An Interesting Thought

I occasionally come across something out of the ordinary that stands out to me that I like to share with you. In this case I learned that Coin Reverse Inc., New York based cryptocurrency trader announced today that it has put a “can’t say no to” offer on the table for Bitcoin sellers, as it’s revealing its new cryptocurrency investment policy and appetite. The company has launched a market break-through offer on Bitcoin trade, sustaining a buying rate which is 15% higher than Market’s official rate.

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The company has developed a sophisticated payment platform, offering instant payment services towards its customers. While having also developed partnerships with many international banks, CoinReverse is able to provide online automatic and instant payment, via its web-site platform, for bank transfer and Paypal payments, conditioned that the customers correctly provide their payment details.

The offer has been promoted with no time-frame, although the company explained that, according to its policy and the capacities targeted, it is likely that the offer will be just dropped, with no prior notice, the moment when sales target is reached.

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CoinReverse Inc. was founded in July 2014 by former banking professional Tom Juno, who has seen the opportunity and future financial market development going on the way of technology, while cryptocurrency will flourish. “It will eventually go mainstream within the financial system and we’re not very far from that point, it’s only a matter of few years,” declared Tom Juno, the company’s CEO.

The company has started as a moderate cryptocurrency buyer and investor, having seen great business opportunity in the emergence of alternative currency markets but with no means of putting uncertainty risk at the core of its business development, up until now.

Tom juno has on-going negotiations for becoming the first Bitcoin exchange house serving a couple of major consumer goods online vendors who are now turning their faces and policies towards Bitcoin acceptance. Along with those, discussions are getting close to signing with an important online Casino, also willing to implement Bitcoin use for its services.

Who knows, maybe this technology/currency can have some mortgage application.

About The Author

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Tony Garritano
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.