Bitcoin-gold exchange Vaultoro Joins Techstars Berlin

Bitcoin gold exchange Vaultoro announced that they have been chosen among eight other startups to participate in the 2017 Techstars Berlin Accelerator.

Vaultoro, chosen from a pool of hundreds worldwide, is a rapidly growing enterprise offering a secure alternative to traditional banking, merging gold’s long track record as a globally recognized store of value with the speed, transparency and divisibility of the bitcoin blockchain.

Techstars connects startups with tens of thousands of community leaders, founders, mentors, investors and corporate partners allowing entrepreneurs to facilitate innovation.

“Techstars is one of the largest and most prestigious investors in startups around the world. They not only invest time and money but have an extraordinary network that helps light up the path ahead as to avoid pitfalls where many startups fail,” said Vaultoro CEO Joshua Scigala.

Vaultoro has over 4,000 clients from 92 countries that hold over 1.8 mln Euros worth of bitcoin and gold through the platform. Having joined Techstars, Vaultoro will be working on building the world’s largest allocated asset based banking facility with a provable full reserve. These will be digital assets like bitcoin and tangible assets like gold and silver. Sciagala says that Vaultoro is aspiring to become the most transparent bank in the world because of the glass books protocol they have created, inspired by blockchain technology. The company is planning to extend their platform through the integration of the Euro offering a physical gold backed VISA debit card and creating banking app.