Coinnup Receives Licenses to Run its Crypto Exchange

As Coinnup looks to disrupt the traditional financial services sector through a blockchain-powered platform, it received a shot in the arm with two licenses that were approved by the Government of Estonia. Coinnup is a business registered in Estonia and in accordance with the Estonian legislation, an authorization is required for a company to provide services of the exchange of virtual currency or custodial wallet services. Coinnup has been granted the two licenses that will allow it to provide its services to the general public – providing services of exchanging a virtual currency against a fiat currency and providing a virtual currency wallet service.

Coinnup has adhered to all the regulations governing a blockchain business as laid down by Estonian authorities. Estonia is a global leader in attracting businesses especially with their novel e-residency program that has been a boon to entrepreneurs. With special focus on blockchain-based enterprises, Estonia today leads the global charge in a bid to change traditional processes and methodologies to make the world a better place.

Coinnup had started the development of its minimum viable product, or MVP, well before it received the licenses. The MVP is also ready for perusal by, and feedback from, potential investors and the Coinnup community. The MVP can be seen here. The MVP includes the Exchange module, Fiat Central that allows users to buy any cryptocurrency with their fiat money (linked to card or bank account) and the mobile recharge module that allows fast mobile recharge via crypto assets.

The MVP has been hailed by the community as a splendid development with its clean and clutter-free UI that allows a seamless experience. As earlier noted, we, at Coinnup, have done all the technological heavy-lifting that is occurring beneath the surface. What you see on your screens is an extremely user-friendly platform that allows transactions with ease. The CSS protocol powering the exchange and Fiat Central allows users to buy from the more than 150 cryptocurrencies using fiat money. This is unlike the other popular exchanges where a user needs to first buy either BTC or ETH and then exchange them for the cryptocurrency of their choice. However, this is a time-consuming process that also burdens the user with a lot of transaction fees. Through the Paymaz (powered by Coinnup) platform, users can save up to 75% in transaction fees.

https://twitter.com/coinnup/status/1001317462082699264

We are also getting a lot of feedback from our loyal community who have supported us throughout our endeavor to create a community-driven product. After collecting feedback and through some strategic polling, we will incorporate all the features that the community wants in the product. Finally, it is their product and it only makes sense that it has all the characteristic features that make using the product a unique and enjoyable experience.

Coinnup is currently in its private sale phase and will soon enter its presale phase that will follow its much awaited crowdsale. The community of Coinnup is growing by the day and the feedback that we have been receiving from them as well as from investors is giving us the confidence to reach for the stars with our one-stop solution that will revolutionize financial transactions forever.

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