LBX Markets security token exchange
London Block Exchange (LBX) is a UK-based trading platform for cryptocurrencies, which is still not operational. It will be offering an online platform and a mobile trading application for iOS devices (Android coming soon). The users would be able to trade cryptocurrencies for fiat currencies. For now, the clients would be able to trade Bitcoin, Ether, Litecoin and Ripple for GBP. More cryptos are promised to be added on a regular basis.
LBX advantages
Major coins. LBX is going to offer trading in some of the largest cryptocurrencies and plans to be adding more.
Mobile app. In addition to a web-based trading platform, LBX is going to be available only as a mobile application. Users would be able to trade in cryptos, have access to real-time market data, deposit and withdraw funds and manage their portfolio and balances in real-time.
Services for institutional traders/brokers. LBX will offer over-the-counter services for institutional traders and brokers. They would be able to trade cryptocurrencies under preferential conditions for high volume orders. LBX currently offers trading in Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple, paired with £, € and $. There is a requirement for a minimum trade size of £25,000 per cryptocurrency.
Offers educational services. LBX has a “College of Crypto” — an educational section on the site that gives basic information about the important aspects of blockchain and cryptocurrencies — what they are, how they work and explains the basic terminology of the industry. There is also information about the largest cryptocurrencies, what is an ICO, etc., and regular market reports.
Fast deposits and withdrawals. LBX will utilize UK’s Faster Payment Service (FPS) that will reduce the processing time of fiat deposit and withdrawals. Additionally, users of the FPS will be able to seamlessly exchange cryptocurrencies for fiat (GBP) and the other way around. However, the service will be available only for premium and pre-registered users. They will also benefit from no deposit fee and low withdrawal fees.
About The London Block Exchange Team
Benjamin Dives — Founder and CEO
Jono Mcleod — Co-founder and Head of operations
Adam Bryant — Executive Chairman
Matt Belton — Business development and Operations Manager
Michail Ballis — Head of Marketing operations
Conclusion
LBX has big plans and will most likely offer a nice and convenient service. For now, however, we will have to wait and see what will come out of this.
At this stage, we mostly like the educational section and the plans to have a mobile trading application, even though the Android one is still in the works. Another very convenient feature would be the option to seamlessly swap cryptocurrencies for GBP via the FPS payment method.
Either way, we still cannot quite form a definitive opinion on LBX, until we see it in full working orders, with all the necessary information.
Webite : https://lbx.com/
Twitter : https://twitter.com/LBXSocial
Telegram : https://t.me/lbxcommunity
Linkedin :https://www.linkedin.com/company/londonblockexchange
ANN : https://bitcointalk.org/index.php?topic=5052408.0
KOVALENKOV
https://bitcointalk.org/index.php?action=profile;u=1838510
0x5773C30A08ed81A8B06E56A7CF68dBc4aaca7494
