(Newswire.net — March 10, 2014) Ventura, California —
Blaine Tucker, a Seattle-based serial entreprenuer, recently announced his plans to create a cryptocurrency exchange based within the United States. Establishment of a U.S. based exchange will bring further legitimacy and mainstream awareness to Bitcoin and other cryptocurrencies.
“There are many challenges to this project,” says Blaine Tucker, “But I believe that cryptocurrencies are an unavoidable part of our future, so I am committed to helping Americans get on board with this trend as quickly and easily as possible.”
Tucker plans on governmental endorsement of his exchange on a state by state basis before opening the exchange up to the general public. While cryptocurrency is currently a highly-unregulated speculative technology, Tucker hopes that working in partnership with the current system will lower the barrier to entry for would-be Bitcoin enthusiasts.
“I know that a lot of people want to get involved in Bitcoin, but they are scared away by the lack of regulation,” says Tucker. “My plan is to cooperate with government regulatory agencies as much as possible, to help new Bitcoin users feel secure with the technology.”
The new exchange will only be available in states in which Blaine Tucker has been able to come to an agreement with state authorities.
Tucker commented: “I’d like the exchange to be open to all U.S. citizens, but for now, I’m only going to operate in states where I can work with the authorities, I’m hoping to accept users from Washington very soon.”
Cryptocurrency exchanges allow users to not only purchase Bitcoin for U.S. dollars, but also exchange other types of cryptocurrency, such as Litecoin and Dogecoin. Most exchanges are currently hosted outside of the United States.