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The crypto currency exchange Bits of Gold from tel Aviv has developed an application programming interface (API), which allows Israeli companies to accept payments in bitcoin, getting the cost in shekels or US dollars.

The exchange hopes that the new service will contribute to the entrance in the cryptocurrency space a larger number of local companies. Soon Bits of Gold hopes to start production of cash registers, which will enable retailers to accept cryptocurrencies.

In the second quarter of 2019, the company plans to offer business services of clearing bitcoin payments.

“Cryptoperiod is a simple question, but difficult regulatory requirements, including the identification of the client. Our service allows you to use bitcoin and to comply with regulator’s rules, instead of developing an extensive payment system for every business,” explained Vice-President of the Bits of Gold NIV Tomer (Tomer Niv).

He said that despite the difficult stock market year, the number of users on their trading platform remained stable. Earlier it was reported that in 2018 the Israeli startups are attracted to the funding of the initial proposals of the coins (ICO), more than $600 million Recently the largest payment company in the country — GMT — joined the network RippleNet.

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