Bitfinex Listed Tokenised Dollar and Euro

USDT and EURT are created by the Tether and based on ERC20
23 January 2018   1047

The Bitfinex exchange has made it possible to input and output tokenized dollars and euros based on the Ethereum-standard ERC20.

New tokens from Tether appeared on the Ethfinex, which is a division of the popular Hong Kong exchange.

Representatives of Tether claim that from Omni-based tokens new digital assets of the ERC20 standard favorably differ by smaller commissions for transactions and higher confirmation rate.

Bitfinex to Launch New Improved Fiat Deposit System

New system of deposists supports 4 popular currencies and requires KYC procedure completion
17 October 2018   177

Bitfinex Cryptocurrency Exchange has introduced a new system for fiat currencies deposits: the US dollar (USD), the British pound (GBP), the Japanese yen (JPY) and the euro (EUR). Now, the users who have completed the KYC procedure will create an application, indicating the deposit amount and currency, and the platform representatives will consider it within 48 hours.

Then, if approved, users will be sent the recipient's bank data, and the deposit itself will be credited to the account within 6-10 business days.

In this case, the minimum threshold of $ 10,000 was not abolished.

Earlier, Bitfinex had an anomalous growth of Bitcoin to the level of $ 7,788, which was associated with the possible collapse of Tether.

Nevertheless, the USDT price also stabilized, and representatives of the issuer said that the tokens were fully secured.