“Halsey Minor, founder of CNET, today announced the launch of a new bitcoin venture called Bitreserve, a platform that aims to provide real-time transparency and address bitcoin volatility, transaction traceability, and proof of solvency. The idea: Allow members of the service to hold bitcoin denominated as real-world currency. While Minor will serve as Bitreserve’s Executive Chairman, Tim Parsa will serve as the start-up’s chief executive officer. Members of the Bitreserve system are able to hold bitcoin denominated in US dollars, euros, yuan, yen, and pound sterling. According to Bitreserve, these so-called bitcurrencies will be backed by a full reserve of traditional currency.”
http://newsbtc.com/2014/05/15/cnet-founder-creates-new-venture-addresses-bitcoin-volatility/
Tip Freedomwat.ch Staff with Bitcoin