In 2020, our crypto exchange service launched under the name Gex, which brought real-time trading to crypto-friendly Georgia on a highly liquid marketplace.

Now, as CryptX broadens its mission to make crypto easy, our exchange has evolved and launched into the global crypto arena as Cryptal.

The new name better reflects our CryptX family. This change also added a new feature for trading BTC with other cryptos directly. Cryptal now supports LINK as well, in addition to ETH, LTC, BCH, and USDT.

Many new features are planned, including more support for DeFi tokens, favorable deposit and withdrawal limits, no-fee credit card transactions, and more.

We are pleased to introduce our newest CryptX Wallet partner, ProHash.

ProHash operates Crypto ATMs throughout Romania. Their mission is to accelerate the adoption of Cryptocurrencies by offering people with less technical knowledge an easy way to get started into Crypto and by providing already experienced users with the best customer experience possible.

Yo Shin Kim, Founder & CEO of ProHash, had been in Crypto for some time, and realized that moving from the traditional financial system into crypto was more complicated than it should be. Unable to find a reliable quality service to meet their expectations, they decided to build it themselves.

When ProHash learned about CryptX Wallet, they found a wallet that would provide easy-to-use functions with support for multiple coins and features in one platform.

In addition to ATMs, ProHash also offers OTC and consulting services geared toward managing cryptocurrencies.

Hodl Services has implemented CryptX Wallet as its operational wallet. Currently operating 72 Bitcoin ATMs in the province of Ontario, Canada, they are working on further expansion within the country. They plan to double the number of machines by the end of the year.

Hodl Digital Services saw the opportunity to be part of a growing trend towards decentralized financial services and launched their first Bitcoin ATM in January of 2018. Hodl obtained their Canadian regulatory registration from FINTRAC in January 2019.

Hodl Digital Services wants to make cryptocurrencies and all their advantages available to wider segments of the Canadian…

Based in Canada, Bitcoiniacs also has ATMs in the Philippines.

I’m very excited to introduce you to our latest partner — the world’s first crypto ATM network, Bitcoiniacs.

Launched in 2013 from a Vancouver, Canada coffee shop, Chief Evangelist Christopher Concepcion told me they were compelled by the cost savings we are able to offer, by employing algorithms that achieve reduced blockchain fees.

It is great for CryptX to be partnering with such an important company as Bitcoiniacs. This cooperation will streamline their operations and business processes even further. …

The CryptX story began in 2017, as a startup company backed by Mission Gate venture capital firm. Initially operating as a crypto brokerage service, we pride ourselves on providing cryptocurrency platforms that are very secure and easy to use, with highly responsive customer support. Moreover, we make our tools feature-rich and cost-effective to implement. Our software team, CryptX IQ, is led by experienced blockchain developers and finance experts who focus on building intuitive and flexible applications.

So you see, CryptX is not just the easiest-to-use operational Wallet, it’s also home to Cryptal Exchange, over 30 Cryptomats across Georgia and Ukraine…

I recently spoke with author Ethan Turer for his upcoming book, The Next Gold Rush: How Cryptocurrency Will Change Everything. Not surprisingly, we had a lot in common about how crypto will evolve and influence the global financial markets. As I see it, the main benefit that blockchain and crypto bring is from the stance of financial inclusion and mass adoption.

Ethan’s book, planned for release this August, sets out to introduce and explain the phenomena of cryptocurrencies and how people in all spheres will be affected by this nearly ubiquitous technology, beginning with the “crypto-curious” — anyone that has…

The question of Bitcoin’s rapid rise in value and whether it’s sustainable comes up frequently.

As I see it, one cannot link an asset’s potential price increases (indefinitely to the north) solely to the fact that its supply is limited. Price increases only happen when the demand for that asset rises.

For example, if we all one day decided that “Gold” is not a good store of value, the demand for “Gold” would decrease (probably to zero) and its perceived price in our eyes would decrease substantially — however, this has not happened for centuries.

Thus, for an asset’s price…

In the first part of this series, I briefly talked about origins of CBDCs, how they compared with traditional means of payments and cash, and what the potential effects would be. In the second part, I talked about the costs and benefits of introducing a CBDC and the current situation in different countries around this topic.

In this final part, I will talk about current state of development achieved by several countries and what the future could bring in this domain.

The Bahamas — First in the world to launch a fully-functional CBDC

2020 was challenging, stressful, memorable, frightening, and…

Despite the unprecedented challenges of 2020, the CryptX Wallet team successfully brought on new customers, new coins, and new features.

We are excited to be a part of the crypto (r)evolution! In the next year, expect faster swaps, even more new coins, and a greater demand for crypto payments in all sectors. With an updated API and more partner integrations coming up, CryptX will continue to be the simplest solution for managing diverse crypto revenues.

My personal goal for CryptX will always be to make crypto transactions easier, more secure, and with the lowest possible fees.

Here’s to a bright and healthy 2021!

Since making the CryptX wallet service available, we’ve been adding support for more tokens, bringing the total number to 108 supported coins. These most recent additions are all ERC-20 tokens, on the Ethereum blockchain.

What are ERC-20 tokens and why are there so many? ERC-20 has become the technical standard for tokens used in smart contracts on the Ethereum blockchain. Since Ethereum is a decentralized application platform, the projects running on Ethereum use their own tokens for asset transactions.

ERC-20 tokens are one of the most important parts of our system, and the decentralized applications based on them today have…

George Gvazava

CEO, CryptX Wallet. Financial adviser & lecturer at universities in France & Georgia. Featured in “Forbes 30 under 30 Georgia.” Interested in blockchain tech.

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