An update on the company breaking ground in the big boys club. Savings and retirement, is normally the domain of bankers and investment fund managers, however the Banksters all appear to have missed the boat on Bitcoin. This is not the first Kiwi company being actively blocked by the banks. The New Zealand Banks are most likely the worst in the world, for being bullies and backward thinking.
The company called mybitcoinsaver has a program of investing in BitCoin and perhaps other Cryptos...as a form of savings, with regular payments normally attributed to other retirement or savings programs. Allowing everyone to benefit from the asset class without the need to learn about blockchains or wallets is an option I feel is valuable to kiwi Savers. To combine purchases and save time and money, cost averaging, being able to easily follow one's investment on any Crypto Exchange. The government encourages savings with special help with a Kiwisaver program, yet when I was asked to sign up for mine... There was, high risk, low risk, cash and a mix of these three options to put your savings. I decided on cash but wondered why, there was no gold or silver option, no crypto, just the stock market. Hmmm.
Below is a copy paste from a face book page. public domain and easily found with google if you want to check. Saying...
We are temporarily pausing our service while we develop new banking relationships in NZ. We understand that this is frustrating for all our users so we hope this will only be for a short period. Although we already have ongoing conversations with banks we would still love to hear from anyone who has connections in the NZ banking industry, please get in touch here.
The last Bitcoin run will be this Friday (28th of July). Please do not send any money into our account from today until further notice.
We have a lot exciting things in the pipeline. Keep following our Facebook and Twitter for all the latest news as it happens. Existing users will still be able to login and view their accounts by heading to https://mybitcoinsaver.com/password/reset
Now...I contacted the company and offered my Kiwisaver Account and my two son's accounts for their use, to show demand for this type of opportunity to grow my savings and for this leading company "MyBitCoinSaver" to prove their program works. We need our government to stop letting the Bank - sters bully them, to stand up for the people and have integrity. Allow us to choose a real investment. Something we can hold in our Crypto Wallet or in our Hand like Gold and Silver. Crazy stuff here in New Zealand. The banks just won't work with Crypto.
Interested in thoughts and please do follow and comment so I know who to follow back. Thanks RichCat
Interesting article. Well written. I would like to read the follow up.
Hi, ditto with your articles. Here is a link to their face book. facebook.com/mybitcoinsaver/ but wait there's more.
MagaCoin a Kiwi Crypto on many ICO web pages, have had their links go 404. war? Updates as they flow in the door.