Moneybrain Ltd is the trusted holder and administrator for the cash and assets acquired on behalf of BiPS Token holders. This trusted holder is known as a custodian. The custodian is a financial institution that holds assets for safekeeping to minimise their theft or loss. Moneybrain Ltd, as an FCA regulated business will seek to ensure funds are held in segregated client accounts when appropriate.
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: Building on established and accredited United Kingdom compliance standards of data protection (GDPR), Know Your Customer (KYC) and Anti Money Laundering (AML) protocols, we will be significantly increasing the global access, operational efficiency and liquidity of the marketplaces for assets that are not currently tokenised, such as Property and Debt Instruments.
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 will have underlying resources and real-world stores of value via property and/or other assets.
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.
Our token offering will run utill the hardcap is reached. Full details of the token offering can be found within the BiPS platform.
JustUs receives full FCA authorisation
JustUs applies to the FCA regulatory sandbox to include JustUs Home Finance Products (P2P Residential Mortgages) as a new product.
Global Digital Finance (GDF) formed as not-for-profit global industry body driving the acceleration and adoption of digital finance technologies for the next era of digital commerce.
Initial discussions regarding feasibility of bringing a new, stable, cryptocurrency to market undertaken.
JustUs response to FCA CP 18/20 3 month Crowdfunding Consultation submitted.
Moneybrain BiPS team support the UK Government Cryptotaskforce final report.
GDF releases Code of Conduct to drive global industry standard in crypto assets.
Private pre-sale of BiPS Utility Token commences.
Public sale of BiPS Asset Token.
Platform live date & BiPS Token trading commences.
Global PR Roll-out commences.
BiPS Network expanding globally and asset acquisition to maintain network stability and liquidity in full flow.
GDF Response to ‘Financial Action Task Force’ ‘40’ Recommendations: “Public blockchains are in many ways a regulators best friend; a persistent, irrevocable record of every transaction ever”
“Regulators should look forward to a world where it’s mathematically impossible for a cryptoasset to be sent from or received by a wallet without the trade being compliant”
“Once crypto is in widespread use, consumers will demand that it be as safe and secure as possible.” Source
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.
The BiPS utility token is being issued as a payment instrument, for the sole purpose of building the BiPS network and community.
The acqusition of the BiPS Token is not an investment in a company or a security.
BiPS is a cryptocurrency, which is essentially digital money. Cryptocurrency is not recognised by the issuing country’s government or laws and is not classed as a real fiat (local) currency. Transactions made with these currencies are generally anonymous, secure and cheaper than ‘traditional’ bank-based contracts.
A utility token offering is the first available opportunity to participate in the formation of a newly launched cryptocurrency and community.
This initial offering is available with potential for incentives and rewards and the token can only be purchased with other digital currencies. The offering will have restrictions placed on when the currency can be used or exchanged.
Utility token offerings are not regulated by the Financial Conduct Authority (FCA). It should be understood that there is a high risk involved with these currencies.
Digital wallets don’t store physical currency. The purpose of a digital wallet is to track balances of your cryptocurrency.
It is also key to how you send and receive cryptocurrency.
All digital wallets have a private key and a public key. The private key is the unique number that lets you access your wallet and initiate transactions on the network. The public key is the number you share with others so that they can view your wallet and send you funds.
A digital wallet is crucial in the world of digital money.