A new door has swung wide open for digital
currency as the Bitcoin market
Independent Reserve in Australia has launched the newest digital currency
exchange. This is for those small and big ventures that want to engage in
marketing and business within the terms of digital currency.
Adam Tepper, the Chief Executive of the
Independent Reserve revealed that the company has been envisioning the
involvement of Bitcoin in the
business world and this step would be a great progress in providing financial
security and services to customers. Independent Reserve has conducted a study
regarding the usage and understanding of Bitcoin
and it demonstrated that more than half of people surveyed felt they understand
the concept of digital currency and for Independent Reserve, this is a
progress.
“The use of and ownership of Bitcoin is growing steadily, and those using this virtual currency
want a safe, and secure place to buy, sell and store it. Our team has extensive
experience in finance and IT, and we have used that experience to build an
exchange that will bring the rigor of financial services framework to the Bitcoin industry,” Tepper added.
Most major cities in Australia have now employed Bitcoin ATMs with the addition of large
companies that now accept digital currency as a payment method, including
PayPal. Issues surrounding the linkage of digital currency network and storage
are also now being addressed with the enterprise-grade authentication subsystem
that will separate and draw a clear line between digital currency network and
storage.
Tepper also mentioned that their team has been
spending time making their platform as secure as possible. In fact, the number
of regulatory mechanisms and surveillance has increased to ensure a quality and
safe place for digital currency. Tepper pointed out that the use of Bitcoin in big companies like PayPal
and Dell has been a positive light. “It’s really positive to see an ongoing
legitimisation of the Bitcoin
environment and its operators,” he said.
There are currently three tier locations of
Independent Reserve data centres in Sydney with security signing and validation
using “dispersed keys” to ensure the utmost security. They also house cold
storage that will hold Bitcoin
offline. The fee for transactions is currently at 0.5 percent, but the team is
adamant in securing a negotiation for this rate.
Virtual currency has taken the world of internet
marketing by storm, with its latest advancement on Bitcoin development; more companies such as PayPal and Dell have
embraced the world of digital currencies within merchant ventures. The virtual
currency has now been taking a steady increase in value and appreciation.
Because of the promising investment that Bitcoin
hold, it wouldn’t be surprising to see Bitcoin
dominating the world of business and marketing in the not-so-distant future.
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I'm not surprised to red this, I mean...the way the value of our government currencies are going, I expect to see many more conversions of this kind.
ReplyDeleteI concur, the value of the US dollar is dropping, I prefer customers from the UK or Netherlands, they're purchases make more of a difference in my bottom-line but, bitcoin might give me a competitive edge. I'm looking to incorporate this currency soon.
ReplyDeleteGreat news, congrats to Australia for rolling with the times. More governments need to be this progressive and give their citizens options.
ReplyDeleteWhat great news it is ! spread it to all the people of Australia.They are so lucky to get the taste of Bitcoins.The day is not far when all the currency will run through Bitcoin.
ReplyDeleteIn very short time Bitcoin able to attract people with their appealing service all over the world.Those who already started doing deal with Bitcoin aregonna achieve SO much in the future!
ReplyDeleteFor providing sufficient facilities and service to the people,Bitcoin able to hold up the market position so nicely and that's more then expectation.
ReplyDeleteAfter hearing this i have no doubt it's not so far when Bitcoin will reach every corner of the world . But they have to conscious about people's choice and satisfaction,that's the main key to catch the market position,i think they will able to keep it up like this time.
ReplyDeleteA big clap and congrats for the awesome news,can't believe! Bitcoin is going to dominate the world .
ReplyDelete