BTX Gains Unprecedented Interest in Opening Days

The contents of this announcement are point-in-time statements. Please note the date of publication.

Tuesday 15^th December 2020

Since going live on Friday  11^th of December, BTX has been inundated with a vast amount of registrations for the buying and selling of the Qoin Digital Currency.

A spokesperson for BTX said earlier today: “The initial interest shown since opening on Friday has been overwhelming. Whilst we were aware that the interest in Qoin was high and that Qoin has a very active community, we were surprised by the number of registrations that have come through in such a short period. With this high level of interest and new submissions to create accounts with BTX, we have encountered some delays in completing the AUSTRAC required KYC ( Know Your Customer) and bank verification processes. We ask for patience and support from the community during this time. We are increasing our team numbers to handle the backlog of calls and emails and are also working with our tech team to streamline and automate some further process’ to assist with this large volume of interest.”

Since BTX went live there has also been a large increase in Qoin Wallet downloads which now sees a total of over 30,000 registered wallets. Tony Wiese, Governor of the Qoin Association made some comments in support of BTX today. “We are grateful to BTX for all that they are doing during this start-up phase and ask that the Qoin community is patient and works with the BTX team whilst they navigate through the large volume”.

He went on to say, “We have been advised that there have been many transactions of buying and selling that have occurred over the past 48 hours through the BTX exchange but also understand that there has been a level of frustration in the community around certain registration aspects. Both the Qoin and BTX projects have been designed for the long term enjoyment and prosperity of all and I call on the amazing Qoin community to work with BTX and support the longer term vision.

With the Q Shop now released in phase 1, we are seeing an increase in the number of transactions of goods and services every day which has always been the core philosophy of the Qoin movement. With more and more opportunities to use Qoin to purchase everyday goods and services, we encourage the community to continue to enjoy the value of Qoin and support local business’ during this Christmas period and into 2021.”