BizX Announces Release of Mobile App: Making It Easier and Safer for Members to Use BizX Digital Currency

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3 Δεκ 2013 (πριν από 3 χρόνια και 8 μήνες)

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BizX Announces Release of Mobile App: Making It Easier and Safer for
Members to Use BizX Digital Currency



Unlike volatile or rogue digital currencies, BizX offers members a safe and trusted
place to buy and sell



Bellevue, WA, June
18
, 2013

BizX
,
a

trusted community of businesses that uses a private digital
currency
in lieu of US dollars

to buy and sell, announced today the official release of its
mobile
app

that
make
s it safer and easier to spend and receive BizX dollars on the go.

Since 2002, BizX has offered its members

a safe
place to

trade
goods and services with other members

using its
digital
currency
, BizX dollars. After joining the BizX community,
members benefit from
increase
d sales,

new customers,
increase
d

profits
, lower inventory and more cash
on hand
.

Until recently, members had the opportunity to find other
members on the BizX website

or by contacting their BizX Account Manager who is responsible for
making sure members get the most out of their BizX membership. Now, members can easily use the free
app to find other members, send and receive payments and view their BizX account.

With

thousands of active members, t
he BizX community is comprised of businesses from a wide
-
range
of industries including: hotel, restaur
ant, media and advertising, spa and
w
ellness, construction, and
home and
office improvement.
Some
BizX members

include: Inc. Magazine, Oakland Raiders, Greater
Seattle Chamber Of Commerce, Walt’s Auto Care Centers, Qliance, The Melting Pot, Lunchbox
Laboratory, and Cactus Restaurants.

“We are thrilled to give our members a ne
w product that will make it easier for
them

to connect with
one another and use BizX. This release comes at a very interesting time in the world of digital
currencies. With the
B
itcoin
mania

and

the
Liberty
Reserve

scandal
, we want to
ensure

we effectively
communicate how different BizX is from

these other players,” states Erik Chelstad, VP of Tech

for BizX.

“In short,
BizX is

safe, easy, transparent and accountable
…and of course, legal.
We support real
businesses,
with

a real product

that helps
them
grow

and prosper
.”


Chelstad

adds

“t
he original thesis behind Bitc
oin was to devise a payment method bas
ed upon
cryptographic proof inst
ead of trust. BizX is a network of businesses

based on trust and
transparency

with our
own payment system.”

With
numerous
digital currencies and tr
ade networks, it can be confusing to
choose
the

right

digital
currency for your business
. Here are a few factors to consider:


1.
Security and stability
. Is the currency backed by an organization or government? Is it vulnerable to
hacker attacks? Does the cu
rrency experience wide swings in value? Unlike Bitcoin and other digital
currencies, the value of a BizX dollar (1 BizX$=1 US$)

is secure and safe; It is

backed by its large
community of businesses using its currency to buy and sell.


2.
Legal
.

Does the cu
rrency comply with IRS rules and regulations?
BizX income is taxable in the year in
which the sales occur. In 1982, the United States Congress passed TEFRA, the Tax Equity Fiscal
Responsibility Act. TEFRA recognizes
trade exchanges, like BizX
, as third
-
par
ty record keepers of barter
transactions and stipulates that all BizX revenue earned is treated as income
.


3.
Purchase

goods and services.

What products and services can be purchased using the currency? It’s
important to research the list of participatin
g businesses to make sure that their services and products
align with needs. BizX has thousands of participating businesses representing a wide range of industries.


4.
Support
. Is it easy to contact the currency provider? Is support readily available? It’s valuable to have
access to on
-
going customer
support. BizX offer its members a place to interact on the web, but offers
customer support to help maximize the overall BizX experience.

About BizX

BizX is a trusted community of businesses that uses a private digital currency called BizX dollars, in lieu
of US dollars, to buy and sell (1 BizX$ = 1 USD$). BizX members trade goods and services with other
members to increase sales, attrac
t new customers, save cash, increase profits and sell excess inventory.
The simple truth is that when businesses thrive, communities flourish. This is the reason BizX exists: to
empower communities by enriching trade. In 2012,
BizX members used BizX digita
l currency to purchase
$60M worth of goods and services, resulting in cash savings of $30M. Founded in 2002, BizX has offices
in Seattle, San Francisco and Dubai. For more information, visit BizX at
www.BizX.com
.



###




Media Contact

Julia Christman

Atlas Accelerator

206
-
226
-
6643

Julia@atlasaccelerator.com

www.BizX.com