Texas-based startup Harborly launches Bitcoin Retail Service


Texas-based startup Harborly launches Bitcoin Retail Service

Though Harborly already operates in Canada, the Texas-based startup Harborly has ambitious plans and towards that it has first launched its Bitcoin retail service in the United States. In the second step, the company will expand its operations in India, another attractive market which every Bitcoin company is eyeing for.

Nonetheless, the Bitcoin retain services from the company will be the first U.S. Bitcoin-buying service to offer users the ability to lock their Bitcoin to a fixed U.S. dollar exchange rate when it launches the feature in June. This feature has long been in demand for it provides excellent security to the customers who don’t wish their investment loses value over time.

In a statement to the media the company says that though it is a young startup, it yet hopes to accomplish its ambitious global vision with regional advisers who will help it find banking partners. They are also expected to help Harborly adjust its business model for each region and customize its services to meet the specific requirements from local customers.

Additionally, Harborly makes it clear that the advisers like AlemHealth founder Aschkan Abdul-Malek, KCP Capital Managing Director Roderik van der Graaf; Afrasia Development Corp. Chairman Pierre Gussing, ex-Deutsche Bank executive Jordan Himel and Tauil & Chequer Advogados Rio de Janeiro partner Salim Saud Neto, etc. are going to help it realize the dream.

Will Charge One Percent Fee plus a 25-Cent Bank Fee for Bitcoin Purchases

Thought the Bitcoin startup claims to have a close relationship with its U.S. banking partner, the company does not want to reveal which bank it is going form alliance with. Elaborating the charges the company says that it will charge a one percent fee plus a 25-cent bank fee for Bitcoin purchases.

The customers in Texas and California will be able to access the company, initially. However, later on it plans on expanding to nine additional states. Talking about the expansion plan Black, who is also the company’s CEO says that Harborly’s goal is to make buying, selling and using digital currency as easy and attractive as possible.

He is of the view that his company aims to provide a new, competitive alternative in the Bitcoin retail space in the US market. Additionally, as it secures a foothold and gains market share, it plans to launch additional innovative Bitcoin products, such as locked Bitcoin wallets.

To contact the reporter of this story: Deepak Tiwari at deepak@forexminute.com