What is Belfrics?
Belfrics Global is a cryptocurrency company from Malaysia founded in 2014. The company offers products and services to the cryptocurrency industry, including, a trading platform, a wallet, and a payment gateway. The company plans to launch bitcoin exchanges across the continent of Africa. The company CEO Praveen Kumar just launch the Belfrics’ Bitcoin Exchange in Nigeria. Belfrics currently operates in about 19 countries and plans to extend operations to Africa after the successful first launch of Belfrics’ Kenyan exchange in Kenya some years ago. Kenya already has a major bitcoin exchange called BitPesa. BitPesa charges a fee of 3%, while Belfrics charges a fee of 5%. However, there’s one major difference: Belfrics allows users to purchase bitcoin in any amount, while BitPesa forces users to purchase a minimum of $700 in BTC. Obviously, that puts a BTC purchase beyond the reach of the average local, which is why Belfrics sees an opportunity. In addition to Kenya, Belfrics is available in Singapore, Malaysia, UAE, China, Indonesia, and India.
Exchange
The Belfrics’ exchange offers a highly-liquid trading system which is secure through an easy User Interface. The company offers a desktop trading platform and a mobile app. The company charges a 0.5% fee on traded volume with each transaction – which is about average for a fee and offers free services for Deposits and withdrawals.
Wallet
The Belfrics Wallet promises to offer bulletproof security for your cryptocurrencies.The Key features of the wallet include two factor authentication, deep freeze security, multi-signature support, and other security features you expect to see in a wallet.
Merchant Services
Belfrics offers two core merchant services, including a customized point of sales (POS) system as well as a payment gateway. The POS system allows for a merchant to seamlessly accept bitcoin. It’s an end-to-end POS solution with back office and reporting features. It can also be customized to meet the needs of any merchant. Meanwhile, the Belfrics payment gateway is a platform that allows you to use your mobile phone as a bitcoin debit card. Using the Belfrics payment gateway, you can pay at any location and trade with bitcoins instantly, in a hassle-free way.
