Bitreserve Merges Bitcoin and Gold
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....
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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,....
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....
Bitreserve will soon allow its customers to make purchases with oil. Bitoil, as it's called, is being added to the organization's platform as a commodity that users can invest in and spend with. Bitreserve recently stated in a blog post: "For the first time in history, oil will become a form of payment and compete against all major global fiat currencies. Using Bitreserve's Oil Card, anyone can hold their value as oil - the fuel for the modern world economy - and transfer that value instantly and for free." The news comes shortly after Bitreserve's announcement that it would bring gold to....
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 part of their new Bitreserve Connect platform, Bitcoin-based currency conversion and transaction service Bitreserve has launched the voucher app Easy.money. The app allows users to create personalized gift certificates in any amount of their choice, using a number of currencies, including dollars, pounds, pesos, yen and rupees, as well as gold, silver, platinum and palladium. The vouchers can be sent digitally or printed out and handed over physically. To redeem the money, the recipient will need to open a Bitreserve account and insert a unique code. Addressing Easy.money, Bitreserve....