Vaultoro, banking 2.0 platform, raises first $50,000 in 24 hours with online investment campaign

By: Vaultoro
 
LONDON - Aug. 14, 2015 - PRLog -- London, England: Vaultoro is pleased to announce the kickoff of its BnkToTheFuture online investment campaign (https://bnktothefuture.com/pitches/2206/_vaultoro-banking-2-0-platform-combining-the-safety-of-gold-with-the-speed-of-bitcoin.html). Founded in February 2015, Vaultoro is a “Banking 2.0” gold/bitcoin trading exchange. Its innovative platform is pushing banking possibilities to the next level, enabling high net-worth individuals as well as the unbanked in developing countries the opportunity to trade and own investment-grade gold anywhere, anytime, instantly all without using the legacy banking system.

Precious metals — and gold especially — have been traditionally solid ways to preserve wealth. Combining the security of gold with the instant portability of bitcoin is an idea that is growing in popularity. According to co-founder Joshua Scigala, the Vaultoro exchange has been growing by 91% per month in trading volume and 29% per month in user acquisition.

Max Keiser and Simon Dixon of Bitcoin Capital fund were among the first investors to take advantage of this investment opportunity:

“By combining the safety of Gold with the speed of Bitcoin, I can think of many ways how that combination can change finance forever. I am delighted to invest in Vaultoro both personally and through Bitcoin Capital our VC fund managed by Max Keiser and myself. It is also great to bring this opportunity to investors on BnkToTheFuture.com' “ — Simon Dixon

The target of the investment campaign is to raise $780,000 USD in exchange for 25% total of Vaultoro’s shares. Funds will be dedicated to the further development of Vaultoro’s platform and expansion of its global reach, thereby making trading accessible to more people, especially in the unbanked regions of the world. To that end, the company hopes to be able to provide services in several different languages and develop a phone app that will give people instant access to private and secure assets.

"With the power of bitcoin, gold can become a worldwide spendable asset. Our goal is to provide a transparent, secure and inclusive platform for everybody, including the 2.5 billion unbanked to herald in not only the rise of micro-payments but also micro-savings accounts." - Joshua Scigala, co-founder.

About Vaultoro:Vaultoro (https://www.vaultoro.com/) is a real-time Bitcoin gold exchange that allows its users to convert their Bitcoins instantly to gold and back alleviating volatility risk for Bitcoin users. Vaultoro’s “bank independent trading” allows users to trade gold confidently, in amounts as small as 0.001 gram. Users’ assets are insured and stored safely in top-tier vaults located in Switzerland. Vaultoro provides users the ability to verify their gold holdings via proof of reserves and proof of audit using third-party providers.

In March 2015,  Vaultoro took steps to maximize its transparency when it announced its integration with Factom (http://blog.vaultoro.com/2015/03/25/vaultoro-partners-wit...), allowing it to provide customers with proofs of their reserves and user transactions. In partnership with Shapeshift.io, the company also allows users to exchange a variety of cryptocurrencies for gold.

About BnkToTheFuture: BnkToTheFuture.com is a global online investment platform that allows qualifying investors to invest in financial innovation including FinTech (Financial Technology) companies, funds and other new alternative financial products.

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Source:Vaultoro
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Tags:Bitcoin, Gold, Microsavings
Industry:Financial
Location:London City - London, Greater - England
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