The cost of bitcoin is increasing, and this growth is occurring at a very impressive pace. It is enough to simply compare the dynamics of this cryptocurrency with what we saw in the spring - and everything will become clear. For crypto investors, this means only one thing - it is time to buy bitcoin when it’s on the bottom so that in the future you can sell it several times more expensive.

But what about those people who do not want to acquire bitcoins, but get them through mining? Their situation is even more unenviable, since due to high electricity tariffs, mining in their countries may be unprofitable. Perhaps they will have to seriously think about changing their place of residence.

Just imagine: you are moving to a certain country, and mining from a disadvantage immediately becomes a very profitable business.

The Far East has always attracted people with its exoticism, and Myanmar is no exception. The standard of living that you can afford in Myanmar is much higher than in Venezuela. That's just the cost of mining one bitcoin is also almost 2 times higher - $ 3087. Of course, now that the value of bitcoin has skyrocketed above $ 10,000, it is possible to mine Bitcoin with a very good profit. But only in 2018, when the “bears” reigned in the market, this did not seem such a great prospect. The country itself is quite attractive, it has a favorable climate and interesting architecture.
 
SKYBIT applies blockchain technology to provide a modern financial bridge between Myanmar and the rest of the world.

The SKYBIT Digital Asset Conversion Platform allows users to convert between different cryptoassets and with Myanmar Kyat (MMK) currency. The platform supports unrestricted and direction-agnostic coupling of pairs between different listed cryptoassets and Myanmar Kyat. E.g. with a list of 30 instruments, 435 pairs would be available for trading (using combination formula n!/r!(n - r)! where n is the number of listed instruments and r is 2). Direction-agnostic means e.g. ETH/BTC and BTC/ETH is the same market of orders; rates shown would simply be the inverse of the other, so traders can choose which direction they prefer. Such a possibility of free direction-agnostic pairings is an advantage over other exchanges that have a limited list of fixed pairings.

The platform would also be used to liquidate the cryptoassets received from the SKYBIT Payment Processor.