New York, NY (PRWEB) September 25, 2014
Atlas ATS today announced the introduction of a “Price Lock Guarantee” feature allowing clients the ability to lock in a quoted price for up to 60 seconds without the obligation to execute right away. The feature caters to the needs of online payment processors, Bitcoin ATM operators, and retailers that offer Bitcoin pricing to their end customers.
Short-term Volatility Protection
The Atlas ATS API can be used to trade directly with designated market makers who stand ready to provide guaranteed price-lock quoting at all times. The price-lock guarantee provides short-term volatility protection, effectively reducing the risk of exposure to Bitcoin market. Services who quote Bitcoin prices to their end customers can lock in their profits on every transaction without worrying about the volatility of the Bitcoin market.
“The price lock guarantee for payment processors and merchants is the lynchpin of success for digital currencies such as Bitcoin,” said Shawn Sloves, CEO and co-founder of Atlas ATS. “The true value of digital currencies lies in their ability to allow people to transfer funds, from very small amounts to very large ones, very quickly and at little or no cost. Digital currencies increase efficiency and decrease costs for merchants across the globe. But merchants and payment processors aren’t going to accept a currency if they have to accept a lot of short-term risk along with it. They want to know that the currency’s value is stable, at least for the amount of time it takes them to convert back to the currency of their choice. Atlas ATS’s price lock guarantee offers merchants and payment processors that needed stability.”
Direct Settlement / Weekly Settlement
The price lock guarantee feature is designed for direct settlement. Atlas ATS clients who wish to leverage the feature in their operations can enter into direct agreements with the market makers. This allows the parties to settle directly with one another on a weekly basis, alleviating the need to tie up capital with the exchange.
About Atlas ATS
Atlas is dedicated to providing a secure, state-of-the-art trading platform for digital currency. Atlas is driven to be an industry leader in operating a digital currency marketplace and providing innovative products and services for the benefit of the global trading community. The company believes that competition from technology-driven markets increases overall volumes and improves performance, providing benefits to all participants. For more information on Atlas, visit http://www.atlasats.com
# # #
Chief Marketing and Communications Officer
917-398-0013 (x. 805)