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Latest news and press releases about bilur




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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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Bilur: The next Generation Cryptocurrency

R FINTECH ANNOUNCES LAUNCH OF NEW DIGITAL CURRENCY BACKED UP BY STORED ENERGY. With the rise of digital currency, and the steep growth of altcoins (digital coins other than Bitcoin), bilur seeks to solve one of the main issues for digital coin holders, namely, price volatility. Cryptocurrency investors have seen their investments suffer baffling and hard (if not impossible) to predict depreciations because of this issue. Bilur presents an innovative solution to this problem by backing up its value with stored physical energy. Thus, linking its price to that of energy commodities. Not only does bilur allow investors to protect their assets but also provides direct access to the energy market, until now only accessible to professional traders. The concept behind bilur is that currencies need to be supported on valuable and tangible assets. With energy being essential to all production systems worldwide, the choice was clear.

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BILUR: A NEW CURRENCY TO COMPETE WITH BITCOIN?

2017, the year of the launch of a new virtual currency called "bilur", which aims to compete with bitcoin by backing its value on oil prices. Edwige Morency, CEO of Eureka Certification, a French training body on blockchain technology, tells us a little more. This specialist speaks on all topics related to blockchain/bitcoin technologies. Minute to put the counters in equilibrium, what is the blockchain: "The blockchain is a distributed and secure database without central control. By extension, a chain of blocks is a distributed database that maintains a list of records that are protected against forgery or modification by storage nodes. A blockchain is therefore a decentralized and secure timeline of all transactions made since the distributed system was started.

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Bilur: The next Generation Cryptocurrency

R FINTECH ANNOUNCES LAUNCH OF NEW DIGITAL CURRENCY BACKED UP BY STORED ENERGY. With the rise of digital currency, and the steep growth of altcoins (digital coins other than Bitcoin), bilur seeks to solve one of the main issues for digital coin holders, namely, price volatility. Cryptocurrency investors have seen their investments suffer baffling and hard (if not impossible) to predict depreciations because of this issue. Bilur presents an innovative solution to this problem by backing up its value with stored physical energy. Thus, linking its price to that of energy commodities. Not only does bilur allow investors to protect their assets but also provides direct access to the energy market, until now only accessible to professional traders. The concept behind bilur is that currencies need to be supported on valuable and tangible assets. With energy being essential to all production systems worldwide, the choice was clear.

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Bilur, a new virtual currency to compete with bitcoin

Bilur, a new virtual currency, has just been launched in Geneva to compete with 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. What if you pay in bills? There is no need to look for bilur on the map. But the bilur, a new virtual currency launched yesterday in Geneva, does indeed exist. It was created by a London company, R Fintech 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 inspired and similar to the bitcoin. The balance is intrinsically different. The R Fintech PLC website indicates that the benchmark is a digital currency, based on a peer-to-peer blockchain network.

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Another competitor for bitcoin - oil-indexed bilur

Cryptocurrency and their derivatives with reference to gold, there is already a lot. Why not use for this purpose, other valuable resources? London financial company R Fintech announced a new "bitcoin rival" - "bilur" - cryptocurrency tied to oil, and therefore less prone to fluctuations. The name cryptocurrency also refers to the core technology as bilur translates to “chain” in Basque. "This is the first digital currency with real value, - said General Director of R Fintech Ignacio M. Ozkariz (Ignacio M. Ozcariz) - One bilur is equivalent to 6.5 barrels of Brent crude, which corresponds to 356 $ (326 €). Texas Oil Company Hockley originally allocated 1 million barrels of crude oil as collateral to support the currency, but this number may increase if bilur becomes popular. According to the company, bilur is aimed at those who regularly use cryptocurrency, but do not want the risk due to fluctuations in the value of bitcoin, so prefer funds supported by fixed assets.

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Meet bilur, the cryptocurrency to compete with bitcoin

London-based company R FinTech developed a new virtual currency that is backed up on commodities with public price: crude oil. It is not the first attempt, nor it will be the last, to compete against bitcoin, what is interesting about bilur is that it has physical support: oil barrels. It is an interesting evolution and -almost- unexpected. But it is understandable, the new currency learnt from bitcoin’s mistakes and aspires to be an alternative for those who are suspicious of the high price volatility that virtual currencies suffer.

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Even oilers launched their own cryptocurrency

The slow recovery from the financial crisis that originated in the US in 2008, and the voracity of governments when it comes to taxes, prepared the ground and facilitated the growth of cryptocurrencies. Their only backup is the shared online database where all transactions are booked in blocks, and therefore, avoid the risk of fraud. Bitcoin is the big star: in one year, it triplicated its value in USD and is now worth 14% more than gold. However, its price caused suspicion among producers, whose prices are linked to physical volumes of goods and have their own fluctuations. That is why a new cryptocurrency named bilur was launched. Bilur is backed up by oil barrels, its value is equivalent to that of 6.5 barrels of crude oil (around USD 356 at this time). Same as bitcoin, it does not depend on any central bank and is traded online through the bilurmarket platform.

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New virtual currency ‘bilur’, tied to oil, takes aim at bitcoin

GENEVA: A new virtual currency launched on Tuesday (May 2) aims to rival industry leader bitcoin by pegging its value to hard oil assets, a first in the rapidly growing digital money sector. The currency called “bilur” and created by London-based financial services company R Fintech uses the technology pioneered by bitcoin, while trying to offer an alternative for those weary of the wild fluctuations that have plagued digital currencies. “This is the first crypto-currency with a real value”, R Fintech Ignacio M. Ozcariz chief executive told reporters in Geneva. To start, the company has valued 1 bilur as equivalent to 6.5 barrels of Brent crude oil, making it an asset worth US$356 (€326). Texas-based oil company Hockley has initially set aside 1 million barrels of crude as collateral to underpin the currency but has told R Fintech it can ramp up if bilur becomes popular.

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"Bilur": cyber currency Bitcoin gets competition

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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A new virtual currency called Bilur makes Bitcoin rival

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 virtual currency that aims to compete with the Bitcoin

It is called Bilur and wants to compete with the Bitcoin as a new digital currency investment. The Bilur, presented yesterday 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.

Read Full Article




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Virtual currency Bilur wants to make bitcoin competition

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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What is bilur? The currency in oil trading that challenges bitcoin

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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Blockchain and cryptocurrency, power in the hands of everyone

Information decentralization as the cornerstone of safer and more fair systems. Information is power. Power, when concentrated in the hands of just a few is what makes the world go round, but in today’s society, this is starting to become intolerable, as it gravitates towards inequity, it has corrosive effects, and sooner or later leads to corruption. 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.

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Here is the Bilur, cryptomonetary oil

The English company R FinTech has chosen Geneva to launch yesterday its cryptocurrency. A model that raises many questions. The launch of the "bilur" yesterday in Geneva has attracted much interest and many questions, which the conference did not dissipate. The English company behind this new cryptocurrency, R FinTech Plc, aims to compete with the bitcoin.

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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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The strange cryptocurrency Bilur wants to infiltrate Geneva with oil

The Spanish businessman Ignacio Ozcariz and his associates in the London-based company R FinTech on Tuesday presented a crypto-money project on petroleum stocks, dubbed Bilur, in front of the Geneva financial center. On April 21, 154,297 Bilurs were put into circulation after the acquisition of one million barrels of crude - an initial capital of about $ 50 million. Each Bilur corresponds to the value of one tonne of crude, about 356 dollars. The implementation of this parallel payment system would require 120 million euros on the London Stock Exchange, by mid-July. An envelope that would be used in particular to "acquire other companies" and "obtaining a banking license in Europe", according to this businessman. Geneva is at the heart of the scheme. "If we succeed in convincing the finance and the oil trade, everything will be easy," admits Ignacio Ozcariz on the sidelines of the presentation organized in a bar with panoramic views of the city.

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New virtual currency bilur is linked to oil price

According to the inventors of Bilur, it is the first virtual currency with "real value". Bitcoin is going to compete. A new virtual currency called Bilur wants Bitcoin to compete. The Spanish-based financial company R Fintech presented the new virtual money, which is linked to the oil price, to journalists in Geneva on Tuesday. It is the first virtual currency with a "real value", said R-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 does 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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Virtual currency bilur makes Bitcoin competition

A new virtual currency called Bilur makes Bitcoin rival. 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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Virtual currency bilur wants to make bitcoin competition

Price of virtual money is linked to the oil price A new virtual currency called Bilur wants Bitcoin to compete. London-based financial firm R Fintech presented the new virtual money linked to the oil price in Geneva. It is the first virtual currency with a "real value," said Fintech CEO Ignacio Ozcariz. Coupled with Brent. 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 does 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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Virtual currency Bilur wants to make bitcoin competition

A new virtual currency called Bilur makes Bitcoin rival. 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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Virtual currency bilur makes bitcoin competition

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 WANTS TO COMPETE WITH BITCOIN

A new virtual currency issued by a London company was presented this morning in Geneva. The bilur wants to compete with the bitcoin by being for the first time indexed on a raw material, oil.

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Do you know "Bilur" the digital currency that wants to overtake Bitcoin?

A new virtual currency began on Tuesday in Geneva, with the ambition of competing with bitcoin, with its value linked to the price of oil. Bilur, created by R FinTech based in London, aims to offer an alternative for users who want to protect the large fluctuations of the digital currencies. "This is the first real-life cryptocurrency," Ignacio M. Ozcariz, CEO FinTech R, told a news conference. For its launch, the company and its partners bought one million barrels of oil and stored it in Texas. Each bilur corresponds to the value of one ton (6.5 barrels) of crude oil, according to the price of the day, with a value of $ 356 (326 euros) per unit on Tuesday (02/05/17). "As bilur grows, more oil and stocks will be bought and we will reach billions of barrels" the company said in a statement.

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The Bilur currency launched in Geneva

The Bilur wants to compete with the Bitcoin as a new digital currency investment, converting energy for the first time into a financial product. Its founder also envisaged on Tuesday in Geneva, its use as a means of payment in the near future. The choice of Geneva was evident to the leaders of London-based R FinTech, the origin of the Bilur. The city hosts "commodity trading houses on one side, finance houses on the other", told the press the boss Ignacio Ozcariz, himself established in Geneva. Since early April, merchants but also companies or any individual can buy bilur on an online platform. Each unit is worth a tonne of oil during the day, currently about 356 dollars (about 354 francs).

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Economy: Bilur wants to reinvent currency, by betting on oil

R FinTech Plc, a London-based company preparing for its IPO, presented its proposed cryptocurrency in oil stocks on Tuesday morning. This project claims to compete with the bitcoin - the first and most important of the virtual currencies whose introduction is permitted by a new computer technology, the blockchain. It is based on an old concept: the gold standard, or in this case, the oil standard. For the launch of the currency, R FinTech Plc and its partners have purchased one million barrels of oil, stored in Texas, a bet of about $ 50 million at current prices. Each Bilur corresponds to the value of one tonne during the day. As the Bilur develops, the company promises that more oil will be acquired. R Fin Tech ensures that "Everyone can buy Bilur, from $ 100 to several million dollars per investment."

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Virtual currency bilur will be linked to oil price

A new virtual currency began on Tuesday in Geneva, with the ambition of competing with bitcoin, with its value linked to the price of oil. Bilur, created by R FinTech based in London, aims to offer an alternative for users who want to protect the large fluctuations of the digital currencies. "This is the first real-life cryptocurrency," Ignacio M. Ozcariz, CEO FinTech R, told a news conference. For its launch, the company and its partners bought one million barrels of oil and stored it in Texas. Each bilur corresponds to the value of one ton (6.5 barrels) of crude oil, according to the price of the day, with a value of $ 356 (326 euros) per unit on Tuesday (02/05/17). "As bilur grows, more oil and stocks will be bought and we will reach billions of barrels" the company said in a statement.

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Bilur, the virtual currency that aims to compete with the Bitcoin

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 new virtual currency tied to oil that will compete against bitcoin

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 new way of investing family and corporate resources globally

In current times, the great uncertainty around the performance of fiat money, in traditional financial systems, where Banks do not offer benefits, makes it an ordeal to try and shelter these assets. Hence the need for a tool to protect family and corporate wealth. When a money surplus is available, it is equally difficult for the rookie and for the experienced investor to find a good investment for that fiat money surplus. From this point of view, and thanks to new technologies, it is now possible to find the perfect solution, a unique investment opportunity. In this context is bilur born. Bilur is a digital currency based on a consensus peer-to-peer network that allows a new and completely decentralized money system. By definition, it is backed up by units of stored physical energy. Which means that bilur’s value comes from energy commodities such as oil. In other words, one bilur equals one ton of oil equivalent (TOE), which in turn is equivalent to 11.6 MWH of energy.

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Why do investors always loose with oil ETFs?

In last week’s article ‘And the financial apocalypse finally took place’, we discussed fiat currency lack of real tangible support and the risks of the current economic situation. Energy, as a necessary component of all modern societies, and a measurable commodity with real value, is the opposite of fiat money, and should be the cornerstone of a new money system, such as the gold used to be. Although it is a well-known fact that gold has historically been the shelter of money’s value, in a strict sense, it is not exactly a necessary good nor it can be enjoyed except for the value that is subjectively attributed to it. If we were to look for a new shelter for money’s value, we would talk about oil as an energy commodity…

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Rfintech présenter la première crypto-monnaie du monde protégée par une valeur énergétique réelle.

C’est Genève que la société R FinTech Plc, basée à Londres, a choisie pour présenter la première crypto-monnaie du monde protégée par une valeur énergétique réelle.

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USD 53 million worth of bilur issued after purchase of 1 million oil barrels

154,297 bilurs were issued as a result of the initial oil purchase of 1 million barrels. Current market cap at USD 53 million. Bilur is the next generation cryptocurrency as it provides an innovative approach to value 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 to support it, thus reducing price volatility risk…

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And the financial apocalypse finally took place

Everything begun with the inevitable fall of fiduciary currency. Since 1971, when president Nixon abandoned the gold standard, the world operated under a money system called ‘fiat’. It was a system based on society’s trust and the payment promise of the entity issuing the currency. Even though only governments were entitled to issue fiat currency, banks created it through loans and credits. Money supply grew exponentially, to a point where that surplus was threatening with a new economic crisis. A system that gravitates towards inflation, speculative bubbles and government debt, gravitates inevitably towards collapse. Collapse that was worsen by the fact that fiat currency does not have any support, since its value comes from a promise, something intangible, no physical support to avoid the fall. Still today, people discuss which the underlying cause that unchain the catastrophe was. As always, the truth is in a combination of circumstances. What is for certain, is that governments and banks tried to silence the opinions of those who had foreseen the crisis. Have all the signs been considered, a radical change would have been more than justified.

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