Delaware-based cryptocurrency trading company, Miners Center Inc., has been purchasing bitcoin at a higher market price, stocking up on bitcoin in preparation for the next step in their business plan – opening bitcoin exchanges on a global scale.
Putting its faith in the potential of bitcoin, Miners Center is planning to open ten small bitcoin exchanges in six different countries: three in the USA, two in Canada, two in Australia, and one each in the UK, Germany and Hungary. Although the target countries have been identified, the specific locations have not yet been disclosed; the locations are expected to be revealed with their launching, which should be complete by the end of the fourth quarter.
As this new development unfolds, Miners Center has stated that their current 10%-above-market price for bitcoin purchases will not continue for these exchanges. The inflated buying price was only to meet its target for bitcoin resources and when that is reached, it will no longer offer the incentive.
Emilian Tourey, CEO of Miners Center, explained the decision to open exchange offices:
“I am not naive, nor am I a dreamer. I am business man and I do see the flaws attached to Bitcoin, together with the security issues and I also hear the skeptics’ arguments. However, I also see the need of more and more people for an alternative to what is now the mainstream financial system. Businesses involved with Bitcoin now need to understand that in order to gain exposure to a larger public, we have to make Bitcoin easily understandable and available to a broader audience and in order to do that, we have to use some of the traditional ways, but without pushing them too far and aiming to become the new bankers at the table. This is one of the major challenges I see for Bitcoin to achieve a widespread adoption, together with the legal legitimacy and a fair, non-opposing regulations.”