Building a bridge between the financial world and digital currencies.

Bitcoin Activity Stack against Other Network Payments

daily transactions volume in millions of USD

Current Investments in Bitcoin/Blockchain

Since 2011, more than $800M have been invested in bitcoin and blockchain technology startups. Below are listed the top companies which have received the largest investments:

  • 21 Inc. - $116M (Andreessen Horowitz, Cisco Investments, Qualcomm Ventures, RRE Ventures, Khosla Ventures)
  • Coinbase - $107M (Andreessen Horowitz, New York Stock Exchange, Union Square Ventures, Banco Bilbao Vizcaya Argentaria Ventures (BBVA), USAA)
  • Circle Internet Financial - $76M (Goldman Sachs, IDG Capital Partners, Breyer Capital, Accel Partners, General Catalyst Partners, Oak Investment Partners, Fenway Summer, Digital Currency Group, Pantera Capital)
  • XAPO - $40M (Benchmark Capital, Greylock Partners, Index Ventures, Fortress Investment Group, Ribbit Capital, Emergence Capital Partners)
  • BitPay - $32.51M (Index Ventures, Founders Fund, Felicis Ventures, Richard Branson)
  • Blockchain.info - $30.5M (Lightspeed Venture Partners, Prudence Holding, Richard Branson, Mosaic Ventures, Wicklow Capital)
  • Chain - $30M (VISA, Nasdaq, Citi Ventures, Capital One, Fiserv, Orange)
  • itBit - $28.25 (RRE Ventures, Canaan Partners, Liberty City Ventures, Jay W. Jordan II, Raptor Capital Management, James Pallotta)

Current Investments in Ripple

To date, Ripple has raised a total of $41M from lead investors:

  • Google Ventures
  • Santander InnoVentures
  • Andreessen Horowitz
  • IDG Capital Partners
  • CME Group
  • SEAGATE

Today

MyMoneyEx is a:

  • Bitcoin Wallet Provider
  • Bitcoin Trading Platform
  • Ripple Gateway
  • Ripple Wallet Provider

Focus on security

  • SSL certificates with A+ rate, sacrificing old browsers and protocols to improve security.
  • Process isolation. Every service is isolated in a linux container and every container runs on a cluster of dedicated hardware.
  • Cryptography everywhere. Important information (like private keys) is always stored using Advanced Encryption Standard (AES256).
  • In order to prevent source code distribution all our important services are written in the compiled language Go (Golang) initially developed at Google.
  • Two-Factor Authentication (2FA) via email and soon via TOTP (Google Authenticator).

Bitcoin Wallet Provider

MyMoneyEx allows customers to hold bitcoins in two different types of wallets:

  • A “2 of 2” multi-signature wallet where one private key is held by the customer and one is kept online by MyMoneyEx.
  • A “2 of 3” multi-signature wallet where one private key is held by the customer, one is kept online by MyMoneyEx, and the third private key is kept offline also by MyMoneyEx.

MyMoneyEx is always in possession of at least 50% of the keys required to perform a transaction, which enables the acceptance of real-time transactions preventing the double spending problem. For the same reason, MyMoneyEx has the capability to block accounts whenever suspicious activities are detected.

Bitcoin Trading Platform

MyMoneyEx Trading Platform manages limit order books in all major currencies and supports fast and reliable order executions.

MyMoneyEx has an industry-leading trading interface easily accessible via regular web browsers, tablets and smart phones.

MyMoneyEx will offer a complete set of advanced order types and chart trading indicators to all individual traders and professional traders.

MyMoneyEx will soon provide a trading Application Interface (API) and a Script trading API to all algorithmic traders.

Ripple Gateway

Ripple gateways are entry and exit points for the Ripple network.

By acting as a Ripple gateway, MyMoneyEx is able to provide customers a strong (cryptographically secure), reliable, cheap and fast global payment network (every transaction is processed in a few seconds ~5sec).

MyMoneyEx also acts as a proxy payment middleware allowing customers to accept payments via Ripple without exposing their Ripple Address, safeguarding the privacy of the payment receiver.

Ripple Wallet Provider

To improve the usability of the platform and allow users to access the Ripple network without any frictions, MyMoneyEx provides every customer a managed account with the proper trust lines in place and funded with the needed amount of XRP.

In this way customers can start making and receiving payments without making any additional procedure.

The Future

MyMoneyEx is developing various solutions with the intention of becoming a leader in the financial transactions processing industry.

For this reason, MyMoneyEx intends to create an ecosystem of tools that allows every player of the market to easily participate in the system.

MyMoneyEx aims to build partnerships with banks, companies and investment funds in order to develop a proper infrastructure to better serve any target system.

The Ecosystem for Companies

MyMoneyEx intends to become the exclusive payment infrastructure provider for a company (or a group of companies) and its clients.

By using MyMoneyEx companies will have access to a powerful network which will give them the ability to:

  • directly accept payments from customers (via Mobile, Web, etc.) automatically accepting Bitcoins, Ripple, Credit Cards, Wire Transfers;

  • make/receive payments to/from business partners using digital currency services or traditional banking services;

  • issue digital securities to be sold and settled within the platform.

The Ecosystem for financial institutions

Opportunities for banks - Every amount of fiat currency deposited into MyMoneyEx must be safely stored in a bank. Due to the way the system works, the majority of funds are not transferred via SWIFT, but only logically allocated between Customers, which creates a pool of funds locked in one or more banks as a deposit.

Opportunities for investments funds - Every business operation needs liquidity (e.g.: trading of issued securities, money conversion) and an investment fund can easily make profits by providing this required liquidity.

The Ecosystem

MyMoneyEx will integrate with banks and funds (via APIs) in order also to provide traditional financial services.

The Ecosystem

MyMoneyEx will operate a Multilateral Trading Facility (MTF) where:

  • companies can issue securities;
  • companies can be listed;
  • customers can buy/sell stocks/bonds/etc.;
  • customers can buy/sell derivatives based on crypto-currencies, crypto-assets and any other structured product.

MTFs also provide an opportunity for banks/investment funds, as they are authorized to issue instruments and act as specialists.

The Ecosystem

MyMoneyEx will operate an eCommerce platform allowing companies to sell merchandising and generic products in a unique and safe place where everyone can make purchases using any of the available payment options.

MyMoneyEx will provide tools which can be easily integrated in any other eCommerce platform.