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Bitcoin IRA™ Launches Next Generation of IRA Services for Digital Assets

Company Announces New Partnership with BitGo Trust for Secure Custody; New Offering Features $100 Million Insurance Protections and Lower Fees

LOS ANGELESJune 25, 2019 /PRNewswire/ — Bitcoin IRA, the world’s first, largest and most secure digital asset IRA company that allows clients to self-trade cryptocurrencies and other digital assets 24/7 for their retirement accounts, today announced that it has launched the next generation of investment retirement account services for digital assets. With this launch, a division of Bitcoin IRA has become BitGo Trust’s retail administrator for retirement accounts.

Since 2016, Bitcoin IRA has processed over $350 million in digital asset transactions for self-directed retirement accounts. In 2019, its new self-directed client’s saw significant growth due to the increase in the value of cryptocurrencies in the first half of the year.

Bitcoin IRA’s clients will now have their digital assets stored with BitGo Trust Company, the first qualified custodian purpose-built for digital assets. BitGo Trust’s cold storage carries $100 million in insurance where the offline private keys are held 100% by BitGo or BitGo Trust. Additionally, Bitcoin IRA is able to reduce wallet holding fees by 30% and reduce client transaction fees. Bitcoin IRA and BitGo Trust Company will also be waiving the first year’s account fee for a limited time.

For more information:

Chris Kline, COO, Bitcoin IRA said:

“Our partnership with BitGo Trust provides our clients with faster account funding, lower fees, as well as significantly increased insurance protections. This establishes us not only as the premiere digital asset retirement platform, but also expands us to a leading full-service solution for businesses with a large number of retail clients looking to easily invest in digital assets safely and securely.”

Mike Belshe, CEO, BitGo, said:

“Bitcoin IRA delivers an innovative retirement platform and, with our industry-leading technology and practices for security, custody, and compliance, we have built the industry’s best offering for retail investors who want to make digital assets a part of their retirement investment strategy.”

Bitcoin IRA’s Digital IRA division will be handling all administrative responsibilities including retirement plan administration, transfer application process, BSA/AML compliance, and transaction monitoring.

ABOUT BITCOIN IRA
Bitcoin IRA, available at bitcoinira.com, is the world’s first, largest and most secure digital asset IRA company that allows clients to purchase cryptocurrencies and other digital assets for their retirement accounts.

The company provides a trading platform for self-directed retirement accounts which allows clients to set up a qualified digital asset IRA account, transfer funds from an existing IRA custodian, execute trades in real-time 24/7 through a leading exchange and then move the funds into an industry-leading multi-signature digital wallet from BitGo, Inc.

Since 2016, Bitcoin IRA has processed over $350 million in investments, gained over 4,000 clients and received more than 400 5-star client reviews. The company has been featured extensively in the media, with coverage in Forbes magazine, CNBC, and The Wall Street Journal, among other publications.

Bitcoin IRA is a financial services technology provider and as such is not a financial adviser, cryptocurrency, exchange, custodian, wallet provider, initial coin offering (ICO), or money transmitter. Bitcoin IRA is privately funded and based in Los Angeles. It is currently exploring investment capital.

Learn more about Bitcoin IRA at bitcoinira.com or call 866-333-4307.

ABOUT BITGO
BitGo is the market leader in digital asset financial services, providing institutional investors with security, custodial, and liquidity solutions. BitGo is the world’s largest processor of on-chain bitcoin transactions, processing 15% of all global Bitcoin transactions, and $15 billion per month across all cryptocurrencies. The company supports over 100 coins and tokens and has over $2 billion in assets in wallet. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and spans more than 50 countries. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo is backed by Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity Partners.

Press Release: Bitcoin IRA Adds Digital Gold To Its Self-Trading Retirement Platform

LOS ANGELESFeb. 13, 2019 /PRNewswire/ — BitcoinIRA.com, the world’s first and largest digital asset IRA company that allows customers to purchase cryptocurrencies and other digital assets for their retirement accounts, has announced it is adding Digital Gold (DG) to its platform. Digital Gold is the first-of-its-kind to be offered in a retirement setting and it is eligible for purchase today on its proprietary self-trading IRA platform.

Digital Gold is an innovative, proprietary solution that allows customers to instantly buy and sell investment-grade, pure physical gold 24/7. Digital Gold combines the stability of gold with the speed of ETFs, and customers have 100 percent direct ownership of their physical gold. The product is the most cost-effective physical gold IRA asset now available on the market because it removes the large markups and transaction costs found with traditional gold sellers.

Customers always maintain the title to their real gold through a cryptographically-secure blockchain database that investors can utilize to verify ownership. Their physical gold is securely stored in the vaults of the Royal Canadian Mint and is fully deliverable upon request at any time. The product is insured, cost-effective and has a fully transparent, 24/7 settlement process.

BitcoinIRA.com’s Digital Gold is developed in a strategic alliance with Dillon Gage Metals, one of the world’s largest precious metals wholesale firms and leading technology innovator in the industry.

Mark Furmanek, chief operating officer at Dillon Gage Metals said, “I am excited to provide strategic support to BitcoinIRA.com‘s newest product, our 40 years of experience in physical precious metals and our investment into technology has the making of a strong alliance.”

BitcoinIRA.com’s COO and co-founder Chris Kline added, “We are proud to expand our product offering with the launch of Digital Gold and to have Dillon Gage Metals as our strategic provider. Before this innovation gold buyers had to choose between dollar-derived proxy ETF certificates or slow, expensive physical gold. We are disrupting the industry by offering the best of both products and making them tradeable 24/7 on our propriety IRA platform.”

Digital Gold joins 8 other digital assets available on BitcoinIRA.com’s platform including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Stellar Lumens (XLM) and Zcash (ZEC).

Consumers can self-trade Digital Gold and cryptocurrencies inside the BitcoinIRA.com platform today by visiting bitcoinira.com/digital-gold.

About BitcoinIRA.com

BitcoinIRA.com is the world’s largest and most secure technology company that allows customers to purchase cryptocurrencies and other digital assets for their retirement accounts. The company offers full-service and self-service options which include setting up a qualified digital asset IRA account, rolling over funds from an existing IRA custodian, executing a live trade on a leading exchange and then moving funds into an industry-leading multi-signature digital wallet.

Since 2016, BitcoinIRA.com has processed over $300 million in investments, gained nearly 5,000 customers and received more than 400 5-star customer reviews. The company has been featured extensively in the media, with coverage in Forbes magazine, CNBC, and The Wall Street Journal, among other publications.

BitcoinIRA.com is a fintech service provider and as such is not a financial adviser, cryptocurrency, exchange, custodian, wallet provider, initial coin offering (ICO), or money transmitter. BitcoinIRA.com is privately funded and based in Los Angeles.

Learn more about BitcoinIRA.com at https://bitcoinira.com or call 877-936-7175.

About Dillon Gage Metals

Dillon Gage Inc. of Dallas (DillonGage.com), founded in 1976, companies include:

Dillon Gage Metals (www.DillonGage.com), one of the world’s largest precious metals wholesale trading firms. The firm is an authorized purchaser for all major world mints and maintains inventory in over 20 countries around the world. Additionally, the company provides advanced tools and technologies that enable market participants to be more successful in their businesses, allowing electronic trading and offering cloud-based solutions for the physical precious metals marketplace. 800-375-4653

FizTrade Online Trading (www.FizTrade.com) offers a real-time bid/ask trading platform for gold, silver, platinum and palladium. 800-375-4653.

Dillon Gage Refining (www.dillongage.com/refining/why-dg), professional assayers and refiners of precious metal scrap, from low grade to karat scrap. Stone removal services and diamond experts on staff. 888-436-3489.

CONTACT: Mike Schrobo, [email protected]

SOURCE Bitcoin IRA

Related Links

https://www.bitcoinira.com

ripple-take-over-SWIFT

Ripple May Be Able to Overtake SWIFT – Here’s Why

Ripple may be about to turn the Society for Worldwide Interbank Financial Telecommunication (SWIFT) upside down.

Blockchain startup Ripple and it’s cryptocurrency XRP have been snagging high profile headlines for months now. After making waves in September when it briefly overtook Ethereum as the number two traded crypto as the price spiked up to $0.76, experts took notice, with many predicting that XRP may break the $1 mark by the end of 2018.

While that prediction hasn’t come to fruition just yet, there have been rumors of a different sort swirling lately. Some predict that Ripple may be poised to replace longstanding traditional financial tool, SWIFT.

What is Ripple?

Ripple and XRP are a bit different than other cryptocurrencies. Yes, XRP is a coin, but it isn’t mined like Bitcoin. Instead, it was issued by Ripple at its inception, who decided on a set amount of coins to create, in this case 100 billion.

Another thing that’s different about XRP is that it isn’t used to purchase good and services like other coins. Instead, financial institutions trade the currency between one another to transfer money quickly. Banks like Ripple’s system and XRP because their customers like it: XRP facilitates money transfers cheaply and in a matter of seconds or minutes. Before, international money transfers could take days to clear and were expensive.

That convenience has an increasing number of banks contracting Ripple for their services, raising speculation that XRP transfers are poised to overtake the current system, SWIFT,

What is SWIFT?

SWIFT is an acronym for Society for Worldwide Interbank Financial Telecommunication, a system used by banks to transfer money for nearly five decades now. Launched in 1973 with just over 200 participating banks, SWIFT now boasts more than 11,000 financial institutions using their system to exchange 15 million secure messages each day.

That number may be starting to shrink, however. According to Ripple CEO Brad Garlinghouse, Ripple now provides services for more than 100 banks that would otherwise be on the SWIFT network.

“The technologies that banks use today that Swift developed decades ago really hasn’t evolved or kept up with the market,” Garlinghouse recently told Bloomberg TV. “Swift said not that long ago they didn’t see blockchain as a solution to correspondent banking. We’ve got well over 100 of their customers saying they disagree.”

All of this comes among speculation among blockchain industry experts of a potential buy out of Ripple by SWIFT, ostensibly with the aim of slowing down Ripple’s growing progress.

The rise of Ripple and their increasing role as a player in the financial transfer services industry hasn’t escaped the notice of SWIFT. As early as 2015, SWIFT began looking into adopting blockchain technology for use on its network. Though the results were reportedly positive, SWIFT decided that it wasn’t the right time to make a major switch.

Whether or not that decision turns out to be fateful inflection point remains to be seen. In the meantime, Garlinghouse isn’t pulling any punches about Ripple and XRP’s ultimate goals.

“What we’re doing and executing on a day-by-day basis is, in fact, taking over Swift,” he said.

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Millennial Students Demand Blockchain and Crypto Courses

Earlier this spring, hundreds of University of California, Berkeley students were turned away when they attempted to register for popular new crypto courses.

Dawn Song, a computer science professor at University of California, Berkeley, co-instructed a class during spring semester of 2018 called “Blockchain, Cryptoeconomics, and the Future of Technology, Business and Law.” A collaboration between the school’s computer science, business, and law schools, it admitted students from each school in equal amounts, but that still wasn’t enough to satisfy demand.

Song says the course was “hugely popular,” and notes the school was forced to turn down more than 200 students for a classroom that could only seat seventy.

It’s a scene playing out in dozens of universities across the United States as more and more campuses begin to meet a rising demand for an education in blockchain.

Student Interest High

A study conducted for Coinbase by research firm Qriously found that, in a survey of 675 students, nearly 10% had already taken a cryptocurrency course.

A potential reason for the strong enthusiasm about blockchain in education is its potential, already being seen in its impact across financial markets and other aspects of society.

“[Blockchain] can have really profound and broad-scale impacts on society in many different industries,” says Song. “Blockchain combines theory and practice and can lead to fundamental breakthroughs in many research areas,” she said.

Qriously also found that, of those same students surveyed, 17% percent of them stated that their knowledge of blockchain and cryptocurrency is “very good,” compared to just nine percent of the general population. This mirrors the fact that 18 percent of students said they own (or have owned) cryptocurrency, also twice the rate of the general population.

A quarter of all students said they would definitely or probably take a course focused on cryptocurrency or blockchain.

Universities Scramble to Meet Demand

The Qriously survey also found that, of America’s top fifty universities, 42 percent of them offer at least one class on blockchain or cryptocurrency, and 22 percent offer more than one. When those results are expanded to include foundational classes on cryptography, an underlying technology of blockchain, 70 percent of universities offer at least one crypto-related class.

There are now dozens of blockchain and crypto courses offered nationwide, with new ones being added all the time. Johns Hopkins University offers a business course in which students study “the potential benefits and weaknesses of [blockchain’s] fundamental structure as applied to businesses and organizations.” At Princeton, students are offered an information-security class focused on secure computing systems, cryptocurrencies, blockchain, and related economics, ethics, and legal issues. Cornell offers “Anthropology of Money” and “Introduction to Blockchains, Cryptocurrencies, and Smart Contracts,” which covers the cryptocurrency bitcoin and “the technological landscape it has inspired and catalyzed,” according to the class catalog.

crypto-blockchain-universities
crypto-blockchain-universities

Looking Ahead

To better prepare future job seekers, universities are expanding to offer even more classes in the future. Stanford launched its Center for Blockchain Research to bring together faculty and students across multiple school departments to work on various aspects of blockchain and cryptocurrencies.

And it looks like the focus on these classes pays more than just financial dividends. Professor of computer science and electrical engineering at Stanford University and co-director of the center Dan Boneh says that he finds himself walking away with three new research ideas every time he talks with a new team in the group.  “There are new technical questions being raised by blockchain projects that we would not work on otherwise,” says Boneh.

Campbell Harvey, a Duke professor of international business adds “You need to prepare your students for the future…blockchain is not going away.”

bitcoin-ira-self-trader

Press Release: BitcoinIRA.com Launches the World’s First 24/7 Self Trading Platform for Retirement Accounts

LOS ANGELESDec. 5, 2018 /PRNewswire/ — BitcoinIRA.com, the world’s largest and most secure cryptocurrency platform that allows customers to purchase Bitcoins and other cryptocurrencies for their retirement accounts, has launched the first self-trading platform for retirement accounts, called the BitcoinIRA.com Self-Trader™.

BitcoinIRA.com’s Self-Trader enables customers to buy, sell and swap cryptocurrencies directly inside their retirement accounts, 24 hours a day, 7 days a week. Multiple coins can be purchased at once to provide an easier experience for customers.

bitcoin-ira-first-trading-platform

BitcoinIRA.com’s original managed service and all-new Self-Trader use best-in-class storage and security, including multi-signature “cold storage” digital wallets. BitcoinIRA.com also has a top-level BSA/AML compliance program, two-factor authentication and a $1 million Consumer Protection insurance policy.

“This is a game changer. No other company currently offers this,” said BitcoinIRA.com’s Co-founder and COO Chris Kline. “We are continuing to provide innovative, trusted and fully-compliant solutions in the retirement space that offer consumers truly unique opportunities to capitalize on digital asset investments. Our Self-Trader exemplifies our mission and cements us as the leading cryptocurrency IRA platform.

In addition to BitcoinIRA.com’s Self-Trader, the company has launched a full website redesign to BitcoinIRA.com which includes a faster and easier application process, a trading simulator, improved real-time cryptocurrency price charts, a knowledge center, order history reporting and much more. The company now allows consumers to trade 8 leading cryptocurrencies, including recently announced Zcash and Stellar Lumens. It also offers Digital Gold and a non-retirement option that helps consumers purchase, trade and store cryptocurrency in a cash account.

Consumers can use the 24/7 Self-Trader, brand new website and faster online application process through its website at https://bitcoinira.com.

About BitcoinIRA.com

BitcoinIRA.com is the world’s largest and most secure cryptocurrency IRA platform that allows customers to purchase Bitcoins and other cryptocurrencies for their retirement accounts 24 hours a day, 7 days a week. The company offers full-service and self-service options which include setting up a qualified cryptocurrency account, rolling over funds from an existing IRA custodian, executing a live trade on a leading exchange and then moving funds into an industry-leading multi-signature digital wallet.

Since 2017, BitcoinIRA.com has processed over $300 million in investments, gained more than 3,000 customers, and received more than 600 customer reviews. The company has been featured extensively in the media, with coverage in Forbes magazine, CNBC, and The Wall Street Journal, among other publications.

BitcoinIRA.com is a fintech service provider and as such is not a financial adviser, cryptocurrency, exchange, custodian, wallet provider, initial coin offering (ICO), or money transmitter. BitcoinIRA.com is privately funded and based in Los Angeles.

CONTACT: Mike Schrobo, [email protected]

SOURCE Bitcoin IRA

Related Links

https://www.bitcoinira.com