Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Bitcoin Exchange Independent Reserve adds NZD capabilities

Bitcoin Exchange Independent Reserve adds NZD capabilities

Independent Reserve, the Bitcoin market, announced today that Bitcoins can now be traded directly in NZD through the Independent Reserve multi–currency exchange.

This follows the recent addition of AUD to the platform, in which Independent Reserve became the first Australian exchange to offer Bitcoin trading directly in both U.S. and Australian dollars.

CEO Adrian Przelozny said adding NZD to the multi-currency order book was the natural next step for the exchange.

“The big advantage for New Zealanders is that there is now a reputable and proven exchange that they can trade on using their local currency. Having access to Independent Reserve’s multi-currency exchange provides a safe and reliable connection to the global Bitcoin ecosystem for New Zealanders.”

The change will provide extra flexibility for those using Bitcoin to avoid the traditionally high fees associated with FX transactions, Mr Przelozny said.

“We have seen a trend towards people buying Bitcoin in one currency and selling it in another, effectively using Bitcoin as an FX tool, rather than using a bank or a wire service,” he said. “As this trend continues to grow it will be useful for our users to have additional currencies right here within the exchange.”

Independent Reserve customers can open and maintain multiple accounts in multiple currencies, and break single orders across USD, AUD and NZD.

“The feedback from our users has been very positive,” Mr Przelozny said. “Our user base in the region continues to grow and we will continue to add new services to encourage the growth of Bitcoin.”

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Air New Zealand: Capital Raise Deferred

Air New Zealand has decided to defer its planned capital raise to later in 2021 allowing more time to assess the impacts of recent developments on the airline’s path to recovery. 'We’ve seen some clearing of COVID-19 clouds recently, with ... More>>

Commerce Commission: Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time

Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More>>

Stats NZ: Auckland Population May Hit 2 Million In Early 2030s

Auckland’s population may rise from about 1.7 million currently to 2 million by early next decade, Stats NZ said today. “Auckland will likely have the highest average annual growth of New Zealand’s 16 regions over the next 30 years, from ... More>>

Air New Zealand: Business Travellers Return To The Skies In Record Numbers

After a year of talking to a computer, Kiwis are leaving the office to re-connect with their clients, suppliers, and staff. New figures released by Air New Zealand show domestic business and corporate travel has defied global trends by returning ... More>>

PwC: Outcome Of Review Into Air New Zealand Gas Turbines Business

Air New Zealand has received the report into its Gas Turbines business from independent external advisers PwC. Air New Zealand Chairman Dame Therese Walsh says the report identified a range of effective controls in the Gas Turbines revenue contracting ... More>>

LPG Association: Renewable LPG Achieves Emissions Budgets With No Need To Ban New LPG Connections

Renewable LPG can supply New Zealand’s LPG needs and achieve the emissions reductions proposed by the Climate Commission without the need to ban new connections, a new study shows. The investigation, by leading consultancy Worley, was prepared for the ... More>>

Commerce: House Values Continue To Climb As New Government Measures Announced

The Government’s new initiatives to quell the rocketing housing market were announced last week, just as house prices hit a new high for the end of March. The average value increased 7.8% nationally over the past three-month period, up from the 6.8% ... More>>