BTCDelta Is Leading the Charge to Bring Bitcoin to Mainstream Consumers

Corporations
and
small entrepreneurs around the world are making Bitcoin more
accessible and incorporating the digital currency into the market
every day. A Bitcoin wallet,
Coin Pocket, showed up on Apple’s app store for the first time
yesterday.
Expedia just became the first major travel agency to accept
Bitcoin last week. Now Delta Financial wants to bring the
mainstream consumer a service that is essential to any capital
market—savings accounts.

BTCDelta is a web service
that allows you to invest both Bitcoin and U.S. dollars (USD).
Interest rates will be in constant fluctuation, but there is a
guaranteed minimum effective interest rate of 5 percent. The
interest period is 24 hours, and the amount earned is paid to the
investor at the end of every period.

BTCDelta also provides a marginal trading platform to help
people make money by trading Bitcoin against the dollar. The system
they have in place ensures liquidity, finds the best prices on
reliable Bitcoin exchanges, and offers 5x leverage to individuals
that are experienced in currency trading. Once a person makes a
marginal deposit, BTCDelta will lend up to five times the deposited
amount to that person for trading. The investor will then be able
to take both short and long positions on the currencies, switching
value in between Bitcoin accounts and USD accounts depnding on
whether he or she thinks the Bitcoin price will go up or down.
Euwyn Poon, co-founder of the company, told
Coindesk, “So deposit accounts reward
savers, and on the flip side, active margin traders can take out
loans with up to five times leverage.”

Following the
disaster at Mt. Gox, where hundreds of millions of dollars
worth of Bitcoin mysteriously disappeared, people are wary of
giving up control over their Bitcoin. After all, one of the most
appealing aspects of the digital currency is its decentralized
nature. BTCDelta says it is ensuring protection from theft by
keeping most of the funds off-line in cold storage, using encrypted
SSL
(HTTPS), and allowing investors to use two-factor authentication
for added security. 

Bitcoin has maintained a position on the fringe of our economy
for most of its existence, but services such as BTCDelta—along with
Bitcoin wallets on smartphones and acceptance by prominent
companies—will play an enormous role in the introduction of digital
currencies into mainstream society.