Spotcoin’s OTC marketplace was established in November 2016 to provide digital to fiat currency trading services for clients worldwide. The fragmented global OTC marketplace for digital currency trading is estimated to be greater than $10B per year. Spotcoin intends to become a market leader for trusted OTC trades in all major digital currencies. Spotcoin is developing an automated marketplace and will obtain all necessary licenses to increase our global trading capabilities.
Our digital asset exchange will focus on a simple user-interface providing global and regional fiat currency trading pairs with four core digital currencies: GAS, BTC and ETH. Spotcore, our proprietary order matching engine, will provide centralized liquidity between our digital exchange, mining operation, and over-the-counter marketplace (OTC), and our Spotpay payment system.
Spotcoin has designed and initiated an environmentally friendly $3.25M facility utilizing hydroelectric power, and our total mining operations are scalable up to 25MW. Our new facility will house 4,500 GPU miners with additional capacity to host 4,500 units on behalf of clients.
Spotcoin’s innovative payment system is a key aspect of our “simple liquidity” ethos. Spotpay will provide a secure payment widget , an API and app-based digital wallets that will provide consumers with fast, low-cost, and secure point of sale transactions. Spotpay will integrate with Spotcore to provide instantaneous payouts in the merchant’s desired currency with transactions occurring at the current market price. Spotcoin intends to capture $1M per month of estimated $100M existing retail digital currency marketplace by Q4 2020.
Administrative & Accounting