BSAVE, a London-based startup is trying to introduce a new platform that enables users to profit directly from their bitcoin holdings. The startup just received a $400k Seed investment to start developing profitable saving solution suitable for both short-term and long-term holders.
The startup’s vision is to radically simplify the process of online savings and investment, the company is trying to open the potential of financial services in digital currencies to millions of people around the world.
The London-based startup team consists of a group of entrepreneurs with a vision for combining the power of alternative investments with the potential of new technology. The team brings proven experience and solid professional expertise from diverse backgrounds in the fields of online marketing, finance, and high-tech development.
BSAVE managed to secure a round of seed funding, which made them acquire over $400,000 in investment capital to start developing the next generation of Bitcoin Savings business.
Jonathan Azeroual BSAVE co-founder and CEO stated:
“Money and banking are certainly moving toward this digital hunt and financial services face a digital and human imperative to become more efficient. Bitcoin and digital crypto-currencies may be best suited to disrupt finance and become a global platform for storing and exchanging value. BSAVE aims to unlock this potential by introducing a paradigm shift for online savings.”
BSAVE developed daily variable interest rate payments calculated using sophisticated mathematical algorithms reflecting both the size of the balance and the time spent in the saving account. BSAVE users begin to accrue competitive interest within the first minute of transferring Bitcoins to their BSAVE savings account. At the end of each 24H period, the company is expecting to offer daily interest automatically credited to the users Coinbase wallet. The full amount of Bitcoins will be always available if the user wishes to withdraw funds with no financial penalties.
BSAVE chose to partner with Coinbase due to their stringent security procedures and their large customer base. The Bitcoin savings platform is said to be built on the services of well-established Bitcoin wallet Coinbase that allows the account holder to manage their Bitcoin funds easily and safely.
By combining attractive rates, user-friendly interface, cutting-edge security and introducing the next generation of bitcoin savings, BSAVE strives to become the world’s customer’s first choice in the industry.
Source : http://www.newsbtc.com/2015/10/21/london-based-startup-receives-seed-investment-to-launch-next-generation-of-bitcoin-savings/