BitMinutes Incorporates European Subsidiary in Lichtenstein
VADUZ, LICHTENSTEIN - 03/20/2018 — BitMinutes announces that they have established their European headquarters in the Duchy of Lichtenstein. BitMinutes GmbH was incorporated in early March as a wholly owned subsidiary of U.S.-based BitMinutes LLC, during a visit to Vaduz by BitMinutes Founder and CEO Tom Meredith.
Lichtenstein presented a number of advantages over other candidates for establishing a European base, with the closest competitor being Switzerland. Both are developing banking and regulatory regimes that are attractive to cryptocurrency innovations and the companies developing them, as explained by Meredith in an interview soon after the incorporation documents were signed.
“Lichtenstein is a small country with nimble regulators,” said Meredith. “While Switzerland is also crafting banking guidelines that will be attractive to companies working to build better financial services around cryptocurrency innovations, Lichtenstein has taken the Swiss template and already implemented it. This gives us the opportunity to keep our pace up. With an ICO launching in just a few weeks, time is definitely of the essence.”
Lichtenstein has also given its banks the latitude to exchange hard currency (Swiss Francs, U.S. Dollars, for instance) for cryptocurrencies like BitCoin and Ether.
“Accepting cryptocurrencies opens the door for us to do business with like-minded people, who are already owners of these new currencies, but like our financial inclusion business mission better,” explained Meredith. “We are creating fintech innovations designed to massively reduce the cost of delivering reliable and transparent financial services. This will draw the two billion people who live in economically disadvantaged communities around the world, into the formal economy. Our mission is attracting a lot of attention, because it may be the first time that the financial inclusion nut is truly cracked.”
“Perhaps the biggest advantage of exploring Lichtenstein as our European home, though, is that it led us to Pablo Coirolo, ex-CEO of Telefonica in Uruguay,” concluded Meredith. “We have crafted an association with Pablo to have him serve as our licensed representative in Europe. We could not be more excited than to have the energy and counsel of Pablo added to our team.”
For anyone interested in learning more, or potentially participating in the pre-ICO or ICO, please visit www.bitminutes.com.
About BitMinutes LLC
Based in Atlanta, Ga., BitMinutes LLC is a start-up fintech company selling BitMinutes, which are a new token of exchange, a universally accepted version of airtime minutes that can be sent to any mobile phone globally, regardless of mobile phone carrier. Backing up the BitMinutes tagline “Better than BitCoin for Billions,” BitMinutes tokens enable micro-lending and peer-to-peer cash transactions to over 2 billion bank accounts in 70 countries, and prepaid top-up to over 4 billion mobile accounts in over 200 countries. BitMinutes will facilitate access to capital across the globe in communities where lending is rare and too expensive for most individual borrowers. BitMinutes ownership and transactional records will establish a new type of consumer credit score for emerging market consumers who currently struggle with limited access to capital and a lack of traditional banking services.
Contacts:
Tom Meredith
CEO
BitMinutes
tom@bitminutes.com
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