CoinJar Tackles Bitcoin's Volatility with New 'Hedged Accounts'
Australian bitcoin finance company CoinJar has introduced pegged accounts in an attempt to hield customers from bitcoin's volatility. The new accounts, which CoinJar is calling Hedged Accounts, will allow users to peg the price of bitcoin against fiat currencies, such as the US dollar, Australian dollar, pound and euro. Asher Tan, CoinJar's CEO, explained that the new option would benefit those who would like to start using bitcoin for practical purposes, but do not want to
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Australian Bitcoin service company CoinJar recently came up with a method to battle unannounced Bitcoin fluctuations. According to the company's latest blog post, they are now offering their customers the option to store their Bitcoin in the form of fiat money - hedged accounts. It simply means that users' Bitcoin holdings will now be measured in the selected form of fiat currency (USD, AUD, GBP or EUR). For instance, if you store $USD220 worth of Bitcoin on a CoinJar account, the USD value of your holdings will be the same even if the Bitcoin value drops by half. "CoinJar Hedged Accounts....
CoinJar has clarified that only the iOS version of its new app is available today. Anglo-Australian bitcoin exchange CoinJar has released a new mobile app, now called 'CoinJar Touch', saying new user-friendly features will speed up bitcoin payments and attract new users to digital currency. CoinJar's Samuel Tate said the new app is in response to user requests for transfer in and out of bitcoin on its exchange "on-the-go", and to manage their payments and contacts lists with greater ease. Users can send instantaneous payments to other CoinJar accounts by using Twitter-style user names....
Australian bitcoin services company CoinJar has opened up its debit card service CoinJar Swipe to the general public. The cards allow users to spend from their bitcoin accounts at over 820,000 retail terminals nationwide, as well as withdraw cash from bank ATMs. Notably, the new system means there is no waiting for banks to clear fund transfers from CoinJar exchange accounts. CoinJar announced the launch at the Payment Innovations 2015 conference in Sydney today. The Swipe system had been an invite-only trial since September, with about 61 users spending AU$30,000 in that period. The....
Australian bitcoin exchange CoinJar has for a while had their wallet application up-for-grabs on Apple's iOS App Store. Interestingly so, because most of its competitors' apps with similar (if not the same) functionality had already been removed for violating Apple's money-transmitting policy. But not CoinJar, their resilient little app became the lone soldier on a battleground. But no longer, it appears. CoinJar today announced their application will be pulled from the iOS App Store by the end of this week. Apple reportedly gave CoinJar an ultimatum: remove the receive and transmitting....
CoinJar - the multi-device digital currency payment processing company - announced earlier this morning that it has released a new mobile app for iOS. The company, reportedly the largest bitcoin company in Australia to date, has named the app the CoinJar touch, and suggests that its user-friendly interface should both increase speed and ease of use for bitcoin transactions - and in doing so, attract more fringe users to the space. The act allows people who hold bitcoin accounts with the company to transfer BTC payments between one another instantly using a username system rather than the....