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Title: [2014-07-30] Intros Service to Anchor Bitcoin's Price for Wary Users Post by: erono on July 30, 2014, 03:22:18 AM http://www.paymentssource.com/news/emerging-payments/coinapult-intros-service-to-anchor-bitcoins-price-for-wary-users-3018663-1.html
For most of the digital currency's existence, the price of a bitcoin has swung wildly. Coinapult is looking to remove this risk with the launch of Coinapult Locks, which pins the value of a user's bitcoin balance to a stable asset. "Our thesis is that 99% of normal people aren't currency speculators, and won't deal with a service that exposes them to volatility in daily transactions,” said Gabe Sukenik, executive director at Coinapult. “We created Locks as a bridge to overcome this barrier to entry, and allow users to exist in the Bitcoin ecosystem without have to worry about the price.” |