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Bitcoin IRA launches turnkey, white-label solutions for enterprise businesses

Namrata Shukla

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Bitcoin IRA boosts the business with White-Label Solution
Source: Pixabay

BitcoinIRA.com, the world’s largest and most secure cryptocurrency platform that enables the customers to buy Bitcoin along with other cryptocurrencies for retirement accounts, has launched a turnkey, white-label solutions for enterprise businesses to enable them to invest their customers into Bitcoin Individual Retirement Account [IRA].

The IRA accounts are designed to specifically cater financial advisors, registered investment advisors [RIAs], wealth managers and other licensed money managers with customers that want to invest in cryptocurrencies.

The platform does not just enable customers but also the financial advisors. They can access the platform 24/7 on behalf of their clients or even allow their clients to trade for themselves. The financial advisors will be able to keep an eye on the activities through a back-end administrative portal. Bitcoin IRA does not hold any of the funds, so when trades are completed, management fees are distributed real time.

The program uses best-in-class storage and security to store their client’s cryptocurrency investments, including multi-signature “cold storage” wallets from BitGo. It also has a top-level BSA/AML compliance program, two-factor authentication, and a $1 million Consumer Protection insurance policy. The press release stated Bitcoin IRA Chief Operating Officer Chris Kline as saying:

“We are excited to offer this new enterprise solution and work closely with financial advisors in a variety of industries, and in doing so, expand our offerings to a wider demographic. Demand and interest for cryptocurrencies remains extremely high despite recent drops in prices and our new enterprise platform allows money managers to invest their clients in crypto now before prices may rebound in 2019.”

The announcement came in time after the Bitcoin IRA Self-Trader launch. Self-trader enables customers to buy, sell, and swap cryptocurrencies directly inside their retirement accounts. The launch included a full BitcoinIRA.com website redesign, a faster and easier application process, improved real-time cryptocurrency price charts, a knowledge center, order history reporting and more.





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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

Altcoins

Ampleforth could help create next-gen synthetic commodities for portfolio diversification, claims Blockfyre report

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Ampleforth could help create next gen synthetic commodities for diversification of portfolios claims new Blockfyre report
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Ampleforth was the first token to successfully complete an IEO on Bitfinex. This IEO caught the attention of a lot of users in the cryptospace, as the $5 million hard cap was sold out within the first 11 seconds. A new report by Blockfyre details how Ampleforth could pave the way for a new asset class for portfolio diversification in the future.

The report also highlighted a feature of Ampleforth that allows a flexible supply that adjusts to the market demand, while price simultaneously finds equilibrium. The token also aims to tackle the strong correlation that most cryptocurrencies share with Bitcoin.

Synthetic Commodity

Ampleforth project has the ability to create synthetic commodities that are disconnected when it comes to price fluctuations due to correlations, which is a common problem faced by both cryptocurrencies and traditional asset classes. Although Bitcoin was created to tackle problems that fiat currency inherently has, it still has some correlation issues.

In a world where traditional assets are widely affected by macroeconomic and global political scenarios, Ampleforth aims to create a new asset class, Synthetic Commodity, to tackle this problem.

The report stated,

“BTC as a synthetic commodity doesn’t show correlation to traditional markets such as stock stocks and bonds. Thus it reflects a potential good investment for portfolio diversification, in order to tackle macro-economic recession”

Although BTC is an uncorrelated asset, other cryptocurrencies are widely correlated to it. Ampleforth’s protocol introduces synthetic assets that “will always find a price-supply equilibrium by adjusting the price due to demand.” The report added,

“It needs to be emphasized, that these price-supply information will always be distributed amongst all token holders, so the supply of all token holders will decrease / increase. As a result, the overall cut of the total supply for each person will always remains the same.”

The report further said that if successful, Ampleforth will directly compete with Bitcoin’s $145 billion market cap and also against traditional asset market-based in fiat.





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