Published on August 15th, 2015 | by bitcoin0
itBit Reveals Details About the Bitcoin Exhange’s ‘Secret’ Bankchain Project
Photo: ItBit ItBit, a well-known bitcoin exchange providing a reliable trading platform for institutional and retail investors, opened up about its secret Bankchain project, a private shared ledger system for banks and financial services firms.
ItBit is a global bitcoin exchange offering institutional and retail investors a powerful platform to buy and sell bitcoin.
The company has taken a uniquely rigorous approach to regulatory compliance by establishing the itBit Trust Company, overseen by the New York State Department of Financial Services.
ItBit is the first regulated bitcoin exchange able to accept customers across the United States.
So, in a nutshell, itBit’s exclusive project is a fully permissioned distributed ledger system with a governance committee and a native itBit token.