Though the Bitcoin prices have been falling over one and half year, BTCFlap is offering 15% above Blockchain’s official rate from June 7th to June 30th to customers. The company says that it is aiming high achievements for which it is essential that it offers best in the industry prices for the sellers of Bitcoin; thus, it is part of its business strategy to give 15% more.
In a press release, Paul Goldwin, founder and CEO of BTCFlap says:
Our main focus is purchasing as much Bitcoin as we can. We are on a budget but haven’t reached its bottom yet. We cannot go public with our future business plan at the moment because it is easy to have competitors steal our ideas and we don’t want that to happen. People may be asking what do we have in mind and many have been wondering if this business makes any sense, as we’re buying expensive Bitcoin, but we have a strategy behind all this and we are confident we’ll surprise the market in a very good way soon.
Paul Goldwin says that his company is planning on a business that will bring even more value to the cryptocurrency market. BTCFlap, a leading the cryptocurrency trader, operating from New York, has always been a company that went one step ahead when it came to offering best prices for Bitcoin. The latest decision is an affirmation of its goal to remain competitive.
Now, it is taking a bold strategy within the current Bitcoin market conditions as the price of Bitcoin is slowly but continuously going down. However, BTCFlap is still purchasing Bitcoin for even higher amounts than those they were offering within the previous months. It is part of its goal to acquire as many Bitcoin as possible.
Aims to Buy 5000 Bitcoins by the End of August 2015
Even the company understands that there will be questions raised about its intentions that the company is on Bitcoin buying spree. However, it clears that as BTCFlap is run by a handful of people who have financial and economic background and are confident they know what they are doing, there is nothing abnormal about the practice.
Nonetheless, the company’s representatives declared to have purchased over 15000 BTC so far and target the acquirement of another 5000 by the end of August 2015. While investments are in excess of USD 3 Mil already, the company is going out on the market for more, offering even higher rates for Bitcoin purchase.
To contact the reporter of this story: Deepak Tiwari at email@example.com