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5 Cryptocurrency Business Ideas in Belgium

Updated on Friday 08th May 2020

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5-Cryptocurrency-Business-Ideas-in-Belgium.jpgCryptocurrencies are digital currencies which are safe to use because they are based on cryptography and are not subject to counterfeit like regular banknotes. Another important feature is that it is not issued by any authority.
 
Cryptocurrencies are becoming more popular and so is their use and reachability.  Buying and selling Bitcoin and other types of virtual currencies remains one of the main activities in the field, however, entrepreneurs can explore other options.
 
Below are a set of 5 cryptocurrency business ideas in Belgium for investors who want to open a Belgian company:
 
  1. Open a cryptocurrency exchange: a basic service that allows for cash/digital currency changes;
  2. Open a cryptocurrency trading platform: a type of stock exchange designed for cryptocurrencies;
  3. Blockchain development services: software engineering and development services for blockchain technology;
  4. Digital wallet company: a mobile or digital wallet services that allows for much more than cryptocurrency payments;
  5. Cryptocurrency ATM: like an ATM for traditional money, used by individuals who wish to quickly purchase cryptocurrency divisions;
 

1. Open a cryptocurrency exchange

This is simply the monetization of the fact that normal currencies are converted into Bitcoin and other types of virtual coins. Entrepreneurs can set up the platform that will allow investors and individuals alike to convert money into digital currencies.
 

2. Open a cryptocurrency trading platform

This option means that entrepreneurs will start a new platform that will engage in cryptocurrency trading activities. In most respects, this platform will be similar to a traditional stock exchange.
 

3. Blockchain development services

Blockchain is the technology behind cryptocurrencies and it was created for the purpose of conceiving the Bitcoin. Now, there are many more applications for this type of technology and investors in Belgium can help clients with blockchain development, including software and digital services
 

4. Digital wallet company

Software companies can work on developing digital wallets - essentially an e-payment system that can be adapted for multiple purposes and can include Bitcoin or other cryptocurrency payments.
 

5. Set up a cryptocurrency ATM

A cryptocurrency ATM or BTM, as it’s also called, will essentially mean that the investor will need to have the available capital and to set up an actual machine that will allow individual clients to insert cash and purchase small cryptocurrency denominations. 
 
Cryptocurrencies, and the blockchain technology behind them, present a host of opportunities for investors. Entrepreneurs who would like to know more about how to open a company in Belgium and start their business can contact us for personalized assistance. Our company formation agents can also help you if you need other corporate services, such as VAT registration in Belgium or trademark registration services.
 
 

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