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Bitcoin instead of KiwiSaver?This company thinks you should consider it The world’s first bitcoin savings platform is looking to expand.And one of its directors is so confident in the crypto-currency, she’s investing in bitcoin instead of KiwiSaver.Ever since it was created in 2008, the idea of bitcoin has been dissected, discussed, debated, denounced, and deliberated by practically every pundit on the planet.But the crypto-currency has survived all the ups and downs of the past eight years to become one of the most commonly traded currencies – online and cold, hard cash – in the world.While the rise of bitcoin has been surprising, to say the least, what may be even more surprising is this: the world’s first bitcoin savings platform was started by a Kiwi company.Number 8 wire goes ultra-high-tech?Little Crypto director and system architect Katie Graham thinks so.“The concept of crypto-currency is quite exciting,” she explains.“If you look at the trends, it does seem to be levelling out.
It’s not as volatile as it used to be.”Graham’s company, based in Auckland, has handled about 201.56078483 bitcoin since it launched MyBitcoinSaver in July 2014.bitcoin sync dataWhy so many decimal places?buying bitcoin myceliumThat’s because the smallest amount that can be handled is a one hundred millionth of a bitcoin, or 0.00000001 bitcoins (a unit known as a Satoshi).bitcoin wallet germanyIn all, the company has handled 2764 bitcoin transactions, worth a total of about $100,000.Little Crypto directors Sam Blackmore, Katie Graham and Tim Clark.Alright, so those numbers may seem pretty small.litecoin rate usdBut Graham says that’s by design.bitcoin pool suggested difficulty
“We kind of kept things secret for the first couple of years,” she says.“We intentionally started under-the-radar.”But now Little Crypto, a spinoff from Webscope, is looking to expand MyBitcoinSaver.Graham says the idea is a relatively simple one: clients can invest anywhere from $10 to $200 at a time in bitcoin (which is a fraction of a single bitcoin, since, at current exchange rates, one bitcoin is worth about $800).bitcoin price plnWhen they want their money back, they get the bitcoin converted back into dollars at whatever the current exchange rate is.dhl bitcoin“It’s a low risk way to invest in bitcoin,” she says.Having invested in bitcoin herself before Little Crypto was founded, Graham says the concept could especially appeal to millennials and those who might not have thought about investing before because of its simplicity and the fact it allowed investing in fractions of a bitcoin rather than a whole bitcoin, which could be cost-prohibitive for people looking to get started.ethereum pool best
“I don’t think I would have ever considered investing in gold.”With plans to launch in Australia, the UK and the United States in the near future, Graham claims the time to buy bitcoin is now.kevin charles bitcoin“Bitcoin is a lot more secure these days,” she explains.“Now that we’re confident, we’re looking at expanding.”In fact, Graham is so confident in bitcoin, she’s chosen to invest in it rather than KiwiSaver.Now that’s faith in crypto-currency.is the mastermind behind KiwiSaver-like initiative My Bitcoin Saver.Co-founder Sam Blackmore talks development and the firm's unique work-flow processes.A brief description of the business Webscope develops customer software and specialises in software solutions.We focus on building digital tools that help businesses run more efficiently and enable them to innovate, and build software applications.It was founded by Tim Clark, Katie Graham and Sam Blackmore.
How long have you been operating and where from?We've been in business almost six years and operate from both Auckland and Queenstown.We expanded into Queenstown in November last year to focus on building business down there.We have nine staff members in Auckland and one in Queenstown.What inspired you to start this kind of business?After arriving back from Britain and contracting with a number of different agencies throughout Auckland, I experienced projects that were badly run, over time and budget and didn't result in adding value to the businesses who paid for them.Webscope was a reaction to this.Our mission is to help business become more efficient through software.You've developed My Bitcoin Saver, can you tell me about that?My Bitcoin Saver is a platform that allows anyone in New Zealand to easily save Bitcoin without going through the complicated process of buying it through a Bitcoin exchange.We're the only dedicated Bitcoin Savings platform in the world.Once signed up, all users needs to do is to set up a recurring automatic bank payment and provide their Bitcoin wallet address.
Once we receive the payment we buy Bitcoin on their behalf and send it to their online Bitcoin wallet.The idea is for it to be a set-and-forget process, just like KiwiSaver.How is your business different now compared to when it started?In a single word "experience" - it has allowed us to create ambitious digital strategy visions for clients.We're able to draw on insights gained from the projects that we've delivered, developing strong digital strategy which aligns with the goals of the businesses that we collaborate with.Why does Webscope have a two-day work-from-home policy?I believe one of the biggest things that has enabled our success is our company culture.We set it really early that employees work from home two days a week - Wednesday, Thursday - the whole company does.We're in the office Monday, Tuesday and Friday, and people love working with us because we trust our employees to work from home, and it's a better work rhythm.Generally, I think people don't want to be in the office five days a week, they need the space of their own home to get things done.
SHARE THIS QUOTE: We've found people get more work done from home - it's a culture which our developers really love.Development is quite an introverted process; you need to get into your own head space to really get into the problems you're solving, and frankly the best place to do that is by yourself in a room with no one else around.On Tuesdays we do planning and team work and on Wednesdays and Thursday our developers really bury into being productive because they're at home.What made you want to follow an office-home workflow?We're completely obsessed with efficiency - from solutions to clients - and it's just not efficient to commute into the office and waste employee time when we've got all the modern tools that are available to us.We use Google Hangouts, Slack, Trello, and it means it's very easy for us to work with overseas companies such as our current ones in Australia, Switzerland and the US.Also, it's the kind of flexibility that millennials are really comfortable with.Everybody talks about remote working, but very few companies are doing it.
There's two sides to Webscope - there's the software side of things where we design and build applications, and there's the consultancy work we do through NZTE, NZ Export and EMA.We provide workshops to enable companies to look at ways they can digitally innovate to get ahead of competitors or make their businesses stronger.We see the digital innovation consultancy side of our business growing this year and next.The road map for this year is to create more tools to help people reach their savings goals more quickly and open our service in the UK and Europe.What has been the biggest challenge you have faced?I think taking a collaborative approach.Our clients don't subscribe to us for a digital rebuild; it's a collaborative journey.We help clients understand what we're doing and work with them to deliver projects with them.Then there's all the normal things I could say like cashflow, and employees, but generally they aren't big challenges for us.What advice do you give others thinking of starting their own business?