FinTech Alliance company Moneybrain, which offers digital money backed by real assets, has announced it will be joining Visa’s Fintech Fast Track programme.
In Brief:
- Moneybrain is working with Visa and Railsbank to deliver its digital money solution to the US market.
- In the UK, it already offers the ability to convert and spend cryptocurrency at 70mn global merchants.
- Visa’s Fast Track programme will enable it to more easily integrate the solution with Visa and Railsbank.
What does this mean?
Lee Birkett, Founder and CEO of Moneybrain, says that “old money is out, new digital money is in!”
“FinTech firms, and in some cases big technology firms, are developing alternatives to traditional forms of money,” he explains. “Moneybrain, as a UK regulated peer-to-peer platform, have developed their own asset backed digital money (BiPS) that can be bought with traditional currencies (£$€) and stored in the global Moneybrain Super App.
“BiPS can also be exchanged in-app with world leading crypto currencies Bitcoin and Ethereum plus many others. We will continue to build an open and fairer financial system for the world with the Moneybrain Digital Asset Visa Card.”
