Bankcoin Reserve's Patented Product Promises Huge Potential
An opportunity to maximize growth and expansion
Brisbane, QLD -- (SBWire) -- 10/28/2014 --Banks across the world now have something unique to look forward to, a mechanism that will transform the manner in which they conduct their business and give them an opportunity to explore untapped markets.
Bankcoin Reserve of Australia has now made its patented product accessible to banks giving them the tried and tested alternative they need to foster growth. Traditional bank transactions which enable a bank to render its services often come with a liability that restricts a bank’s reserves and compels it to use its existing reserves to make arrangements to accommodate such services. The down side to this approach is, considering how volatile world markets are, banks are left no choice but, to undertake a huge risk.
With this new approach, banks can acquire Bankcoin’s value of the deposit accepted by customers and then proceed to mint an equal amount as per the levied interest rate. This way, by the time the term deposit comes to a close, the bank will have the adequate reserves to make the payment and not have to rely on its resources to fill the gap.
Bankcoin Reserve’s Chairman Gary McAlister is also in conversations with those in the Islamic banking sector as this new product does not have an interest component, what is seen to be interest/usury is actually the minting of new coin. What this means is banks all around the world can adopt this new product and attract those in the Islamic sector and give them the opportunity to open up savings and term deposits at their banks. This is a huge untapped market.
This is great news for banks in the US as well which have been affected by the recent economic meltdown. The 400 distressed banks which were badly hit can use this opportunity to bounce back and rebuild their businesses.
About Bankcoin Reserve
The Bankcoin Reserve (BCR) does not sell Bankcoin; it was instituted to provide the Bankcoin community with security and a stable price & mechanism. The Bankcoin Reserve has 10M Bankcoin as a security position should any issues arise throughout the Bankcoin network.
The Bankcoin Reserve is a self-regulated Reserve and complies with all national and international regulations. Talks are currently being arranged with the FDIC to discuss this new product, insurance etc. To know more and to get in touch with a spokesperson, you can write to email@example.com
Bankcoin Reserve, BCR
51 Adelaide Street Brisbane,
Queensland, Australia, 4001
Nina Taylor, Enquires
Phone: (61) 0403963399
Media Relations Contact
Bankcoin Reserve, BCR
61 0466 826 313
View this press release online at: http://rwire.com/557316