Bitreserve Launches With Real-Time Transparency Data

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Bitreserve, the latest attempt to introduce bitcoin to the mass market, opened for business today. The platform lets users store their bitcoin and convert it to a number of different currencies. It also promises users total transparency in the form of a balance sheet updated in real-time.

The platform has been operating in beta since May, but its promised transparency options have only now become available to users. At launch, a new status page has gone live, detailing Bitreserve's assets and its obligations to its users.

At press time, Bitreserve's assets stood at $166,091 and its obligations were $113,025. According to those figures, it has 103% more assets than obligations.

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