CoinJar to put brakes on Bitcoin volatility | The Courier-Mail

CoinJar to put brakes on Bitcoin volatility | The Courier-Mail

Australian Bitcoin start-up CoinJar has taken on one of Bitcoin’s chief criticisms, allowing consumers and businesses to bypass the cryptocurrency’s volatility and peg its price against a currency of their choice.Hedged Accounts was unveiled on stage at Europe’s biggest financial technlogy conference Finovate, and means that for example if a user holds $400 worth of Bitcoin in Australian dollars, they can access $400 worth of Bitcoins in future.Bitcoin itself has seen wild volatility in recent months, crashing from a value of over $1000 per Bitcoin to under $300 this month.

Source: CoinJar to put brakes on Bitcoin volatility | The Courier-Mail

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