MyBitcoinSaver expands and rebrands
FOR IMMEDIATE RELEASE: 14th of May, 2018
MyBitcoinSaver, the New Zealand Bitcoin savings platform that has helped close to 5,000 Kiwis save $7m worth of Bitcoin since 2014, is expanding its service and rebranding to MyCryptoSaver today.
The new platform allows New
Zealanders to now save in multiple cryptocurrencies with
regular bank payments.
This makes it easy for Kiwis
to diversify their crypto portfolios with other well
established and validated cryptocurrencies while maintaining
a Dollar Cost Average investment strategy.
The first
cryptocurrency MyCryptoSaver is adding alongside Bitcoin is
Ethereum, which is the second biggest cryptocurrency by
market cap after Bitcoin and has been on the market since
2015.
Unlike other cryptocurrency investment
platforms, MyCryptoSaver limits the amount of money
investors can put in on a monthly basis.
“This
ensures responsible trading and means that investors make
gains from the overall rising trend of cryptocurrencies
rather than unpredictable short-term volatility,”
MyCryptoSaver CEO Sam Blackmore says.
“The approach
has helped our 5,000 clients make millions in profit over
the past four years from Bitcoin alone. We have processed a
total of $2,841,345 New Zealand dollars and that’s now
worth $7,724,174 in Bitcoin.
“We’re excited to be
able to offer more cryptocurrencies to investors to help
diversify their portfolios.”
Blackmore says the
decision to expand to Ethereum first was simple.
“Ethereum is not only a highly popular cryptocurrency
of its own, the technology is also used to power most of the
new cryptocurrencies entering the market. What’s more,
with the Ethereum blockchain, you can build smart contracts
for any industry or use you want: whether it’s in property
ownership or logistics.”
The Ethereum network is
powered by the ‘Ether’ token, which is what New
Zealanders will be able to save with MyCryptoSaver.
Once registering on the website, users will be able to
buy up to $2000 worth of Bitcoin and Ethereum every month.
The platform allows users to choose what percentage of their
payment goes into either coin with a simple slider.
“As we add more coins to the platform throughout this
year, they will have the same requirements in common: be
established with a high market cap and liquidity, as well as
having a real-world use case,” Blackmore says.
“Kiwis are seeing the real-world potential of
cryptocurrencies and we want to be able to safely and
reliably distribute crypto to anyone in New Zealand, whether
they have $20 or $2000 to spend.”
MyCryptoSaver
buys cryptocurrencies in bulk from an overseas exchange to
reduce the costs and time usually involved in buying
cryptocurrencies as an individual. This enables
MyCryptoSaver to provide a better rate to users compared to
most other crypto platforms.
ENDS