Cashila Partners With Bitnik Reload To Ensure Users Never Run Out Of Bitcoin European payment processor Cashila has partnered with Bitnik Reload, a Slovenian bitcoin service that will automatically re-buy all the bitcoin a user spends at Cashila from the exchange they prefer.
Jani Valjavec, co-founder of Cashila, made the announcement in a blog post. He explains that for this service users simply need to use their default bitcoin address and make payments/transfers (pay bills, purchase goods, make cross border transactions or simply cash out) using Cashila.
Calling Reload as “a quite smart piece of software”, Valjavec added that it is a web application that keeps an eye on users’ public bitcoin address(es). When it detects that bitcoins have been spent (sent) from one of the observed address, Reload will immediately repurchase the equivalent amount of Bitcoin from a local bitcoin exchange, irrespective of the user’s residence. From now on, every time users make a payment via Cashila, their bitcoin wallet balance remains the same. Users will be able to make transfers to the euro-zone from all over the world and always get the best price.
“Reload will keep an eye on your public bitcoin addresses and when it sees you’ve spent some, it will automatically re-buy bitcoins, so you never run out. Anonymously and free of charge”, Valjavec said.
http://www.econotimes.com/Cashila-Partners-With-Bitnik-Reload-To-Ensure-Users-Never-Run-Out-Of-Bitcoin-198792
