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DIGITALX LIMITED — Capital/Financing Update 2015
Mar 2, 2015
64762_rns_2015-03-02_9b039571-eeb4-4a4e-8d14-008bc6b50cf7.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
3 March 2015
digitalBTC Launches First Fin-Tech Product - digitalX Mintsy
Emerging digital payments company Digital CC Limited (trading as digitalBTC) (ASX: DCC) is pleased to announce the launch of the first in a series of Fin-Tech applications, based on the innovative potential of digital currency and the rapid market emergence of Bitcoin.
With over 30,000 pre-enrolments, demand for digital Mintsy has been stronger than anticipated. The product has been developed in a joint venture with digital exchange Cryptsy which will actively promote digitalX Mintsy to its customer base of over 250,000 registered users.
digitalBTC has developed digitalX Mintsy as the first in a series of Fin-Tech applications, working at the very backbone of digital currencies in transaction verification including Bitcoin. The product will appeal to early adopters of digital currency.
digitalX Mintsy is expected to be followed by the launch of digitalX Pocket, which is targeted at the mass consumer market. Pocket is a mobile application for consumers that makes financial transactions simple and more secure and by leveraging the benefits of digital currencies will allow the instant transfer and settlement of funds anywhere in the world, anytime.
digitalX Mintsy will allow customers to lease large scale specialist computing power used to verify a wide range of digital currency transactions, opening up a range of applications for users. In a significant advancement in digital currency technology, users are able to apply this computing power across multiple algorithms and pools.
In addition, digitalX Mintsy will provide a trading platform for consumers to exchange their leased computing capacity contracts, all of which will contribute revenue to the joint venture. digitalBTC also intends to make its own computing power available for lease through the Mintsy platform.
digitalBTC’s Executive Chairman, Zhenya Tsvetnenko stated:
“We are extremely excited by this new consumer launch. digitalX Mintsy is a long term investment which supports an integral part of the digital currency ecosystem - transaction verification and processing. This is the crucial backbone of all digital currencies, including Bitcoin.
As the first in our planned series of applications that unlock the potential of digital currencies, digitalX Mintsy begins with the early adopter community. Our follow on products, particularly digitalX Pocket, are expected to appeal to an even wider audience in the digital currency community.
digitalX Mintsy will allow users to undertake a range of activities in this area, including developing new digital currencies, adding additional stability and speed to existing networks and important research and development activities. It also enables digitalBTC to immediately access a database of 250,000 subscribers, which has been demonstrated by pre-enrollments of over 30,000 for digitalX Mintsy.
As the market understands the value of the underlying technology behind digital currency, we will continue to expand as an integrated payments technology company. We are a first mover in this area, and remain the sole listed company in Australia devoted to digital currencies, and one of very few worldwide.
This is the first of our planned products and we will continue to work on the financial technology platforms that provide users with the tools and easy to use products to access the significant advantages of digital currencies.”
digitalX Minsty Product Features
Mintsy’s customers will consist of companies and individuals that require access to the specialised computing power required to develop novel digital currency applications as well as users wanting to participate in emerging digital currency applications.
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digitalX Mintsy allows customers to lease large scale specialist computing power used to verify a range of digital currency transactions
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Users may contribute their own hardware capacity – with the option of leasing their own capacity to other users at whatever price or duration they determine
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Web based administration
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Once leased, computing power is transferable to other users
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Fully built in cost – no separate power and hosting prices
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Multiple algorithms suitable for use across a wide range of digital currencies, including ability to concurrently work on multiple currencies
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Ability to switch between activities instantly – different algorithms, digital currencies or mining pools and to split capacity across those activities or mining pools
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API access to allow further development on top of digitalX Minsty
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Users can transfer amounts between digitalX Mintsy accounts and Cryptsy accounts, instantly and without charge
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Further improvements and features to come
Further details are available on: https://www.mintsy.co/
-ENDS-
For further information, please contact:
digitalBTC
Zhenya Tsvetnenko Alex Karis Executive Chairman Chief Executive Officer Tel: +61 8 9389 2000 Tel: +1 (617) 544-3150 (x) 1010
Media
Shane Murphy, FTI Consulting Direct: +61 8 9485 8804 Mobile: +61 420 945 291 Email: [email protected] Skype: shane.murphy999