YC-Backed SFOX Wants To Add Transparency to Bitcoin Pricing

There are a lot of places to buy and sell Bitcoins online, the problem is the prices can vary widely depending on where you look. A new YC-backed company is looking to add some much needed transparency to the Bitcoin world with some pretty snazzy algorithms built to save you money.

SFOX

Co-founder Akbar Thobhani (formerly at AirBnB) told Techcrunch via email:

“Our goal is simple – find our customers the best price for their bitcoin. To do this, we work with multiple exchanges and use our algorithms to route the transactions”  (Source – Techcrunch)

It is important to note that you aren’t actually buying Bitcoin from SFOX but instead are using their platform to find the best price on other exchanges. While it’s still early for the company Y Combinator has a pretty solid track record and the founders definitely seem like the right people for the job.

The team here at CoinTalent will definitely be following along with the SFOX adventure, it’s definitely an innovation we’d love to see.

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