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Bitreserve Archived $210 Million Transacted in Bitcoin

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by Zhanna Lyasota · 3 min read
Bitreserve Archived $210 Million Transacted in Bitcoin
Photo: Bitreserve

Bitreserve has powered over $210 million U.S. dollars worth of cloud money transactions since its launch.

Bitreserve has recently reported that since its launch that is less than 10 months ago, the company has powered over $210 million U.S. dollars worth of cloud money transactions.

The platform is expanding every day and it enables people and businesses from 161 countries to hold, convert, send and receive cloud money anywhere, instantly, safely and for free.

“We’re changing money each and every day thanks to the support of Bitreserve members like you. We’re committed to transforming the old and bureaucratic world of finance, along with the slow, expensive and opaque legacy financial and banking system, and replacing it with one that is instant, transparent, accountable and affordable for people everywhere. Thanks for joining us in this world-changing effort!” said Anthony Watson, President and Chief Executive Officer of the company.

Due to great demand, the company continues to add currencies to support its global members who wish to transact internationally without fees or delays. Bitreserve’s cloud money platform uniquely offers the tools for businesses to develop an expansive range of solutions applicable to nearly any financial service need. Every new currency the company provides enables a new market to participate and innovate in the digital economy.

Several days ago the company introduced the Danish Krone (DKK), Norwegian Krone (NOK), Swedish Krona (SEK) and Polish Zloty (PLN).

“We now support 16 currencies and 4 commodities and plan to add many more stores of value to our platform over the coming weeks and months,” was written in the blogpost.

Bitreserve is focused on providing extraordinarily easy and familiar ways to access the digital economy, have complete visibility and control over customers’ money, while continuing to provide world class security that protects their personal information and money at all times.

“We’re actively working on ways to make it super easy to fund your Bitreserve account without the friction of acquiring and transferring bitcoin as a first step,” said the blogpost.

Furthermore, by tapping in to Bitreserve Connect, the open API, businesses are able to integrate and extend the platform’s features to their own business as well as their consumer solutions. Businesses are gaining free international transfers, zero cost conversions, regulatory compliance, state-of-the-art security and changing their business models virtually overnight.

“The amount of disruption we’re beginning to see is getting me excited for what’s to come – and we’re only just getting started! Congrats to all of our early innovators – keep up the good work!” said Watson.

Looking back, in April Anthony Watson joined Bitreserve as president and chief operating officer and in June he got a new title: Chief Executive Officer.

Shortly after his appointment, Watson’s joining the team has been seen as a great victory: “Both the Board of Directors and I have such tremendous confidence in Anthony’s abilities to execute on Bitreserve’s vision and mission to transform the world of finance that we are pleased to announce that Anthony, in addition to his serving as a Member of our Board of Directors and his role as President of the company, is being promoted to the role of Chief Executive Officer, effective immediately. Anthony will report directly to our Board of Directors.”

Watson isn’t a novice in digital currency sphere. He used to invest in bitcoin which he said “did well”. He emphasizes the importance of the technology underlying bitcoin and hopes that with his help “the world will embrace the uses of the blockchain”.

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