BitNile, a cryptocurrency mining company, will launch a bitcoin marketplace in 2019

[{"selector":"#anim-bab5018a-6767-4ce6-8e89-e7d9555af2bc","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc7d04b0-e119-4daa-bcc6-db77186a9492","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5f81b3f6-78f2-4206-8901-d9f7e7a48669","keyframes":{"opacity":[0,1]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f5789b97-35a7-4354-b1bc-25dcd0794da4","keyframes":{"transform":["translate3d(107.58427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e24a66e-0b71-4f50-b1c3-05909dea52bf [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] In an effort to simplify bitcoin transactions, the bitcoin mining company BitNile (NILE) wants to launch a marketplace in the first half of 2019.

[{"selector":"#anim-f8c751d2-b3e8-43fd-92ea-7e285e7fa50d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(10.834663428119134%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-545ae7f6-cabb-4b57-8e2a-ce2dd1fddf00","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b79d0a87-6afc-42ed-9e8f-a251afbd30ba","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c0b59a58-459e-4140-a1b4-4afa36fda28b","keyframes":{"opacity":[0,1]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e8f0b0d1-e87d-4967-8567-c102269d4b83","keyframes":{"transform":["translate3d(107.58427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] According to a statement released by BitNile on Thursday, the marketplace will be a multi-vendor e-commerce platform that can be accessed via a web application or mobile device and offer a variety of services.

[{"selector":"#anim-f5f5de11-9722-431f-b2df-e4d37bc83eb8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-197b2190-e386-4f40-bc1d-7278e9320f33","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b1c005f3-aac3-47f8-9cf1-9547a6649750","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-776e338a-b26a-4365-bade-f352fe2ff27e","keyframes":{"opacity":[0,1]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-355f7218-9310-4961-9d55-278f5f146339","keyframes":{"transform":["translate3d(107.58427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Last Vegas-based company aims to increase the appeal of utilising bitcoin for purchases by making it easy.

[{"selector":"#anim-137b649f-569b-4e98-b6c7-288bdf31d5a4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-6ec9339e-d857-45df-8657-6206a59a8a08","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d70d2e55-9901-4478-abb4-cb59f6574ad7","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9c7129be-482d-482d-bfea-a9e7bdad4a86","keyframes":{"opacity":[0,1]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-677fa7ea-c9a5-46cb-af04-68c8f9a0718c","keyframes":{"transform":["translate3d(107.58427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] By providing transaction costs that are lower than those in conventional e-commerce.

[{"selector":"#anim-9f791104-d0f2-485a-87a5-1ae5564d5440 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(9.423077070642382%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-21fcac37-ce50-490b-a9c4-2f299b2abcdf","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e166864-85b4-477d-8077-8e1205004ae0","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5b6ee692-b0da-46e1-b8db-e3ea7fd8428c","keyframes":{"opacity":[0,1]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-36234190-d11a-4651-9ab7-fe74499ec309","keyframes":{"transform":["translate3d(107.58427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Given the stress on profits the sector has been experiencing recently due to bitcoin's low price and high energy costs

[{"selector":"#anim-cc9310c5-e152-46f1-b84b-cb70b16ebb09 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-24.979993427632117%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-c382d080-322a-44fd-b81c-e8c20af7f593","keyframes":{"opacity":[0,1]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-189eb171-297c-4730-a232-f66f580923c0","keyframes":{"transform":["translate3d(107.52089%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b9b8dce-c1d3-4b9c-b268-95953d488796","keyframes":{"opacity":[0,1]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4fd65890-1d67-467c-af71-0cb15ae64273","keyframes":{"transform":["translate3d(107.58427%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":1000,"duration":0,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] BitNile could also be aiming to diversify its company away from bitcoin mining.

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[{"selector":"#anim-d370b65c-941d-47df-8b96-e0d73bccb95b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] WATCH NEXT