According to a recent blog post, it seems like the European payment processor Cashila has decided to partner up with Bitnik Reload, a service that will automatically rebuy all the bitcoin that clients spend at Cashila, via their preferred exchanges.
To put things better into perspective, the reasoning behind this partnership is to help users keep a constant bitcoin balance in their Cashila account, which they can use whenever they’d like to make payments, without having to worry about running out of bitcoin.
The service works by keeping an eye over on the user’s bitcoin addresses, and making automated purchases, whenever one of the addresses spends money. Purchases will always be made from a local bitcoin exchange, and will feature some of the best prices available on the market. As an additional feature, users will also be able to make transfers to Eurozone countries, and get the best prices.
According to Jani Valjavec, the co-founder of Cashila, “We believe that we have to support Bitcoin’s day-to-day usage, since it is the only way to spread mass adoption. With Cashila and Reload you can now start using your bitcoins and never worry about your supply or volatility again. Pay your bills with Cashila and leave Reload to reliably and automatically repurchase spent bitcoins for you in seconds.”
Based on everything that has been outlined so far, what do you personally think about Reload, Cashila’s newest feature? Let us know your thoughts in the comment section below.
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