Your Money Comes Alive with New Bitreserve Tool

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Last updated on March 20th, 2015 at 01:00 pm

Bitreserve users can watch their money move in real time, thanks to Changemoney.org, a tool that allows visualising how money travels through the Bitreserve system.

Microsite users can limit results to requested currencies and view the data interactively on a 3D globe, which provides the opportunity for behind-the-scenes insights. At press time, Changemoney.org showed that Bitreserve’s user wallets held $1,259,153 Bitcoin (BTC).

During the launch announcement, Bitreserve’s founder and CEO Halsey Minor said that Changemoney.org reflected his perception of the tenets of digital currency – inclusion, fairness and transparency.

Minor, who also founded CNET, said that his goal for the site was to increase the public’s awareness of digital currency’s usefulness and power. He added:

Change money and the unbanked can become banked. Immigrants and the working poor can keep more of their hard-earned pay. Small businesses and startups can compete on a level payments playing field against corporate giants.

Minor’s conclusion: “Change money and the black-box model of today’s banking sector can be replaced with a glass-house model defined by real-time transparency.”

Currencies, commodities, languages

Bitreserve also added support for the Indian rupee and the Mexican peso to its platform. Including its introduction of Swiss franc support in February, Bitreserve has increased its number of available currencies to eight.

Other enhancements include support for holding Bitcoin in silver, platinum and palladium and for trading in an additional five languages, making it possible to trade in Mandarin, Japanese, English, Portuguese, Spanish, and Russian.

Having introduced gold last year, the site allows its users to hold Bitcoin pegged to four precious metals.

Earlier in 2015, Bitreserve used a crowdfunding campaign to raise over $9M.

Coinbuzz

CoinBuzz provides news and analysis on Bitcoin and other digital currencies. Founded in 2014, the site has quickly become a leading source of information on digital currency technologies, businesses, markets, and regulation.
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