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Blockchain Reports: ThroughBit .

From the Consensus Summit 2017, Nasdaq spoke with a variety of blockchain experts. This episode was with Co-Founder and CEO Abhishek Gopal of ThroughBit.

Blockchain Reports: ThroughBit

By Kevin Feather / Digital Content Strategy

Abhishek Gopal is the Co-Founder and CEO of ThroughBit based in India. ThroughBit is based in Bangalore and focused on the Indian market. The company's trading platform is built to simplify cryptocurrencies, such as Falcon -- a smart contract that is built on the Ethereum platform. It is pegged to the Indian Rupee (1 Falcon = 1 INR). Falcon is the bitcoin-type currency created by ThroughtBit. Falcon stands for Fast Algorithmic Currency On Line.

How Does Falcon Work?

But pegging the Falcon to the Rupee, that makes it easy for currency traders to safely keep their currency at play rather than have to depend on the opening and closing of banking institutions. It also minimizes any volatility associated with cryptocurrencies. As a smart contract built on the Ethereum platform, Falcon facilitates a means for 24/7 trading to buy and sell Ether (ETH) and bitcoin (BTC) as well as make transactions and payments.

Watch the Entire Interview

Watch this Nasdaq interview from Consensus Summit 2017 via the Facebook Live video here or below:


This broadcast is prepared by Nasdaq, Inc. At the time of broadcasting, the information herein was believed to be accurate, however, such information is subject to change without notice and Nasdaq makes no representation or warranty as to the correctness or completeness of the information set forth herein. Nothing herein shall constitute a recommendation, solicitation or offer by Nasdaq for the purchase or sale of any investment product, nor shall this material be construed in any way as investment, legal, or tax advice or as a recommendation, reference or endorsement by Nasdaq or its affiliates.
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