‘Better late than never,’ says John McAfee as software pioneer launches crypto-trading platform, McAfee Magic

  • 12 June 2019, Wednesday, 05:40
‘Better late than never,’ says John McAfee as software pioneer launches crypto-trading platform, McAfee Magic
Credit: Defense.gov

John McAfee, the renowned software pioneer, was one of the early believers in crypto and blockchain technology, playing an important role in the ecosystem’s development. After recently announcing the launch of his own crypto-debit card, the seasoned entrepreneur has announced the launch of a new cryptocurrency trading platform, McAfee Magic.

The announcement came to light after McAfee tweeted,

“Sorry to be late with my magnum opus trading platform…But better late than never. Here it is. (Next week the debit cards)”

McAfee apologized for launching his platform past its original planned timeline, citing his ongoing problems with the law. However, despite the fact that McAfee Magic seems new, the company is powered by Arbitraging, an experienced cross-platform trading business. In fact, the company website’s FAQ proudly states that “It’s only the second software to be worthy of the McAfee brand.”

The McAfee Magic trading platform will allow registered users across the globe to trade cryptocurrencies on multiple exchanges, and is currently powered by ARB, an ERC20 token that fuels its trade functions. One of the surprising claims on the website is that the platform can be legally used in any jurisdiction. However, there is reason to be skeptical about this claim since, cryptocurrency trading remain illegal in several countries around the world. The website further highlights,

“The ‘magic’ is being able to make a snap trade, while your pre-set automated bots are making 100’s of trades for you, (on different exchanges), in the background! – that’s McAfee magic.”

Presently, the trading platform supports 8 exchanges with over 500 currencies. Like Facebook’s entry to the cryptocurrency space, McAfee’s strong brand recognition and following may ease several new users to join the crypto-race. One of his followers, @boerboel75, responded to the news and commented,

“I’m new to crypto, but I have faith in you Mr Mcafee.”

McAfee was lauded by many for his aggressive efforts to move into the crypto-market. McAfee replied,

“Thank you. It’s hard to work with one hand while you”re smacking people around with the other.”

Source: ambcrypto.com