The March 4 Bitcoin SV (BSV) Virtual Meetup hosted by Bitcoin Association Founding President Jimmy Nguyen gives audiences worldwide insightful conversations about new concepts and projects emerging in the BSV ecosystem with a focus on the Americas. Many new faces were seen and heard from during the BSV Virtual Meetup as developers and CEOs talk about their companies and applications and why they chose BSV to build their platforms on.
Beaxy Exchange is one of these new faces. It is a relatively new digital asset exchange company based in Chicago, and according to Director and Co-President Bay Abbott, “Beaxy can be summed up as a US compliant exchange with low fees, more major fiat payers and the tools to trade crypto profitably.” Just like any other exchange company, Beaxy Exchange always does an in-depth investigation of a digital currency before they list it, and Bitcoin SV passed it with flying colors.
“The majority of the due diligence is looking into the utility of the asset. So that’s where most of the legal spend [and] that’s where most of the internal due diligence is—you’re spending a lot of time determining that utility. And when we looked at the BSV ecosystem and we saw that there were 300 companies building on the BSV blockchain, we saw all of the things that contributed to that like micropayments and the upcoming Teranode [Project]. It’s easy to make that determination at that point, so we decided to move forward with listing BSV,” Abbott explained.
This is because Bitcoin SV has restored the original Bitcoin protocol and unlocked unbounded scalability through its Genesis Upgrade in February 2020. This simply means that the base protocol is made of rock-solid foundation that will remain unchanged forever, which allows for developers to build all kinds of platforms and applications on top of it. What’s more, the BSV blockchain can handle increasingly huge amounts of data as it continues to scale its data blocks. And this makes possible low-cost microtransactions that other blockchains cannot offer. The BSV network is ready for global adoption and it can dominate the world market in the future—and many businesses within the BSV ecosystem can attest to this.
“So early on, our head of operations came to the team, and he said that working with the BSV ecosystem and Fabriik was one of the best and easiest integrations that he’s had to date. So, when you receive a compliment like that, it tends to resonate. And I think that can sum it up best,” Abbott said.
This is what it means when the company speaks for itself. Despite smear campaigns and allegations that Bitcoin SV is circulating false information, companies like Beaxy Exchange can say through firsthand experience that what Bitcoin SV is spreading is definitely not misinformation, but just the truth.