Moneybrain Ltd is the administrator for the issuance and transfer of value to the BIPS Foundation which holds the underlying asset value created from the purchase of the tokens.
Moneybrain.com was founded in September 2000. The brainchild of Lee Birkett, the online business was focussed on disruptive fintech. The next stage of its development is bringing the peer-to-peer (P2P) technology developed by Lee's team to the world via blockchain to build an open and fairer financial system for all.
Security: The security offered by blockchain protocols allows us to create a token that can be used to remit, store, or borrow.
Trust: The team have successfully built out and currently operate a fully regulated P2P retail loan and savings platform JustUs.co in the UK.
Privacy: Anonymity will be supported by blockchain smart contracts.
Regulation: None of the activities associated with the BIPS tokens are regulated in the UK, however the standards of data protection (GDPR), Know Your Customer (KYC) and Anti Money Laundering (AML) protocols and segregated client accounts are managed by Moneybrain Ltd.
The value of the token is tacitly stabilised through the publication of the value of assets purchased through the issuance of tokens. Other crypto currencies only have intrinsic speculative value, with no underlying assets. The sentiment of purchasing BiPS is far stronger as 95% of the value of a freshly minted BiPS is used by the BiPS Foundation to purchase real world assets (UK property, Gold etc).
The purpose of the BiPS Foundation is to securely hold these assets (never being able to dispose of the value), continuously publish the value of these underlying assets and with any surplus over and above the speculative value of the issued tokens, build better infrastructure (speed, cost and security) for token holders and create a centre of excellence for the education of digital currencies.
Since the financial crisis in 2008, trust in the world’s banks, financial institutions and governments is at an all-time low and ready for disruption. The blockchain and the BiPS Token holders can influence this global evolution simply and securely by creating a trusted network, using Distributed Ledger Technology (DLT).
We aim to bring trust to the crypto world by creating an underlying value in the BiPS Token.
When the token is used as a payment or exchange, not only will the trade be on the public blockchain ledger, but the network has a fully measurable underlying value as well as any speculative value of an emergent digital currency. This is held in a Foundation which is unable to ever dispose of this value and with any surplus is able to provide education about digital currencies and invest in infrastructure to increase speed and reduce costs to token holders.
Centralised banks exist in their own individual silo’s. They communicate internationally but are governed by their own country’s governments and regulators.
We trust third parties to make the transactions for us. Wouldn’t it be safer if we could do this for ourselves?
Again, we are reliant on the payment systems made available to us by the trusted third parties. These systems may communicate with each other however are subject to some restrictions.
Blockchain is a global solution allowing the decentralisation of the monetary system.
Transactions are recorded at multiple locations with decisions being made by more than one ‘person’. This peer to peer decision making ensures anonymity together with increased security.
Eliminates the borders inherent with centralised solutions.
When you become a member of the BiPS network and community, you are provided access to the secure BiPS portal where you view your transactions. You will have full visibility in a secure and safe environment.
Executive Chairman & CEO
Chief Operating Officer
CTO & Lead Blockchain
Over 20 years’ experience within the corporate finance sector providing advice and capital raising for SME's, focusing on private equity and institutional debt, ensuring business owners and stakeholders are fully furnished with transparent decision-making potential.
An accomplished financial services professional with 20 years’ experience across multiple sectors within the industry. CeMAP qualified. Specialising in FCA regulated residential mortgage lending with significant experience in supporting developers and property managers.
Founding partner in Saatchi and Saatchi in 1970. Knighted in 2007 and was the first recipient of the Lion of St Mark award at the Cannes Festival of Creativity in 2011. Co-founder of The Garage Soho. Creative founder of international advertising agency BBH.
An accomplished FS risk and compliance consultant, Richard was a Director of the Association of Mortgage Intermediaries 2007 -2008. In 2008 to date as CEO of Telos Solutions Ltd, a multi-disciplined management consultancy who are appointed to FCA/PRA Skilled Persons Panel.
A serial tech & web investor and Board member of many disruptive businesses such as lastminute.com, Kobalt Music, Moshimonsters, notonthehighstreet.com. His portfolio companies have already exited over £1 billion in IPOs on NASDAQ, LSE, AIM and via trade sales to Financial Times, France Telecom, Dell, Oracle and Thompson Corp.
An energetic dealmaker in the VC space, focussed on Series A/B fundraising, secondary transactions and fund services; with a strong track record. listed in Insider's 42 under 42 (2012) and prior to this, profiled as a "Rising Star of Deal making".
John is a partner in Metis Law LLP. He deals with all aspects of commercial law, including the preparation of commercial contracts, advising on points of regulatory law (including data protection, intellectual property and consumer credit) and the registration of trade marks.
Managing Director of Sequence Financial Management with over fifteen years’ industry experience. Specialist advisor to both corporate and individual clients specialising in Pensions (SIPP & SSAS), Investments, Alternative Investments, Tax Planning and Finance.
Any questions? Reach out to us and we’ll get back to you as soon as possible.