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Title: [2014-06-22] First Glimpse Inside Halsey Minor’s New Payments Platform Bitreserv Post by: LiteCoinGuy on June 22, 2014, 05:07:59 PM First Glimpse Inside Halsey Minor’s New Payments Platform Bitreserve
http://www.coindesk.com/first-glimpse-inside-halsey-minors-new-payments-platform-bitreserve/ http://www.coindesk.com/cnet-founder-halsey-minor-launches-low-cost-bitcoin-payments-platform/ Title: Re: [2014-06-22] First Glimpse Inside Halsey Minor’s New Payments Platform Bitreserv Post by: bryant.coleman on June 22, 2014, 06:04:05 PM Another Bitcoin payment processor like Coinbase and Bitpay? Competition is always good for Bitcoin. ;D And it will be interesting to watch how Bitreserve will compete against already established processors such as Bitpay.
Title: First Glimpse Inside Halsey Minor’s New Payments Platform Bitreserve Post by: Kosta# on June 22, 2014, 06:22:28 PM I don't get it. I must be dumb. What's the use case for bitreserve? If I want to transfer bitcoin to another address, I use blockchain directly. If I need to convert bitcoin to fiat, I use exchange. What is the scenario in which bitreserve helps?
Title: Re: [2014-06-22] First Glimpse Inside Halsey Minor’s New Payments Platform Bitreserv Post by: Bit_Happy on June 23, 2014, 02:59:32 AM What makes Bitreserve different from existing web wallet services is that it has no contact with the banking system.
As Minor says, it’s “bitcoin in and bitcoin out”, meaning a user can only fund their own Bitreserve account by depositing bitcoin. In other words, any new money introduced to the system must enter as bitcoin. ^^^No contact with the banking system? ...but you can convert your BTC to several fiat currencies? I also need a little help understanding exactly how that will work. Title: Re: [2014-06-22] First Glimpse Inside Halsey Minor’s New Payments Platform Bitreserv Post by: DooMAD on June 23, 2014, 03:41:30 PM And on top of the confusion of what purpose the site actually serves, the JPY Yen card looks silly with white text on a near-white background. Great design there.
From what I can tell, they charge 0.75% for displaying the current conversion rate of the chosen currency and sending the specified amount of that currency in Bitcoin without actually converting it to said currency. I wouldn't really describe that as a "payment processor" unless the article is missing some significant details. |