When one considers the overall efficiency of modern information and communication systems, the level of disconnectedness and inefficiency of the world’s financial infrastructure is truly astonishing: transactions are slow, fees are exorbitant, systems are not interoperable, and user experience and privacy is largely ignored.
Furthermore, the existing system also effectively excludes billions of people, mainly those in developing markets, from an essential service that has been proven to enhance security and raise overall standards of living.
It is time for all of this to change.
Since our founding in early 2013, the BitX vision has been very clear: to make money frictionless and universally accessible. We are doing this by building an intelligent and open global financial platform, leveraging the most optimal technologies available, including the blockchain.
Just as the internet has empowered billions of people around the world by giving them access to virtually free information and laying the foundation for unthinkable levels of human innovation, we are laying the foundations that will give everyone access to a truly global and open financial platform.
And just like the majority of people leapfrogged old technologies like landlines and computers, we believe that there is an entire new generation of people that will also leapfrog antiquated financial systems.
To some people this is all unexpected and new. To us, it’s just another manifestation of the power of technology, and the natural evolution of money.
It’s a change that is inevitable; we’re just making it happen faster.