PRESS

Latest news and press releases about bilur




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ATMChain Foundation invests EUR 15 MM in RFintech

ATMChain Foundation, a foundation sponsored by Jiangsu Huaxin Blockchain Research Institute of China (JBI), acquires 7.5 million shares of RFintech for a total consideration of EUR 15 million. Following the recent signature of a strategic partnership between RFintech and JBI, ATMChain will acquire c. 5.4% of the R Fintech group, for a total value of EUR 15 million. RFintech and ATMChain will collaborate in the development of the next generation of distributed ledger technology, starting with ATMChain’s “blockchain+media” platform. As a result of this new partnership, RFintech will become part of the team to build the ATMChain global ecosystem and help the company complete its strategic presence in the blockchain ecosystem in Asia. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico City and Buenos Aires. In addition, RFintech’s business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

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ATMChain Foundation invests EUR 15 MM in RFintech

ATMChain Foundation, a foundation sponsored by Jiangsu Huaxin Blockchain Research Institute of China (JBI), acquires 7.5 million shares of RFintech for a total consideration of EUR 15 million. Following the recent signature of a strategic partnership between RFintech and JBI, ATMChain will acquire c. 5.4% of the R Fintech group, for a total value of EUR 15 million. RFintech and ATMChain will collaborate in the development of the next generation of distributed ledger technology, starting with ATMChain’s “blockchain+media” platform. As a result of this new partnership, RFintech will become part of the team to build the ATMChain global ecosystem and help the company complete its strategic presence in the blockchain ecosystem in Asia. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico City and Buenos Aires. In addition, RFintech’s business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

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ATMChain Foundation invests EUR 15 MM in RFintech

ATMChain Foundation, a foundation sponsored by Jiangsu Huaxin Blockchain Research Institute of China (JBI), acquires 7.5 million shares of RFintech for a total consideration of EUR 15 million. Following the recent signature of a strategic partnership between RFintech and JBI, ATMChain will acquire c. 5.4% of the R Fintech group, for a total value of EUR 15 million. RFintech and ATMChain will collaborate in the development of the next generation of distributed ledger technology, starting with ATMChain’s “blockchain+media” platform. As a result of this new partnership, RFintech will become part of the team to build the ATMChain global ecosystem and help the company complete its strategic presence in the blockchain ecosystem in Asia. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico City and Buenos Aires. In addition, RFintech’s business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

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ATMChain Foundation invests EUR 15 MM in RFintech

ATMChain Foundation, a foundation sponsored by Jiangsu Huaxin Blockchain Research Institute of China (JBI), acquires 7.5 million shares of RFintech for a total consideration of EUR 15 million. Following the recent signature of a strategic partnership between RFintech and JBI, ATMChain will acquire c. 5.4% of the R Fintech group, for a total value of EUR 15 million. RFintech and ATMChain will collaborate in the development of the next generation of distributed ledger technology, starting with ATMChain’s “blockchain+media” platform. As a result of this new partnership, RFintech will become part of the team to build the ATMChain global ecosystem and help the company complete its strategic presence in the blockchain ecosystem in Asia. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico City and Buenos Aires. In addition, RFintech’s business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

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ATMChain Foundation Invests EUR 15 MM in RFintech

ATMChain Foundation, a foundation sponsored by Jiangsu Huaxin Blockchain Research Institute of China (JBI), acquired 7.5 million shares of RFintech for a total consideration of EUR 15 million. RFintech and ATMChain will collaborate in the development of the next generation DLT, starting with ATMChain’s "blockchain+media" platform. ATMChain is a safe and highly reliable transaction system that combines blockchain network with digital media distribution. It created the new strategy of "blockchain+media" to explore the economic value of people’s attention in a profound manner and turn media assets into the digital form. As a result of this new partnership, RFintech will become part of the team to build the ATMChain global ecosystem and help the company complete its strategic presence in the blockchain ecosystem in Asia. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico (DF), and Argentina (Buenos Aires). In addition, RFintech’s business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

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ATMChain Foundation Invests EUR 15 MM in RFintech

ATMChain Foundation, a foundation sponsored by Jiangsu Huaxin Blockchain Research Institute of China (JBI), acquired 7.5 million shares of RFintech for a total consideration of EUR 15 million. RFintech and ATMChain will collaborate in the development of the next generation DLT, starting with ATMChain’s "blockchain+media" platform. ATMChain is a safe and highly reliable transaction system that combines blockchain network with digital media distribution. It created the new strategy of "blockchain+media" to explore the economic value of people’s attention in a profound manner and turn media assets into the digital form. As a result of this new partnership, RFintech will become part of the team to build the ATMChain global ecosystem and help the company complete its strategic presence in the blockchain ecosystem in Asia. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico (DF), and Argentina (Buenos Aires). In addition, RFintech’s business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

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ATMChain Foundation Invests EUR 15 MM in RFintech

ATMChain Foundation, a foundation sponsored by Jiangsu Huaxin Blockchain Research Institute of China (JBI), acquired 7.5 million shares of RFintech for a total consideration of EUR 15 million. RFintech and ATMChain will collaborate in the development of the next generation DLT, starting with ATMChain’s "blockchain+media" platform. ATMChain is a safe and highly reliable transaction system that combines blockchain network with digital media distribution. It created the new strategy of "blockchain+media" to explore the economic value of people’s attention in a profound manner and turn media assets into the digital form. As a result of this new partnership, RFintech will become part of the team to build the ATMChain global ecosystem and help the company complete its strategic presence in the blockchain ecosystem in Asia. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico (DF), and Argentina (Buenos Aires). In addition, RFintech’s business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

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ATMChain Foundation Invests EUR 15 MM in RFintech

ATMChain Foundation, a foundation sponsored by Jiangsu Huaxin Blockchain Research Institute of China (JBI), acquired 7.5 million shares of RFintech for a total consideration of EUR 15 million. RFintech and ATMChain will collaborate in the development of the next generation DLT, starting with ATMChain’s "blockchain+media" platform. ATMChain is a safe and highly reliable transaction system that combines blockchain network with digital media distribution. It created the new strategy of "blockchain+media" to explore the economic value of people’s attention in a profound manner and turn media assets into the digital form. As a result of this new partnership, RFintech will become part of the team to build the ATMChain global ecosystem and help the company complete its strategic presence in the blockchain ecosystem in Asia. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico (DF), and Argentina (Buenos Aires). In addition, RFintech’s business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

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ATMChain Foundation Invests EUR 15 MM in RFintech

ATMChain Foundation, a foundation sponsored by Jiangsu Huaxin Blockchain Research Institute of China (JBI), acquired 7.5 million shares of RFintech for a total consideration of EUR 15 million. RFintech and ATMChain will collaborate in the development of the next generation DLT, starting with ATMChain’s "blockchain+media" platform. ATMChain is a safe and highly reliable transaction system that combines blockchain network with digital media distribution. It created the new strategy of "blockchain+media" to explore the economic value of people’s attention in a profound manner and turn media assets into the digital form. As a result of this new partnership, RFintech will become part of the team to build the ATMChain global ecosystem and help the company complete its strategic presence in the blockchain ecosystem in Asia. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico (DF), and Argentina (Buenos Aires). In addition, RFintech’s business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

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Asian Blockchain Ecology optimistic, RFintech invests 15 million euros to participate in ATMChain ICO

The application of blockchain in real life may seem a long distance away; however, blockchain in the field of digital money has developed to the point of full swing. Through the issue of encrypted tokens, blockchain has produced a new thing: ICO (initial coin offering). "China Times" learned that ICO financing has been close to its climax, with every ICO raising tens of millions. RFintech has decided to invest 15 million euros in ATMChain’s ICO. This means that RFintech has officially become a member of ATMChain’s global ecosystem, completing the Asian blockchain ecology strategic layout. Both parties established a rich strategic cooperation. ATMChain, is a safe and highly reliable transaction system that combines blockchain network with digital media distribution. It created the new strategy of “blockchain+media” to explore the economic value of people’s attention in a profound manner and digitize media assets. Soon after its foundation, it has been sought after by investors. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico City and Buenos Aires.

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Asian Blockchain Ecology optimistic, RFintech invests 15 million euros to participate in ATMChain ICO

The application of blockchain in real life may seem a long distance away; however, blockchain in the field of digital money has developed to the point of full swing. Through the issue of encrypted tokens, blockchain has produced a new thing: ICO (initial coin offering). "China Times" learned that ICO financing has been close to its climax, with every ICO raising tens of millions. RFintech has decided to invest 15 million euros in ATMChain’s ICO. This means that RFintech has officially become a member of ATMChain’s global ecosystem, completing the Asian blockchain ecology strategic layout. Both parties established a rich strategic cooperation. ATMChain, is a safe and highly reliable transaction system that combines blockchain network with digital media distribution. It created the new strategy of “blockchain+media” to explore the economic value of people’s attention in a profound manner and digitize media assets. Soon after its foundation, it has been sought after by investors. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico City and Buenos Aires.

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Optimism about blockchain + media

RFintech has decided to invest 15 million euros in ATMChain’s ICO. RFintech and ATMChain will collaborate in the development of the “blockchain+media” ecosystem. This means that RFintech has officially become a member of ATMChain’s global ecosystem, completing the Asian blockchain ecology strategic layout. Both parties established a rich strategic cooperation. ATMChain, is a safe and highly reliable transaction system that combines blockchain network with digital media distribution. It created the new strategy of “blockchain+media” to explore the economic value of people’s attention in a profound manner and digitize media assets. Soon after its foundation, it has been sought after by investors. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico City and Buenos Aires. RFintech’s business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

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RFintech invests € 15 million in ATMChain project

RFintech has decided to invest 15 million euros in ATMChain’s ICO. RFintech and ATMChain will collaborate in the development of the “blockchain+media” ecosystem. This means that RFintech has officially become a member of ATMChain’s global ecosystem, completing the Asian blockchain ecology strategic layout. Both parties established a rich strategic cooperation. ATMChain, is a safe and highly reliable transaction system that combines blockchain network with digital media distribution. It created the new strategy of “blockchain+media” to explore the economic value of people’s attention in a profound manner and digitize media assets. Soon after its foundation, it has been sought after by investors. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico City and Buenos Aires. RFintech’s business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

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ATMChain Foundation invests EUR 15 MM in RFintech

ATMChain Foundation, a foundation sponsored by Jiangsu Huaxin Blockchain Research Institute of China (JBI), acquired 7.5 million shares of RFintech for a total consideration of EUR 15 million. RFintech and ATMChain will collaborate in the development of the next generation DLT, starting with ATMChain’s “blockchain+media” platform. ATMChain, is a safe and highly reliable transaction system that combines blockchain network with digital media distribution. It created the new strategy of “blockchain+media” to explore the economic value of people’s attention in a profound manner and turn media assets into the digitial form. As a result of this new partnership, RFintech will become part of the team to build the ATMChain global ecosystem and help the company complete its strategic presence in the blockchain ecosystem in Asia. RFintech boasts advanced technology and rich marketing experience in high-tech areas such as AI and blockchain. It is devoted to creating new value with new technologies. It has established blockchain-based asset business backed by physical crude oil and other energy assets. It offers this new product, bilur, as the first eCommodity. Bilur will be exchanged in the major foreign exchange markets over the world. RFintech will provide ATMChain with quality resources around the world and decisions have been made to create exchange child nodes in Geneva, Madrid, London, Toronto, the US (New York, Houston and San Francisco), Mexico (DF), and Argentina (Buenos Aires). In addition, RFintech’s business in Asia will be integrated into the ATMChain ecosystem project and ATMChain will adopt ATM bilur as its exchange currency in Europe.

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RFinTech signs agreement with Jiangsu Huaxin Blockchain Research Institute

RFintech, a holding with financial innovation as its mission that has developed products related to the securitization of stored physical energy, and Jiangsu Huaxin Blockchain Research Institute (JBI), a China’s official institution that focus on the development of blockchain technology, have signed an agreement to collaborate in the development of innovative technologies such as distributed computing, quantum cryptography and quantum signatures for the new generation of DLT, among others. Additionally, the parties have agreed to collaborate in the distribution and commercialization of bilur, an eCommodity with an innovative approach since its value is backed up by stored physical energy. Behind each bilur, there are energy commodities in storage, which highly reduces the risk of price volatility and other common problems that affect similar products. The distribution and trading of bilur is done through a blockchain-based platform (bilurmarket.com). In the words of RFintech’s COO Agustín Muñoz, “thanks to this new agreement, RFintech will soar and will be positioned as a world leader in the field of DLT”. “This agreement with JBI will facilitate the commercialization of bilur in China, where the potential is just enormous”, concludes the Director.

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R Fintech and Jiangsu Huaxin Blockchain Research Institute Partner for Innovation Scheme

Last week, blockchain innovation firm R Fintech and the Jiangsu Huaxin Blockchain Research Institute (JBI), China’s official institution for blockchain development, signed an agreement to collaborate on the development of innovations like distributed computing and quantum cryptography to revolutionize the next generation of distributed ledger technology (DLT) protocols. The two organizations have also agreed to collaborate on the distribution and commercialization of Bilur, an ERC20 token with value pegged to oil. Bilur seeks to revolutionize the cryptocurrency market by offering a less volatile alternative currency that is backed by stored energy assets. One Bilur equals one TOE (ton of oil equivalent) or 11.6 MWh of energy. To calculate this, R Fintech referenced S&P Global Platts’ Dated Brent Price Assessment. According to R Fintech’s COO, Agustín Muñoz, the partnership creates a tremendous opportunity for the token. The announcement by R Fintech and JBI coincides with other innovative undertakings currently happening in China. In June, Chinese officials announced details of a plan to reform the country’s financial sector by improving IT infrastructure for Chinese financial service firms. In March, the Chinese Ministry of Industry and Information Technology, with major Chinese industry leaders, submitted a proposal for a blockchain framework for Internet of Things devices called the “Blockchain of Things” or BoT.

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RFinTech signs agreement with Jiangsu Huaxin Blockchain Research Institute

RFintech, a holding with financial innovation as its mission that has developed products related to the securitization of stored physical energy, and Jiangsu Huaxin Blockchain Research Institute (JBI), a China’s official institution that focus on the development of blockchain technology, have signed an agreement to collaborate in the development of innovative technologies such as distributed computing, quantum cryptography and quantum signatures for the new generation of DLT, among others. Additionally, the parties have agreed to collaborate in the distribution and commercialization of bilur, an eCommodity with an innovative approach since its value is backed up by stored physical energy. Behind each bilur, there are energy commodities in storage, which highly reduces the risk of price volatility and other common problems that affect similar products. The distribution and trading of bilur is done through a blockchain-based platform (bilurmarket.com). In the words of RFintech’s COO Agustín Muñoz, “thanks to this new agreement, RFintech will soar and will be positioned as a world leader in the field of DLT”. “This agreement with JBI will facilitate the commercialization of bilur in China, where the potential is just enormous”, concludes the Director.

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Bilur, the cryptocurrency equivalent to one Ton of Oil Equivalent

Bilur, the cryptocurrency equivalent to one Ton of Oil Equivalent, or 11.6MWh of energy, is not three months old yet. Based on a consensus peer-to-peer network, it allows a new and completely decentralized money system. The platform has been developed by Recol Atlas ATS. With this new digital currency, you can purchase, sell and transfer. It does not have transaction costs, but it does have a minimum maintenance cost of 0.01% daily. The minimum investment is 100 US dollars. Bilur’s value is variable and according to the explanation in the website bilurmarket.com, it is calculated daily based on the Standard & Poors’ Platts Dated Brent assessment. For instance, with the average brent price for February 2017, 1 bilur equals 356.45 USD. That’s the main difference with the rest of the cryptocurrencies, it has a real value because it is backed up by energy commodities. In their website, bilur creators explain that bilur is independent, that it has not been created by any financial institution and that it is a system operated and supported by Recol Atlas ATS, a company solely owned by RFintech.

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Cryptocurrencies: Bitcoin and three others

Bilur was born in Spain just a few months ago. The main advantage is its value, around 400 dollars today, linked to a commodity, in this case oil. It is based on blockchain and it is ideal for those looking to invest small amounts.

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The future of virtual currencies, despite the warnings

In their evolution, virtual currencies keep on giving signs of growth, such is the case of the recently created currency named Bilur, whose value is linked to oil prices.

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R Fintech signs agreement with Jiangsu Huaxin Blockchain Research Institute

We are thrilled to announce our new partnership with Jiangsu Huaxin Blockchain Research Institute (JBI). JBI is a leader organization in China concerning blockchain and DLT and the perfect partner to our expertise in finance, energy trading and financial technologies.

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Agustín Muñoz (R Fintech): bilur is the next generation cryptocurrency

Bilur is a new cryptocurrency that offers users and investors an alternative from the huge price volatility of the rest of the cryptocurrencies, such as bitcoin. Based on blockchain and linked to the oil price, bilur shows interesting advantages to its users, such us less volatility. To know more about bilur, its inception, its developments and its plans, we interview Agustín Muñoz, R Fintech’s COO, a holding with offices in Madrid responsible for the creation of bilur.

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Bilur is an eCommodity backed up by energy ¿How does it work?

Among all the cryptocurrencies that exist nowadays, we can find bilur, an eCommodity backed up by energy, whose main difference is that its value does not depend upon supply and demand, as it happens with the cryptocurrencies, that suffer from huge price volatility as a result of their speculative nature. We interviewed Agustín Muñoz, R Fintech’s COO, a company with the mission of providing the smartest way of investing in energy and making the energy market accessible for all types of investors.

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Petro-money, the first cryptocurrency with real value

After the bitcoin, here is the bilur: a new virtual currency that was officially launched in Geneva with the ambition to compete with the bitcoin. Its peculiarity is that its value relies on energy prices. A bilur is equivalent to one tonne of oil, or $ 342 at the current rate. Click the link below in order to watch the video.

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Bilur, a non-speculative eCommodity backed up by stored energy

The first cyrptocurrency was created in 2009, it spread across the world and since then many more have been created. Let’s talk about their future and the bilur project with Agustín Muñoz, R Fintech’s COO. Bilur is different from the rest. For starters, it is an eCommodity instead of a cryptocurrency, since it is not speculative and its value is supported by stored energy. One bilur is equivalent to 11.6 kw/h, which equals one ton of oil equivalent. Which means that our currency, has a fixed value linked to to S&P Platts’ quotation for Brent oil. This allows clients to know exactly the rules of the market and what they are getting into when they invest in bilur. Variations in bilur’s value are exactly the same as variations in the Brent oil price. Bilur can be bought and traded through the bilurmarket platform, the minimum investment is 100 USD.

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Bitcoin and more: five interesting cryptocurrencies to invest in.

Uncertainty, that’s what more and more people are feeling these days, wondering what to do with their savings. After Banco Popular and other scandals, real state has once more become a shelter. But it is not the only one, cryptocurrencies such as Bitcoin and Ethereum are gaining traction. The most interesting cryptocurrencies to invest in are Bitcoin, Ethereum, Litecoin, Bilur and Ripple. Bilur is a new crytpocurrency created by R Fintech, the first one no to be affected by the price volatility that characterized these currencies. ¿The secret? It is backed up by stored physical energy; 1 bilur is equivalent to 6.481 brent oil barrels. The Standard & Poor’s Platts Dated Brent assessment determines the price of the oil barrel, and therefore, the price of bilur. Bilur is traded through an Ethereum contract, allowing everyone to access the energy market.

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Thoughts on Trading Gold, Silver, Oil and Pot (Commodities) -Linked Cryptocurrencies

With a lack of information available to the average consumer, even the average cryptocurrency trader, sometimes investment is blind. Or a guesstimate based on how many Reddit posts and Google Search results there are for one coin versus another. If a coin is invisible, it likely won’t reach a higher market. If a coin is highly visible, the gain may be better suited to long-term investment rather than trading. In come the commodities-coins. Bilur for oil (one coin to one ton of Brent Crude Oil), Ethereum Link (LNK) for Silver. Orocoin for Gold. Onegram for Sharia-Compliant gold trading. DeClouds for Gold, Silver, Platinum and Palladium. The list goes on, with some in the ICO stage while others are trying their hand at Survival of the Fittest in the real world. The novelty of these coins shouldn’t be their fixation on precious metals and real-world items, but instead in the fact that they’ve been widely traded for years. This gives savvy traders the upper hand in the cryptocurrency realm across several coins that are already being traded and more that aren’t yet.

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THE BIRTH OF ‘BILUR’, THE FIRST CRYPTOCURRENCY BACKED BY ENERGY COMMODITIES

Blockchain technology is undoubtedly going to be the cornerstone of the next technological revolution. Control over information has become more and more important in financial markets and this technology allows for information to be decentralized, under the paradigm that information belongs to everybody and power to nobody. Blockchain is based in the Distributed Ledger Technology (DLT) principle, this means that there no longer is a unique document, held by only one agent, where all transactions are booked, but a copy of the document for each user, each user keeps a copy of the ledger. Numerous financial entities are investing and adapting their systems in accordance with this technological revolution. Bitcoin has been recognized as legal tender in Japan and many other countries plan to follow along, even some companies have incorporated these currencies as a payment method. In 2017, amid the cryptocurrency boom and the expansion of the fintech sector, Bilur was born, the first cryptocurrency backed by energy commodities. Bilur is a new digital currency that allows a new and completely decentralized money system. It has been created by R Fintech, a holding incorporated in London with offices in the British city and Madrid.

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Bilur presentation in Geneva, June 28th

Planet of finance is happy to collaborate with R Fintech for its next afterwork event in Geneva on 28th June 2017. Ignacio Ozcariz and his team have launched the BILUR. Bilur is seen as the next generation crypto-currency as it provides an innovative approach to value protection by backing up its value based on stored physical energy. Join us in Geneva on the 28th June for the chance to hear the CEO of one of the most innovative players in this sector.

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Bitcoin trembles: this is bilur, the first non-speculative cryptocurrency.

Bitcoin, Litecoin, Ethereum… the cryptocurrency world can be fascinating, and at the same time, it remains quite unknown to the general public. A lot of things have been said about cryptocurrencies: they are only useful for speculation, one day they will replace the euro and the dollar, their anonimity protects drug traffic, they are the future… they are not. Everything that has been said is partly true and partly mere speculation, bearing in mind how young cryptocurrencies are. In this context, bilur was born, a new cryptocurrency created by R Fintech, the first one not to be affected by the typical volatility of cryptocurrencies. Their secret? Instead of betting on mining like bitcoin does, going back to a well-known commodity such as oil. If we add technologies such as blockchain and a market where this cryptocurrency can be traded, we may have a champion in bilur. We have interviewed Agustín Muñoz (COO) and Luis Solé (CDO) from bilur, who have told us some of their secrets.

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Bilur, the new cryptocurrency

Bilur is the next generation cryptocurrency. It provides an innovative new approach to asset protection by backing up its value on stored physical energy. Which means that behind each bilur, there is a certain amount of energy commodities in storage, reducing the high volatility risk and other common problems suffered by the rest of the cryptocurrencies. The concept behind bilur is that currencies need to be supported by valuable tangible assets. With energy being essential to all production systems worldwide, the choice was clear. Bilur is equivalent to energy, in other words, 1 bilur equals 1 TOE (ton of oil equivalent), which in turn equals aproximately 11.6 Mwh of energy. To calculate the bilur/USD equivalency, Standard & Poor’s Platts’ Dated Brent quotation is used. By definition, for bilur to be created, there must be an oil purchase first (or other energy commodities). For the initial issuance, 1 million oil barrels were secured, which entitled the creation of 52.9 million dollars worth of bilur (154,297 bilurs).

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Q&A ABOUT BILUR, THE LATEST VIRTUAL CURRENCY

Bilur is pegged to stored energy commodities and it is converted to US dollars. This new cryptocurrency offers energy companies an alternative to securitize their energy reserves, and at the same time offers investors the possibility to access the energy market. Bilur was launched on May 2nd in Geneva, it is a cryptocurrency based on the value of stored physical energy. Meaning that its price is not established by demand and supply, but by the value of Brent; which makes bilur much more stable than the rest of the cryptocurrencies. Bilur creators have always believed in the advantages of virtual currencies, but also realized that the idea of cryptocurrencies caused rejection among many companies. Hence, they decided to develop an objective mechanism to determine the value of this new currency. 1 bilur is equivalent to 1 TOE (ton of oil equivalent), which in turn is equivalent to around 11.6 MW/h of energy. To convert bilur to USD and viceversa, the company uses Dated Brent, a daily quotation provided by Standard & Poor’s Platts.

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Q&A about bilur, the latest virtual currency

Bilur is pegged to stored energy commodities and it is converted to US dollars. This new cryptocurrency offers energy companies an alternative to securitize their energy reserves, and at the same time offers investors the possibility to access the energy market. Bilur was launched on May 2nd in Geneva, it is a cryptocurrency based on the value of stored physical energy. Meaning that its price is not established by demand and supply, but by the value of Brent; which makes bilur much more stable than the rest of the cryptocurrencies. Bilur creators have always believed in the advantages of virtual currencies, but also realized that the idea of cryptocurrencies caused rejection among many companies. Hence, they decided to develop an objective mechanism to determine the value of this new currency. 1 bilur is equivalent to 1 TOE (ton of oil equivalent), which in turn is equivalent to around 11.6 MW/h of energy. To convert bilur to USD and viceversa, the company uses Dated Brent, a daily quotation provided by Standard & Poor’s Platts.

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The birth of ‘bilur’, the physically-supported cryptocurrency

The slow recovery from the financial crisis that took place in 2008 in the US and the fiscal voracity of governments, cleared the path for the boom of cryptocurrencies. Standing out from the overwhelming amount of cryptocurrencies, appears bilur, a cryptocurrency with a unique value proposition. Since 1971, when president Nixon abandoned the gold standard, the world has been operating with a money system called fiat. Which is based on the trust of the community and the promise of payment by the money-issuing entity. Fiat money is nothing more than a fiscal certificate; without it, it would have no value whatsoever. This system, in which banks create money through loans, tends to cause inflation, financial bubbles and government debts that are impossible to pay. Several crisis took place worldwide. As an alternative to the collapsed system, in 2009, bitcoin was born. Together with the rest of the cryptocurrencies born thereafter, it represents the rejection towards the manipulation of fiat currencies in the hands of governments and central banks.

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The Bilur, A New Crypto Currency To Compete With Bitcoin

The Bilur, a new crypto currency, has just been launched in Geneva to compete with the Bitcoin. Its value is backed by that of oil. But this indexation on the price of oil is not synonymous with the absence of risk. It was created by a London based company, R Fintech PLC as an alternative to the Bitcoin. If it is best known, the Bitcoin is not the only virtual currency. Peercoin, Namecoin, Litecoin are other virtual currencies that are inspired by and similar to the Bitcoin. The company’s website indicates that the Bilur is a digital currency, based on a peer-to-peer Blockchain network. Unlike other virtual currencies, the Bilur is indexed to oil. 1 bilur is worth a tonne oil equivalent or 6,481 barrels of Brent. If we take into account the average price of Brent barrels since the beginning of the year, a Bilur is worth 356.45 dollars (326 euros). To attach the value of the Bilur to that of oil, R Fintech bought a million barrels of oil, stored in Texas.

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Blockchain for oil and gas: a game-changer for black gold?

In addition to the improvements that blockchain could make to traditional oil and gas operations, some are looking to the world’s most important commodity as a baseline for digital money. Financial services company, R Fintech, has recently launched a digital currency that derives its value directly from the black gold. From the Basque word meaning “chain”, bilur is a cryptocurrency whose value is calculated daily based on the value of one ton (~6.5 barrels) of Brent crude oil. Although there are no traders that are accepting bilur as a form of currency yet, the fact that it is pegged to a physical commodity may alleviate the concerns that many have with the volatility of cryptocurrencies. In 2013, Bitcoin lost 77 per cent of its value in two days of trading, plunging from $266 to $78. Four years later, in May 2017, the value of a single bitcoin hit an all time high of $2,791.70.

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R Fintech launches "bilur" and joins Planet of finance

We are very glad to welcome R Fintech as a new Planet of finance partner. The London-based financial services company R Fintech joins a long list of partners who leverage the power of the Planet of finance community for business development and brand recognition. As part of our partnership, R Fintech will be a Planet of finance 3D exhibitor with a booth in the third pavillon of our 3D environment. Our partnership will also include events and a B2B and B2C package.

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The birth of ‘bilur’, the physically-supported cryptocurrency

The slow recovery from the financial crisis that took place in 2008 in the US and the fiscal voracity of governments, laid down the ground for the boom of cryptocurrencies, that thanks to the blockchain technology, avoid the risk of fraud and manipulation. Blockchain technology allows information to be decentralized, as a consequence, the power is shared by all the users of the system, in a way that none of them can exert it unilaterally. This implies a paradigm swift, information belongs to everyone and power to no one. A totally disruptive corollary. In line with the concept of information decentralization, one of blockchain’s main principles is Distributed Ledger Technology (DLT), this means that there is no longer a unique document, held by only one agent (bank, government, etc.), where all transactions are booked, but a copy of the document for each user, each user keeps a copy of the ledger. This brings significant advantages: with a central agent no longer being necessary, the system gets more transparency and becomes fairer…

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The new digital currency Bilur for Oil is intended to be a bitcoin contender

It is called Bilur and wants to compete with the Bitcoin as a new digital currency investment. The Bilur, presented Tuesday, May 2, 2017 in Geneva, converts the energy for the first time in a financial product and its creator has also advocated use as means of payment. Since early April, the financial sector but also businesses or individuals can buy Bilur in an online platform. Each unit is worth a ton of oil in the course of the day. The virtual currency is sold and exchanged without charge. The investment of up to several million dollars. "This is clearly a petrodollar achievable and verifiable," said Ignacio Ozcariz, director of London-based R FinTech origin of Bilur, at a press conference. For its launch the company and its partners bought one million barrels of oil stored in the US company Texas Crude Oil and Gas. In exchange for a "rental" supplier retains the raw material.

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New Cryptocurrency Bilur Meant for Oil Resources Pegs against Bitcoin

In Geneva, another virtual cash propelled to tackle industry pioneer bitcoin by pegging its incentive to hard oil resources, a first in the quickly developing computerized cash division. The cryptocurrency called “Bilur” and made by London-based budgetary administrations organization R Fintech utilizes the innovation spearheaded by bitcoin, while attempting to offer an option for those fatigued of the wild vacillations that have tormented computerized monetary forms. To begin, the organization has esteemed 1 Bilur as comparable to 6.5 barrels of Brent raw petroleum, making it a benefit worth US$356 (€326). Texas-based oil organization Hockley has at first put aside 1 million barrels of unrefined assets as a guarantee to support the cash has yet told R Fintech it can increase if Bilur winds up plainly famous. Like bitcoin, Bilur is kept running with purported blockchain innovation, where scrambled advanced coins are made by supercomputers, managed and controlled by a group of clients who attempt to prepare for forging.

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Digital Coins: Bitcoin to the stars and Bilur arrives

There is good news for proponents of digital finance. We´re not talking here of the virtualization of payment systems, but its digital currency, which in recent days has seen a spike in the Bitcoin assessment and the increase in "money" available with the birth of Bilur, a sort of virtual petrodollar. The peculiarity of Bilur is that of being a sort of digital petrodollar: its value is hooked to the oil because a Bilur worth as much as a ton of crude oil at that time. The advantage compared to other virtual currencies is that then the value of the Bilur is "physical", linked to something that is not only movement of bits and bytes, and less subject to strong fluctuations. The "parity" Bilur-oil is guaranteed by storage in Texas, by R FinTech, of one million barrels of crude oil purchased from US Crude Oil and Gas.

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Two new virtual currencies bet on different technologies and operating assumptions

At the beginning of the month a new virtual currency was launched, linked to the price of oil. Bilur´s goal is to rival bitcoin, the leader of an expanding market. It was also at this point that the price of bitcoin hit a record high, after having tripled its value last year. Prospering in the booming virtual currencies market is also Zcash, which operates under different assumptions. Bilur was created by R Fintech, a London-based financial services company that uses the technology that bitcoin pioneered, while trying to be an alternative for people dissatisfied with the fluctuation in the virtual currency market. "This is the first virtual currency with real value," said R Fintech CEO Ignacio M. Ozcariz at the launch of the currency in Geneva, Switzerland. Bilur has a value equivalent to one ton of oil equivalent (6.5 barrels), something like $ 325.

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Bilur, the oil-backed virtual currency that wants to compete with bitcoin

It is called bilur, its value is equivalent to 6.5 barrels of crude oil and it wants to be the next cryptocurrency to compete against the popular bitcoin, cryptocurrency that is currently being exchanged in the market for more than USD 1,400. With the hope set on the stability of commodities, London-based company R FinTech launched this cryptocurrency last week, based on a consensus peer-to-peer network that enables a new and completely decentralized money system linked to oil prices. Its value is calculated daily using the Dated Brent quotation provided by Standard & Poor’s Platts, it does not have any transaction fees, it does have a daily maintenance cost of 0.01%, and it uses Blockchain technology. The minimum amount that can be purchased is USD 100 and there is no maximum, since the goal of bilur it to bring the energy market to all types of investors. Same as its main competitor, bilur does not depend on any central authority nor intermediaries as the dolar or euro does, and it is traded through the platform bilurmarket, where users need to create an account.

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The Bitcoin threatened by the Bilur?

This is one of the first alternatives to the Bitcoin. Indexed on the value of oil, the virtual currency "Bilur" could well appeal to users still reluctant to the constant fluctuations of digital currencies. Recently introduced by London-based R FinTech in Geneva, the new virtual currency "Bilur" is positioning itself as a viable alternative to Bitcoin, the famous cryptocurrency that had seduced in its early days and had not suffered setbacks. If the two currencies do not depend on any central bank, the new entrant "Bilur" is based on a peer-to-peer network in blockchain and has the peculiarity of being indexed to the price of oil, a first in the world of cryptocoins. In order to match its value to that of petroleum, nearly one million barrels in Texas were purchased by R FinTech. A Bilur is about one tonne of oil equivalent, about 6.5 barrels.

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The UK Introduces The First Oil-Backed Cryptocurrency

A new Ethereum-based cryptocurrency has hit the market that secures its value to oil, a first for the digital money sector. The currency called ‘Bilur’ (Basque for ‘chain’) was created by London-based financial services company R FinTech to compete with other industry leading cryptocurrencies like bitcoin. Ignacio Ozcariz, CEO of R FinTech, tells ETHNews that the concept of monetizing the energy sector has been long overdue. “Crude Oil and its derivatives, gasoline; gasoil; and its closest associate, natural gas, have been running the last wave of the industrial revolution from the last part of the 19th century. All of them are primary energy vectors that, jointly with the flow of energy in the form of electricity, have driven the unstoppable 20th-century technological revolution. So why not consider the energy as the new monetary standard, as it is the base for the technological economic world.”

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Bitcoin´s opponent is meassured in oil barrels

It is called Bilur and wants to compete with the Bitcoin as a new digital currency investment. The Bilur, presented Tuesday, May 2, 2017 in Geneva, converts the energy for the first time in a financial product and its creator has also advocated use as means of payment. Since early April, the financial sector but also businesses or individuals can buy Bilur in an online platform. Each unit is worth a ton of oil in the course of the day. The virtual currency is sold and exchanged without charge. The investment of up to several million dollars. "This is clearly a petrodollar achievable and verifiable," said Ignacio Ozcariz, director of London-based R FinTech origin of Bilur, at a press conference. For its launch the company and its partners bought one million barrels of oil stored in the US company Texas Crude Oil and Gas. In exchange for a "rental" supplier retains the raw material.

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The new virtual currency Bilur

It is called Bilur and wants to compete with the Bitcoin as a new digital currency investment. The Bilur, presented Tuesday, May 2, 2017 in Geneva, converts the energy for the first time in a financial product and its creator has also advocated use as means of payment. Since early April, the financial sector but also businesses or individuals can buy Bilur in an online platform. Each unit is worth a ton of oil in the course of the day. The virtual currency is sold and exchanged without charge. The investment of up to several million dollars. "This is clearly a petrodollar achievable and verifiable," said Ignacio Ozcariz, director of London-based R FinTech origin of Bilur, at a press conference. For its launch the company and its partners bought one million barrels of oil stored in the US company Texas Crude Oil and Gas. In exchange for a "rental" supplier retains the raw material.

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Bitcoin has a new competitor in the market

A new virtual currency called Bilur wants Bitcoin to compete. London-based financial firm R Fintech presented the new virtual money "Bilur", which is linked to the oil price, to journalists in Geneva on Tuesday. It is the first virtual currency with a "real value", said Fintech chief Ignacio Ozcariz. The company set the value of a bilur at 6.5 barrels of the North Sea Brent, currently equivalent to 326 euros. While the currency Bitcoin is now accepted by merchants worldwide as a means of payment, Bilur is not. The Bitcoin currency has existed since 2009. Behind virtual money is the idea of creating a currency that is independent of states, central banks and monetary policy. It was invented by the financial crisis.

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Bilur, the crypto-currency based on oil that wants to compete with Bitcoin

New participants in the ecosystem of digital currencies, the initiators of the Bilur project have a good place in this market. The novelty of Bilur is the coverage of its value which will be supported by stored energy units. Geneva, one of the world’s leading trading centers for raw materials, was selected by London-based R FinTech Plc, the originator of the project, for the official presentation of the Bilur. The concept behind Bilur is that a currency must be supported by tangible assets. Essential to all production systems, energy is a choice that has imposed itself. The value of Bilur depends on the price of a barrel of crude oil. In practice, 1 Bilur corresponds to one tonne of oil equivalent, ie 11 630 kWh or 6.48 barrels. The value of the Bilur is therefore calculated daily on the basis of the Brent valuation of Standard & Poor’s Platts. For example, with the average Brent price in February 2017, 1 Bilur has a value of approximately $ 356 (6.48 x average Brent price).

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PetroCoin: Oil-backed Bilur launch may effect a paradigm shift for crypto-currencies

In 2012, the European Central Bank had remarked that the theoretical roots of Bitcoin can be found in the Austrian school of economics. Hayek had written papers on denationalisation of money, arguing how governments should not have a monopoly over issuance of currency. While little has changed since then, Bitcoin is certainly attracting more users now after eight years of its introduction. The currency is at an all-time high—it touched $1,400 on Tuesday—and more monetary systems are evolving around it. With some likening it to the gold standard, Bitcoin has spurred the rise of many cryptocurrencies for the world to trade in. A company launched a Bitcoin pegged to gold called Hayek in 2015, and recently one has announced a cryptocurrency pegged to oil. Started by a London-based financial firm, R Fintech, one unit of Bilur (as the currency is called, after the Basque word for ‘chain’) is equivalent to 6.5 barrels of Brent crude, making it worth $356.

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