New Currency Exchange Ruxum Saves Digital Currency Bitcoin

New Currency Exchange Ruxum Saves Digital Currency Bitcoin

The Bitcoin was waning in popularity when it launched two years ago. Now, thanks to a new currency exchange service called Ruxum, the digital dollars might have a chance at becoming global.

Don Michael Acelar De Leon
  • 4 august 2011

After two years of mediocre response from financial traders, the digital currency known as Bitcoin, is beginning to garner some serious attention.

An attractive currency exchange service called Ruxum is designed to operate in Bitcoin.

Ruxum currently supports trading in U.S. dollars and a number of Asian currencies including the Japanese yen, Singapore dollar, Hong Kong dollar and Thailand Baht. While it is still in private beta mode, it is slated to support euros, pounds and sterling, and it will be the first to trade the Swiss franc.

Ruxum CEO Chad Pankewitz explains:

With all these trading markets consolidated in one exchange for the first time, it will give customers and traders brand new opportunities for Bitcoin arbitrage across currencies and global markets. Bitcoin itself is inherently global, it crosses social and language differences allowing anyone, regardless of location or nationality to easily make payments to anyone else in the world. We want to facilitate, extend and enhance this concept by providing a global, multi-currency exchange where people can buy, sell and trade Bitcoin around the world with ease.




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