29 Jul '14, 5am

Coinapult Launches LOCKS, a Tool to Eliminate Bitcoin Price Volatility

Coinapult Launches LOCKS, a Tool to Eliminate Bitcoin Price Volatility

Bitcoin’s price volatility has long been viewed as one of the biggest barriers to mainstream consumer adoption, but while a long-recognized problem, the issue has yet to be addressed by any specific market solutions. That is set to change, however, with the introduction of a new service from Panama-based bitcoin wallet provider Coinapult . Called LOCKS, the offering allows users outside the US to peg the value of their BTC to the price of gold, silver, British pounds, US dollars and euros. Coinapult CEO Ira Miller told CoinDesk that despite suggestions that consumers in the developed world may be less concerned with bitcoin’s volatility, this doesn’t mean that the bitcoin industry shouldn’t move to address this potential pain point in a bid to better court the market. Miller explained: “I think that [global consumers] have a higher tolerance for [price volatility] because ...

Full article: http://www.coindesk.com/coinapult-launches-locks-tool-eli...

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