Improved Liquidity and Local Debit Card Support

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Straight to the point. KuBitX Exchange has received an injection of life starting with our BTC/USDT market. Volume has been picking up and as we get more liquid we will start to extend this life to other popular pairs, starting with the one you have been waiting for…

If you are following our progress you will have noticed that we are already implementing an “Instabuy” feature that will allow you to buy crypto over the counter using your local debit cards, wherever you are in Africa and the world. We will be starting off with Bitcoin. The global lottery communities will love this one. Not only the lottery folks, but users of platforms like Luno, Remitano etc will also finally have a cheaper and quicker alternative for purchasing and storing their preferred crypto, especially as they can start trading with it right away on the exchange without having to pay the usual withdrawal fees!

Our payment gateway integrations will make this seamless, quicker and more convenient.

The wait is over. KBX will be available for buying and trading on the exchange on 15 June 2019 from 15 hrs GMT. It has been a long time coming and we have been preparing the vehicles to help it go mainstream through real-life adoption and solid utility cases.

Once trading of KBX commences, we will make it available for direct purchase on our PROW app. People will be able to use KBX to pay for their utility bills, flights, cable and internet subscriptions and a host of many other e-commerce products and services. Users who choose to pay using KBX will get discounts in the form of cash backs on every transaction! Plus top KBX users will qualify for our periodic user raffle draws where they stand to win crypto, gift vouchers and real-life products from Business partners in Africa and beyond.

Not only that, our ambassadors will start onboarding real-life merchants who will start accepting KBX for payments too for a chance to participate in an airdrop program. The merchants, customers, and ambassadors will start to earn passive income from this initiative whenever a transaction is done using KBX via the PROW app. The utility of and therefore the demand for KBX will keep increasing as we onboard more users.

Now is the time to hold your precious tokens dear, and secure them jealously 🙂 To ensure that you can grow them while holding them, a staking platform is already in development to enable you to earn interest when you hold KBX for long periods.

In the coming weeks, we will start organizing crypto meetups in cities in Africa where we showcase our current products and how they interplay to make the life of the common man and crypto enthusiast easier, so we can expect gradual traffic increase. We will also be focusing more on liquid projects so that the exchange only has quality options for our dear customers. If you know any such quality project, please do not hesitate to reach out to listing@kubitx.com with details of the project. You may also ask them to fill this form.

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