The blockchain platform FLETA and the digital asset exchange platform Bit Mon Ex signed a MOU on February 11th in the Mongolian capital of Ulaanbaatar.

[from the left] Gabit Bazar(Founder & President of Infinite Solutions), Gantig Bayarmagnai(CEO of Bit Mon Ex), Sabit Bazar(CTO of Bit Mon Ex), Unenburen Ulziiburen(Chairman of Bit Mon Ex), Bina Cho(Director of Marketing strategy at FLETA), James Song(Senior Marketing Strategist of FLETA), Batbayar Ganbayar(Legal Consultant of Bit Mon Ex)

Through this agreement both companies will advance as a global platform and exchange by sharing in various disciplines to include technology, marketing resources, and networks. The Mongolian government and companies are currently experiencing a rapid change in regard to new technology and digital industries as well as how they are viewed. FLETA anticipates that through this cooperation with Bit Mon Ex they will be able to expand as an Asian company and create new growth potential.

FLETA is a blockchain mainnet project that intends to solve the problems of existing blockchain platforms through the 5 technological innovations that they have developed. FLETA which offers fast speeds, reasonable fees, and unlimited scalability, plans on opening their Beta Testnet to the public ahead of launching their mainnet. DApp developers and regular users will be able to check out the current status of FLETA’s technology through looking at the source code on Github and playing the DApp game FLETA is releasing in conjunction with the Beta Testnet.

Bit Mon Ex is a digital asset exchange that through the close cooperation with the Mongolian government has the goal of growing as the representative Mongolian cryptocurrency and blockchain service provider. Recently Bit Mon Ex entered into an official partnership with one of the five largest American exchanges in terms of trading volume, Bittrex. Through this partnership they anticipate they will be able to provide a safer and more trustworthy exchange environment through the utilization of Bittrex’s excellent technical prowess. Also, through the cooperation with Bittrex, it will be possible for Bit Mon Ex to accommodate all cryptocurrencies through the Bittrex and Bittrex International platforms. As a result, they will become one of the platforms capable of buying and exchanging the most cryptocurrencies in the world.

FLETA’s Director of Marketing Strategy Bina Cho remarked, “Bit Mon Ex is the first exchange platform providing a global cryptocurrency exchange environment in Mongolia. We look forward to Bit Mon Ex spreading beyond the borders of Mongolia and becoming the best cryptocurrency exchange in Asia. Bit Mon Ex has the goal of positively providing blockchain infrastructure to businesses and the government and can experience a lot of synergies with the global blockchain platform FLETA.

Unenburen Ulziiburen, the Chairman of Bit Mon Ex said of the cooperation, “Bit Mon Ex has the goal of being the top blockchain and cryptocurrency service provider in Mongolia. Through this cooperation we expect FLETA’s technology to spread throughout Mongolia.”

FLETA is currently hosting the 2019 UB UNCHAINED Conference along with Bittrex, Bit Mon Ex, The Business Council of Mongolia, and the Mongolian Blockchain and Cryptocurrency Association. UB UNCHAINED Conference is being held on February 12th in the Mongolian capital of Ulaanbaatar. Around 150 key Mongolian political and economic figures are attending to include the Vice Minister of the Mongolian Ministry of Economics, Bulgantuya Khurelbaatar.