Press Release (ePRNews.com) - Henderson, NV - Aug 09, 2016 - MarilynJean Interactive (MJMI.QB) today announced it has expanded its business plan and acquisition target search into the blockbuster new crypto-currency Ethereum. Ethereum’s market capitalization already exceeds $900 Million. The Wall Street Journal recently reported that with a rising market value and a roster of high profile patrons, Ethereum is the next hot thing in cryptocurrencies.
Ethereum is an open software platform, comprising a currency called Ether, a public blockchain ledger for keeping track of transactions and tools for building smart contracts that automatically make payments when their terms are fulfilled. Anyone can develop new applications that make use of its code which allows for the creation of financial structures that can run themselves.
Some of these applications include:
The creation of multisignature escrow contracts.
The construction of peer-to-peer gambling.
Savings wallets where only a percentage of funds can be withdrawn, but turned off if jeopardized.
A decentralized data feed where users can provide a value.
The growth of predictive and decentralized marketplaces.
Automating trade finance.
Tracking loyalty points and gift cards.
Ethereum takes the decentralized network that powers Bitcoin and repurposes it for much broader use. Ethereum can run entire futures and options markets. These are multi-billion dollar industries currently run by major stock exchanges around the world.
Microsoft (NASDAQ:MSFT) gave the fledgling platform a big boost last October when it integrated Ethereum into its Azure business-services product.
Peter Janosi, MJMI’s president said: “Ethereum is poised to change the way a huge range of contracts are fulfilled and executed. Imagine a world where options and futures contracts could be independently verified and executed, bypassing traditional stock exchanges. This technology has the potential to completely change the way billions of dollars of financial instruments and are traded and settled. We are excited to be expanding our plans to include this exciting new crypto-currency.”
MJMI is in the business of providing safe and accessible services for the users of Bitcoin and other crypto-currencies.
Crypto-currencies are a medium of exchange using cryptography to secure transactions and control the creation of new units. Bitcoin became the first decentralized crypto-currency in 2009. Crypto-currency is produced at a rate which is defined when the system is created and publicly known. By contrast, in centralized banking and economic systems, such as the Federal Reserve System, corporate boards or governments control the supply of currency by printing units or demanding additions to digital banking ledgers. However, neither companies nor governments can produce units of crypto-currency and as such the value of crypto-currencies are completely based on supply and demand, free from any governmental control. Many people believe crypto-currencies, and in particular bitcoin, hold the promise of being the most significant advancement in global finance in modern history. The advent of bitcoin creates a secure, easily accessible and transferable transnational currency that is completely liberated from political influence.
MJMI is currently exploring partnerships in several verticals within the crypto-currency space, including the multi-billion dollar remittance market. Management believes that several industries, including both international remittances and online gambling are on the verge of being revolutionized by the use of Bitcoin to effect transactions.
MarilynJean Media Interactive is among the first publicly traded companies focussed on bitcoin and the crypto-currency space. The company’s trading symbol is MJMI.QB.
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