(Last Updated On: May 19, 2014)

Halsey Minor CNET founder announces to launch Bitreserve which is a new low-cost payments platform for both Bitcoin and fiat currency. The main motive of Bitreserve is to focus on issues related to Bitcoin’s volatility, transactional traceability, real-time transparency, and proof of solvency.

According to Minor, executive chairman of the company made the following statement in regards to the new platform:

Bitcoin is a remarkable innovation, created and supported by lots of very smart people,” Minor said. “Bitreserve is built on top of the bitcoin network, allowing members to convert bitcoin into money they know, trust and understand.

What makes Bitreserve different from Other exchangers of Bitcoin online? It offers the ability of transparency.