Bitreserve Adds More Precious Metals, Swiss Franc as Pegging Options
Bitreserve has added silver, platinum and palladium as pegging options for users holding Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term in its accounts. The precious metals join gold as potential hedges against bitcoin's price Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.
Each metal will be branded in the same format as Bitgold is for gold.
Also introduced is Bitfranc, based on the Swiss franc. The currency has for a long time been sought as a safe haven currency, hence its choice as a hedge against bitcoin volatility. The franc, however, did send shockwaves throughout the global foreign exchange markets when the Swiss National Bank removed its peg to the euro.
The franc joins the US dollar as available fiats for pegging.
Bitreserve now also supports multiple languages including Chinese (Mandarin), Japanese, Portuguese, Russian and Spanish, with French and German coming soon. They join Coinbase in introducing multi-language support to wallet services during the past few days.
In a blog post, Bitreserve positions the newly introduced assets as a means to stimulate digital currency adoption. The thinking is that people will be more comfortable using bitcoin in terms of the assets they're familiar with.
This is consistent with a recent blog post by CEO Halsey Minor where he argues that Bitcoin's real value is its technology, not currency.
Bitreserve has added silver, platinum and palladium as pegging options for users holding Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term in its accounts. The precious metals join gold as potential hedges against bitcoin's price Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term.
Each metal will be branded in the same format as Bitgold is for gold.
Also introduced is Bitfranc, based on the Swiss franc. The currency has for a long time been sought as a safe haven currency, hence its choice as a hedge against bitcoin volatility. The franc, however, did send shockwaves throughout the global foreign exchange markets when the Swiss National Bank removed its peg to the euro.
The franc joins the US dollar as available fiats for pegging.
Bitreserve now also supports multiple languages including Chinese (Mandarin), Japanese, Portuguese, Russian and Spanish, with French and German coming soon. They join Coinbase in introducing multi-language support to wallet services during the past few days.
In a blog post, Bitreserve positions the newly introduced assets as a means to stimulate digital currency adoption. The thinking is that people will be more comfortable using bitcoin in terms of the assets they're familiar with.
This is consistent with a recent blog post by CEO Halsey Minor where he argues that Bitcoin's real value is its technology, not currency.