BitReserve Shakeup: Removing the 'Bit' but not the Bitcoin
Being a startup in the Bitcoin space can be a bumpy ride, and just like in any mainstream industry, the percentage of startups that make hay right from the start is pretty low. BitReserve, in less than one year, has become an instant global leader in the trading of bitcoin. BitReserve has announced major changes to expand their business model to a whole new level, and that includes a corporate name change. Some companies change names and corporate focus, inside and outside of Bitcoin, when things have not gone as planned. BitReserve is not one of those companies, making over US$400,000,000....
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The bitcoin-based financial services company Bitreserve is merging one of the newest innovations in currency with the world's oldest, TechCrunch reports. Through the institutional precious metals trading house Gold Bullion International, Bitreserve has created a new gold standard, linking its bitcoin currency exchange and payment services with gold. Now, using Bitreserve, customers can hold gold in their accounts and convert it to bitcoin to buy goods and services. Also read: Bitreserve is Open for Business. Bitreserve users fund their accounts in Bitcoin, which they can choose to convert....
Following the pre-announcement of last week, Bitreserve is now open for business with real-time transparency data. Also read: Bitcoin Reserve "BitReserve" Banks To Open its Vaults Soon. Bitreserve Founder and CEO Halsey Minor says: "Today we are thrilled to announce we have fully launched Bitreserve and are now accessible to the public." Halsey Minor also founded CNET in 1993. In 2008, he sold that company to CBS for $1.8 billion and became an investor. Bitreserve is a next-generation financial service, which shields users from bitcoin volatility by enabling them to hold Bitcoin as the....
Financial services company, Bitreserve has big plans for 2015. Starting next year, Bitreserve will add oil, in the form of Bitoil™ to its platform as a commodity users can easily hold as an investment as well as transact with using the Bitcoin network. Earlier this month we reported on Bitreserve's addition of bitgold, a link between gold bullion and the Bitcoin network which users can hold in their accounts and use to buy goods and services. Now, just days later, the company has announced it has its sights set on one of the most commonly used commodities on earth with its forthcoming....
As of this writing, South Carolina firm Bitreserve has already raised over 5 million of the 6 million British pounds it is aiming to raise with British platform CrowdCube. CrowdCube allows British folks to take a stake in privately-held companies at any stage in their development. The minimum investment on CrowdCube is just £10 making it similar to KickStarter or IndieGoGo but instead of focusing on artists or good-will projects, CrowdCube is for traditional businesses to raise capital. Bitreserve's aims are lofty. They seek to translate Bitcoin seamlessly to USD and other currencies for....
Financial services company Bitreserve, which allows customers to hold funds in U. S. dollars, euros, pounds, yen and yuan, is now presenting gold as a non-fiat currency for users. Bitreserve members now have the option of holding gold through their Bitreserve accounts and exchanging it for bitcoin. Bitreserve's blog recently states: "Today, gold is considered by many to be the safest and most stable store of value... We are reviving gold for the purchase of goods and services. Bitreserve members can convert their bitcoin to bitgold, whose value is substantiated by bullion in our reserve,....