Bitreserve adds new currencies

Source: Bitreserve

Bitreserve, the world's first real-time, transparent and free financial service, today announces the availability of seven new currencies to its cloud money service. Now users can hold, exchange and send money between sixteen global currencies and four precious metals.

As of today, Bitreserve members can transact, hold and change Australian Dollars (AUD), Canadian Dollars (CAD), Hong Kong Dollars (HKD), Israeli Sheqel (ILS), Kenyan Shillings (KES), New Zealand Dollars (NZD) and Singapore Dollars (SGD) for free using the system. This is in addition to the nine existing currencies and four precious metals already available on the cloud money service.

The new currencies were added at the request of members and as a direct result of the growth of Bitreserve’s reserve funds and transactions in recent months. Following the launch of the company’s open API and developer community Bitreserve Connect in June 2015, the company has increased its transaction rate by a factor of five in a few short weeks, illustrating the demand for cloud money services globally, and specifically among early adopters in these markets.

Anthony Watson, President & Chief Executive Officer of Bitreserve comments: “Money is global: every new currency we add brings us closer to Bitreserve’s vision to create an inclusive and fair way for people to use, hold, change and spend it. Each of these geographies represents a thriving digital ecosystem and we are thrilled to be able to offer each one a way to transact in their own currency for free on our cloud money platform and to start to leave behind the cumbersome and expensive legacy banking systems of old.” 

Contributed | what does this mean?
This content is contributed or sourced from third parties but has been subject to Finextra editorial review.

Comments: (0)

Featured job
All Jobs »