What is Bison?
The upcoming Bison app from Sowa Labs is about to become the friendly neighborhood cryptocurrency trading platform you’ve been waiting for. Set to launch in September, Bison aims to simplify trading for both novices and experts alike. With plans to initially support Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and XRP, this app promises to be the easygoing counterpart in the often chaotic crypto world.
No Trading Fees? Yes, Please!
One of the most eye-catching features of Bison is its bold claim: no trading fees. This could catapult them ahead of competitors who like to nickel-and-dime you for every little transaction. Imagine trading without the pesky fees eating away at your gains—sounds too good to be true, right?
What Led to Bison’s Birth?
Bison is a product of Sowa Labs, a subsidiary under the umbrella of Börse Stuttgart, the second-largest stock exchange in Germany. With their acquisition last December, Börse Stuttgart propelled Sowa Labs’ digital strategy, likely fueled by the prevailing trend towards cryptocurrency in traditional finance. While the details of the acquisition costs remain a mystery, it’s clear that this investment is poised to make waves in the fintech space.
Speak Your Language!
Initially, Bison will only speak to you in German. But fear not; the developers have assured potential users that English support will follow. It’s like getting a heads-up before score time—your crypto training wheels are about to roll out internationally!
Future Plans and Partnerships
Dr. Ulli Spankowski, Managing Director at Sowa Labs, emphasizes the importance of ease in using this app. He was quoted saying,
“BISON makes trading in digital currencies easy. It is the first crypto app in the world to have a traditional stock exchange behind it.”
Beyond this, we can only speculate what other digital currencies may join the roster—after all, the crypto world never stops spinning!
Competition on the Horizon
As if Bison doesn’t have enough hype, competitors are already popping up like weeds. Just last month, Shorecan DCN, a Canadian bond broker, revealed a partnership with Paycase Financial to launch their own cryptocurrency brokerage platform focused on BTC and ETH in the second quarter of 2018. Talk about stepping up the game!
