CNET Founder to Launch BitReserve in India
On May 4, The Times of India reported that Halsey Minor, the multi-millionaire entrepreneur and founder/CEO of BitReserve, engaged a meeting with the local regulators for the company's future plans to launch its services there. "After the U. S., U. K. and China, we want to now set up operations in India, and we are talking to regulators and potential....
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CNET founder and technology entrepreneur Halsey Minor has formally announced Bitreserve.org - a new low-cost bitcoin and fiat currency payments platform geared toward both consumers and merchants. Most notably, the service will allow fiat-to-fiat transfers at zero cost between Bitreserve members. This means that a customer could issue a payment to a merchant without having to pay transaction costs. Bitreserve charges a nominal fee for bitcoin transactions in order to pay miners. During a press conference, Minor remarked that one of the central problems with bitcoin is the issue of price....
Halsey Minor, founder of CNET, today announced the launch of a new bitcoin venture called Bitreserve, a platform that aims to provide real-time transparency and address bitcoin volatility, transaction traceability, and proof of solvency. The idea: Allow members of the service to hold bitcoin denominated as real-world currency. "Bitcoin is a remarkable innovation, created and supported by lots of very smart people," said Minor, who also happens to be the second largest shareholder in salesforce.com. "Bitreserve is built on top of the bitcoin network, allowing members to convert bitcoin into....
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....
Bitcoin bank Bitreserve, founded by CNET founder Halsey Minor in 2013, shields its customers from the volatility of bitcoin by instantly locking deposits to a fiat currency selected by the customer, for example the US dollar. If you make a deposit in bitcoin to Bitreserve, you don't have to worry about volatility, because your bitcoin can be converted to dollars on-the-fly and appear as dollars in your balance. So Bitreserve users don't lose money if the exchange rate of bitcoin goes down - if they have chosen to convert part of their holdings to, say, $1,000 USD, they will continue to....
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....