SKYBIT is the first internet platform that transcends long-standing payment barriers between Myanmar and the rest of the world through the use of blockchain technology. 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. 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 possibility of free direction-agnostic pairings is an advantage over other exchanges that have a limited list of fixed pairings.

The platform offers an intuitive interface with clear buy or sell headings so that users will easily understand what is going on.

Payment Processor
The SKYBIT Payment Processor accepts bitcoin payments and then automatically credits the users’ SKYBIT account with Myanmar Kyat. The Myanmar users do not need to know anything about cryptoassets, as they would receive MMK which they can withdraw to their bank (or mobile money) account for use in their local economy.

Ad Pages
The SKYBIT Ad Pages platform allows users to advertise goods or services (or campaign for donations) to people around the world on a simple advertising platform for users who do not have their own website for displaying their goods and services or for campaigning for donations to the public internet.

Payment Button
The SKYBIT Payment Button is for users who wish to use their own web site to advertise can embed provided button code on their sales pages so that a merchant’s customer will be taken through the SKYBIT payment processor when the button is clicked.

Fundraising
The SKYBIT Fundraising service will allow companies of any size, including startups, to raise funds from global investors via an “Initial Exchange Offering” (IEO). SKYBIT can have cryptographic tokens created for the companies and list the tokens on the SKYBIT Digital Asset Conversion Platform to make them available for buying and selling by traders around the world.