MarilynJean Interactive (MJMI.QB) Eyes Q4 Partnership
MarilynJean Interactive (MJMI.QB) today announced it has made significant advancements in pursuing a partnership with an established operator in the BitcoinATM and currency exchange space.
The potential partner has requested and been provided by MJMI with a draft Letter of Intent. MJMI plans to acquire an equity position with an owner / operator of Bitcoin ATMs that is also involved in digital currency to hard currency exchange space.
This strategic partnership will not only allow MarilynJean to offer users a faster and less expensive way to buy and sell Bitcoin but also opens the door to the multi-billion dollar international currency exchange and remittance market.
In recent months, the value of Bitcoin has skyrocketed over 40% from less than $450 to over $650. This price jump along with the increased adoption of the underlying blockchain technology by financial institutions continues to draw capital and investors to the space.
MarilynJean constantly monitors the Bitcoin market and is excited that usage of daily bitcoin transactions continues to increase dramatically. According to blockchain.info, the average daily transaction volume has increased approximately 300% since August of 2015, hitting a high of over $430 million in a single day in June of this year.
Peter Janosi, MJMI’s president said:
“The fact that a potential acquisition target has pursued us and requested an LOI further validates our activities in this space. We are working with our partners to build networks that can handle transactions involving all currencies and other financial instruments.”
MJMI is current with its SEC filings and listed on the OTC:QB.
About MJMI
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.
Website: http://www.marilynjean.com/
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