THELOGICALINDIAN - In an commodity on Medium biographer Adam Holt aggregate how Bitreserve could serve as a axial hub for agenda assets to be stored in the billow The aggregation currently holds 27m assets in their assets denominated in assorted currencies such as USD EUR GBP etc
Bitreserve aims to actualize a banking ecosystem in which bodies can hold, send, and accept money to and from anyone instantly. It could acquiesce users to adore the assurance and aegis of one-for-one analogous in their reserve, enabling bodies to transact in up to sixteen altered currencies instantly.
The aggregation publishes a real-time affidavit of solvency, acceptable users that their backing are backed up by absolute money. Bitreserve envisions a new cyberbanking arrangement that removes the costs and delays of acceptable banking. In addition, the aggregation donates bristles percent of its profits in perpetuity to acknowledging bread-and-butter befalling common through the Bitreserve Fund.
In a blog post, Bitreserve went into added detail about the accuracy provided by their agenda assets billow server. In particular, the aggregation aggregate how Reserveledger or Reservechain are blockchain-based technologies that could acquiesce anyone to appearance their real-time obligations to members. This agenda assets assets is apart audited on a annual base by a arch close for best assurance.
In allegory to banks who alone ensure a defined bulk of backing or alone accumulate a atom of the deposits in reserve, Bitreserve can be a added reliable advantage abnormally back addition cyberbanking crisis hits. The aggregation emphasized that its associates can abjure their deposits in abounding if addition cyberbanking cesspool takes place.
Bitreserve additionally offers an API alleged Bitreserve Connect which allows any third-party aggregation or absolute developer to arrange transparent, advanced banking applications and casework that account from adeptness to authority amount in the cloud, chargeless and burning all-around transfers, zero-cost bill conversions, accompanying with congenital industry-leading KYC/AML acquiescence and best-in-class security.
