ETHEREUM is often sidelined by Bitcoin, but it offers a robust blockchain to build upon and opens up crypto by allowing new cryptocurrencies to build on its network.
Many of you will know that BiPS, our asset-backed native token, is on the Ethereum network and enjoys the protections of the Ethereum blockchain, along with the ability to send and receive crypto on its blockchain.
Before Ethereum, cryptocurrency networks were mostly exclusive to one currency, and this meant there was a great deal more work associated with entering crypto.
Ethereum changed the game by allowing people to mint their own tokens on its blockchain, which in turn allowed crypto communities to build on the robust Ethereum infrastructure and use it to develop fully functional crypto tokens.
It also popularised self-executing smart contracts that can be coded into DeFi products to streamline processes and procedures, opening up opportunities for greater efficiencies and underscoring the value of having a blockchain that promotes entrepreneurial efforts and self-starters as well as corporations, enabling involvement in the crypto world without the requirement to have an independent blockchain network.
Expanding on BiPS
BiPS, the native token from Moneybrain, adopts a distinct yet synergistic strategy: it is an ERC-20 token on Ethereum with a fixed cap of 500 million tokens.
In contrast to mere scarcity-driven models, BiPS is asset-backed to ensure greater stability and operated on a foundation-based no-shareholder model, underpinned by tangible holdings such as GBP, EUR, USD, liquid property, gold, secured loans and leading cryptocurrencies.
Moneybrain is proud to be on the robust Ethereum network, as we continue to grow our user base for our BiPS asset-backed token and our stablecoins for ease of remittance and settlement.
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