In the world of crypto, one of the biggest difficulties is being able to take your fiat money (dollars, for example) and buy a cryptocurrency with it. The most popular option is to use the Coinbase exchange, where you can buy Bitcoin, LiteCoin, Ethereum, and Bitcoin Cash from your bank account or credit/debit card. This is a costly and inconvenient option for those who want to invest in alt-coins since you have to go through these extra steps, paying fees along the way.
Vertcoin was tired of waiting for Coinbase to expand their options, or other exchanges to begin allowing direct purchases with fiat. With this in mind, the Vertcoin team, along with their community, have developed a brand new exchange designed just for purchasing Vertcoin with fiat money. At this point, it is going to be based with the US Dollar, though other currencies may be added too.
There is no release date for when Vertbase will be completed, what type of fees it will have, or any other significant details. The fact that they are working hard on it, however, is not only good news for Vertcoin fans, but anyone who invests in crypto.
Hopefully this will not only be great for Vertcoin, but will inspire a company to develop a full exchange that allows the purchase of any alt-coin with local currencies. If this happens, it will not only be very successful, but it will also help to grow the entire crypto-industry significantly.
