Australia’s largest Bitcoin company has introduced Hedged Accounts, giving users of Bitcoin the ability to peg the price of the digital currency against the fiat currency of their choice.
Announced yesterday at tech innovation conference Finovate, CoinJar’s Hedged Accounts will allow users to transfer Bitcoins at the same worth they hold today. The Australian Dollar, US Dollar, Great British Pound or the Euro will be able to be held on Hedged Accounts.
“While some users enjoy the speculative aspects of Bitcoin, there are others who would like to hold Bitcoin without worrying too much about the volatility,” CoinJar CEO Asher Tan said.
“Hedged Accounts makes Bitcoin a more stable currency, and more useful to more people.”
No additional charges or time limit will be imposed on CoinJar’s Hedged Accounts, plus users will be able to change the value of the digital currency at any time.
CoinJar users making transactions with a CoinJar Swipe EFTPOS card are also to benefit, with the ability to transfer amounts from Hedged Accounts to Swipe accounts.
