Bitcoin savings platform BSAVE receives $400,000 in seed funding

BSAVE is a London-based bitcoin startup that provides users with a platform to store bitcoin assets online, allowing users to earn income directly from their bitcoin assets. Recently, the company announced that it has received $400,000 in seed funding, but did not disclose the investors.

The company's goal is to radically simplify the process of saving and investing online, fully tapping the financial services potential of digital currencies and making it more accessible to people around the world.

乔纳森·阿泽鲁阿尔, co-founder and CEO of Bsave, said:

“Venture capital and the banking industry are targeting the digital currency industry, and financial services must become more efficient. Bitcoin and other digital currencies may be the best choice to reform the financial system and become a global platform for storing and exchanging value. BSAVE aims to unlock the potential of this market by introducing a new online savings model.”

BSAVE has developed a function that calculates and pays daily variable interest rates, using complex mathematical algorithms to calculate the size of the balance and the time it has been stored in the account. Once a user deposits Bitcoin into a BSAVE account, it begins to generate income. After each 24-hour storage cycle, the company will pay the user daily interest, which is automatically credited to the user's Coinbase wallet. If the user is worried about being financially punished, they can withdraw Bitcoin from the BSAVE account at any time.

BSAVE chose to cooperate with Coinbase because of Coinbase's strict review process (although this strict review process has been criticized) and its large user base. BSAVE platform is said to be built on the Coinbase platform.

By offering attractive interest rates, a user-friendly interface, and cutting-edge security technology, BSAVE wants to provide people with a new next-generation online savings platform and strive to become the first choice of global customers in the industry.

Original article: http://www.newsbtc.com/2015/10/21/london-based-startup-receives-seed-investment-to-launch-next-generation-of-bitcoin-savings/
By Nuno Menezes
Translator: printemps
Editor: printemps
Source (translation): Babbitt Information