For Alternet Systems, Inc. (OTCQB:
ALYI), the world is its oyster. The company’s mission is to provide innovative
solutions that facilitate and expedite commerce by enhancing customer
experience and improving efficiency. To do so, it has transformed itself into
an accelerator of high growth, emerging companies in the digital currency,
multi-channel payments and mobile and digital security fields.
Alternet plans to make strategic
investments in three high-growth markets. These are payment technology,
financial technology, and data analytics. It’s been building the relationships
to get things done. As part of its plan to enter into arrangements with select
digital currencies, it has, since February 2014, through its wholly-owned
subsidiary Alternet Financial Services, become an Authority for ven. Ven is a
digital currency used in Hub Culture, an elite by-invitation-only social
network founded in 2002. Ven is unique as a digital currency since, unlike
other crypto-currencies, its value is determined by a weighted basket of
currencies, commodities and carbon futures trading against major currencies at
floating exchange rates. Consequently, it is also the first digital currency to
float and the first to include carbon in its pricing, making it the only
environmentally-linked currency in existence. Ven in circulation is completely
backed by the reserve assets of major currencies, commodities and carbon
futures.
The company has also entered into
a strategic joint venture that leverages its knowledge of crypto-currencies. It
is partnering with the Swiss company, Biometry AG, to integrate Biometry’s
BioME into its existing payment system’s anti-money laundering and anti-fraud
aspects, according to a report (http://dtn.fm/X7aGo) by Biometric Update. The
use of BioMe will replace Alternet’s previous use of passwords and PINs with
dynamic facial and voice recognition elements in the ID system and so provide
end to end security for digital currencies. Biometry’s patented secure payment
applications will be fully integrated into Alternet’s line of digital currency
services, which includes OneMarket’s Digital Asset Exchange and the Alternet
Financial Services, Digital Bank initiatives.
Alternet has also signed a Letter
of Intent with P2P Cash to launch the Digital Asset Exchange initiative under
the OneMarket subsidiary, subject to approval of the license by the New York
Department of Financial Services. Under this Letter of Intent, the company
plans to launch a digital currency exchange, fully compliant with government
regulations and foreign exchange capabilities. The company is actively pursuing
and preparing to apply for a license with The New York Department of Financial
Services to be allowed to receive, transmit, store, exchange, issue or convert
virtual currency for customers.
Alternet has also entered into a
strategic channel partner agreement with BitPay – the world leader in business
solutions for the Bitcoin digital currency. In October 2014, the company
completed a formal agreement with Wildcard Consulting Inc. to launch the first
U.S.-based Bitcoin debit card.
Alternet is being led to these
milestones by Henryk Dabrowski, chairman and chief executive officer of
Alternet Systems, Inc. Dabrowski has 25+ years’ experience in creating, leading
and successfully harvesting information technology and telecom ventures on a
global basis. Over the last 10 years, he has been actively investing in both
public and privately held companies. He has extensive experience in emerging
financial transactions platforms, including mobile wallets, convergent payments
schemes, network file systems (NFS), stored value and prepaid services. From
October 2009 to March 2014, Dabrowski was the chairman and CEO of Utiba
Americas, a leading developer of mobile financial services software solutions,
which, through his efforts, reached 66% market share in the Americas. Under his
leadership, Utiba Americas, successfully engaged projects with America Movil,
Digicel Group, Tigo, Citibank and several other banks and Mobile Network
Operators. Utiba Americas was successfully and profitably sold to Amdocs
(NASDAQ: DOX) in March 2014. Before that, Dabrowski was CEO of a joint venture
with the Chinese firm Tianjin Contactless Payment Systems (TCPS), which
provided multiple NFS prepaid fare collections systems for the transportation
industry in the Americas.
For more information, visit
www.alternetsystems.com
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