DELRAY BEACH, FL -- August 22, 2022 -- InvestorsHub NewsWire --
Moon Equity Holdings Corp. (OTC
symbol MONI) The long-anticipated launch of BitGift® has now
taken place; the first phase of our platform is now available to
users in the United States with the temporary exceptions of New
York and Hawaii. BitGift® was designed with an industry-brand-new
ability to choose, store, send, and receive cryptocurrencies as a
gift. BitGift® currently offers the following cryptocurrencies to
be sent as gifts: BTC (Bitcoin), SOL (Solana), and certain
Ethereum-compatible coins such as ETH (Ethereum), AVAX (Avalanche),
MATIC (Polygon), and more. BitGift® offers its own hot wallet which
supports storage for all aforementioned coins, and more coming
soon. BitGift® is in the process of creating an enhanced hot wallet
which will accommodate over 2,000 additional coins that will be
coded for use in accordance with anticipated demand from our
customers. BitGift® is currently working on integrating additional
Ethereum, Bitcoin, and Solana groups of coins for use in the hot
wallet which will be available shortly. Our programmers are also in
the process of developing a BitGift® mobile application which will
soon be made available for iOS and Android users. Gifting crypto on
our website and mobile app will be a seamless experience for all
users. Social media and marketing efforts have already been
underway to build the BitGift® brand and to expand its user base.
BitGift® is currently seeking additional partners and has plans for
global expansion within North America, as well as expanding to
South America, Europe & Asia. Visit our website to send a
BitGift® now to your friends and family:
https://theBitGiftcard.com/
In April 2022, MONI contracted with Blue Monkfish, a web design
and digital product photography agency, to design, build, and
manage the BitGift® website. The CEO of Blue Monkfish, Danny Sing,
has been instrumental in forming several alliances for BitGift®. As
a result, the BitGift® platform is now powered by and leveraged
through Sardine, Streambird, Magic, and Stytch. The encryption
security protocols for BitGift® are all controlled and implemented
through Sardine, Streambird, Magic, and Stytch.
MONI, through BitGift®, has contracted with Sardine, which is a
platform that provides risk-free ACH, with instant fund settlement.
The payment system for BitGift® is powered by Sardine. As stated on
Sardine’s website, “[Their] team built the fraud prevention and
compliance infrastructure that scaled both Coinbase and Revolut,”
“fought ghost-riding at Uber, and built fraud protection for Bolt
and PayPal.” With Sardine’s technology, BitGift® users will never
have to worry about fraud; additionally, users will be able to
process “fund settlement[s] without the wait times [for] bank
payments, international remittances, virtual cards, and crypto,” as
well as benefit from more payment options. BitGift® takes on full
liability for chargebacks and returns. There will be instant
account funding and payments using bank ACH that is regulatory
compliant with instant bank ACH to crypto purchase. This BitGift®
payment system is built for the Fintech Industry. Based on
information existing from fighting fraud at the world's leading
crypto and fintech companies, we have built a product that you can
use with peace of mind. Sardine is licensed through BitLicense
through the Department of Financial Services (DFS) and the
Financial Action Task Force (FATF) Travel Rule.
https://www.sardine.ai/
BitGift® has also contracted with Streambird, which provides
top-of-the-line infrastructure tools for developers. Streambird
will supply BitGift® with the ability to create a seamless and
secure experience for our users to interact with our product.
BitGift® chose to integrate our hot wallet through Streambird so we
can provide our users with flexibility. Users will have the ability
to move their assets from the BitGift® platform into other personal
wallets if they desire. Streambird provides BitGift® with “one API
& SDK for passwordless auth[entication], wallet login, wallet
creation, key management & KYC.” Streambird’s API is used to
“streamline [developer’s] Web3 user onboarding using [their]
unified future-proof identity infrastructure;” it also enables
developers to utilize “an email, phone number, or social login” so
that users can seamlessly create and access their BitGift® account.
All of these enhanced features are what help make BitGift® one of
the most seamless, safest, and highest-security encryption
platforms for sending and receiving crypto.
https://streambird.io/
BitGift®, through Streambird, is powered by Magic, which is the
“#1 user authentication and private key management solution for
Web3 and Web2.” Magic provides “secure and seamless Web3
experiences”, such as simple onboarding, unified wallet UX, secure
transaction and wallet management, and more. Further, Magic boasts
compatibility with 30+ programming languages and 20+ blockchains.
Additionally, they have amassed over 91 thousand developers who
support over 9 million users. Through the use of passwordless
authentication (also known as “magic links”), Magic provides
“enterprise-grade security and compliance” to their end users which
ensures “peace of mind without using passwords, seed phrases,
solving crypto adoption key challenges,” and more, which further
enforces account security.
https://magic.link/
“Magic encrypts all of its databases, snapshots, automated
backups and replicas with the industry-standard AES-256 encryption
algorithm. The encryption and decryption are done automatically
when data is written and read from the data storage.” “Magic is
regularly audited by NCC Group as well as internal and contract
security professionals.”
https://magic.link/docs/home/security
“The NCC Group is an information assurance firm headquartered in
Manchester, United Kingdom. Its service areas cover software escrow
and verification, cyber security consulting and managed services.
NCC Group claims over 15,000 clients worldwide.” The NCC Group has
“a significant market presence in North America, the UK,
continental Europe and a rapidly growing footprint in Asia
Pacific.”
https://www.nccgroup.com/uk/
https://www.nccgroupplc.com/what-we-do/at-a-glance/
Finally, BitGift® will be contracting with Stych, which also
“provides simple and secure passwordless authentication solutions.”
“Stytch is compliant with a range of industry standards and
frameworks,” and they “[maintain] a SOC 2 type II report attesting
to the company’s compliance with the AICPA’s Trust Service
Criteria.” “Stytch is compliant with the Health Insurance
Portability and Accountability Act [HIPAA] as a business
associate.” “Stytch is committed to complying with and helping its
customers comply with the General Data Protection Regulation (EU
2016/679 GDPR) and California Consumer Privacy Act (2018
CCPA).”
https://stytch.com/
https://stytch.com/blog/4-ways-to-use-stytchs-embeddable-magic-links%EF%BF%BC/
https://stytch.com/docs#security_compliance
Now anyone can “Give the Gift of Investment” through BitGift®,
which converts hard currency into crypto by sending funds through a
safe and efficient manner that is very secure and reliable. With
BitGift®, users can utilize their gifted funds to invest in and
accrue value on any cryptocurrencies of their choosing that are
offered on the BitGift® platform. They will also have the ability
to use their BitGift® digital hot wallet to make purchases anywhere
that gift cards are accepted. BitGift® is Moon Equity Holdings
Corp’s first revenue-generating product delivered through its newly
created platform.
“A lot of work went into the integration of Sardine, Streambird,
Magic, and Stytch in union with the BitGift® platform. The platform
has now been completed, and the company can now move forward with
putting itself in position to generate significant revenues,” said
Mr. Sing, CEO of Blue Monkfish. Sardine expects the use of credit
cards to be available as an additional payment method in the coming
weeks. Soon, BitGift® users will have the ability to cash out from
their BitGift® hot wallet and transfer the funds to their
debit/credit card in the near future, which will be powered by
Sardine. BitGift® will be providing 24-hour email-based customer
service to all users, and will offer as close to an immediate
response as possible for our customers.
MONI will generate revenues from the standardized service fees
that will be received every time somebody sends a gift through
BitGift® or uses any one of its other featured products through the
platform. Each service fee consists of a 50/50 split between
Sardine and MONI that is estimated to range from a minimum of .50
to $1.50 per transaction for each company for each of the products
and services provided. The company expects a high transaction rate
of its products and services daily. The company expects to achieve
its first milestone of selling 100,000 cards in short order. The
second milestone will be to sell over 500,000 cards. The third
milestone will be to sell over 1,000,000 cards annually and have
over one million annual users. The company believes that it will
have at least a 70% net profit margin from the revenues generated,
because its operation is automated. A global marketing program is
being put in place to make sure these milestones are achieved. The
minimum amount of $50 and the maximum amount of $2,000 will be
allowed for each BitGift® transaction to go into newly created
wallets. Users will be allowed to do as many $2,000 transactions as
they desire.
A large variety of additional products are on track to be
released soon, now that the platform has been created. Currently,
BitGift® allows users to utilize a hot wallet within their account
which acts as liquid online storage. Additionally, BitGift® plans
to implement another new feature that will allow users to turn in
old, unused gift cards for crypto; this means that unused gift card
balances will be provided to users for conversion into their choice
of any cryptocurrency that is offered through the BitGift®
platform. Finally, BitGift® has plans to roll out yet another new
feature called MONI Pay™, which will enable users to pay personal
bills through a correlated BitGift® account. These are just a few
of many features that BitGift® has in store for the future as it
works to create a diversified platform and seamless experience for
its users.
BitGift® is the new way to gift crypto. Additional plans to
introduce a rewards program, featuring BitRewards™, are underway.
Soon, we will offer users an option to obtain their own cold wallet
through our rewards program. This new program will make BitGift®
available virtually everywhere. Once implemented, BitGift® users
will be able to utilize Participating Partner’s BitRewards™ through
the BitGift® platform; meaning, any rewards gained through vendors
will be offered to the user for the option of conversion into
cryptocurrency investments on our platform. Therefore, BitGift®
will enable users to spend hard currency in exchange for tokens as
a reward which can be converted into cryptocurrency investments on
the BitGift® platform.
Our rewards program developers are currently seeking
partnerships with a variety of vendors which can include but is not
limited to: Hotels, Casinos, Cruise Lines, Retail Stores,
Restaurants and many other merchants, which will offer BitRewards™
in return for the purchases of their goods and services. MONI is
currently in the process of creating a token for the BitRewards™
program that will be backed by Ethereum at the value of $1.00 per
token. The token will be available for purchase through BitGift®
and will be obtainable through our BitRewards™ program.
Additionally, a Visa debit card will be provided as an option to
users as a physical replacement for their hot wallet, should they
want a virtual and physical experience.
Many times, consumers wish to invest in crypto but don’t have
the time or money. BitGift® will be the first of its kind in the
global marketplace to simplify the crypto experience by offering
digital tokens which transform vendor reward points into
cryptocurrency investments. The BitGift® platform will be available
for New York & Hawaii state residents sometime within this
fourth quarter of 2022, but is currently available throughout the
US in its entirety. Stay tuned for future updates through PRs, our
websites, and social media sites below:
https://thebitgiftcard.com/
https://moonequityholdings.com/
https://www.instagram.com/thebitgiftcard/
https://twitter.com/moon45184976?lang=en
Safe Harbor Statement
This release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E and or 27E of the Securities Exchange Act of 1934
that are based upon assumptions that in the future may prove not to
have been accurate and are subject to significant risks and
uncertainties, including statements as to the future performance of
the company and the risks and uncertainties detailed from time to
time in reports filed by the company with the Securities and
Exchange Commission.
Forward-Looking Statements
This press release may contain forward-looking statements,
including information about management's view of Moon Equity
Holdings Corps. future expectations, plans and prospects. In
particular, when used in the preceding discussion, the words
"believes," "expects," "intends," "plans," "anticipates," or "may,"
and similar conditional expressions are intended to identify
forward-looking statements. Any statements made in this news
release other than those of historical fact, about an action, event
or development, are forward-looking statements. These statements
involve known and unknown risks, uncertainties and other factors,
which may cause the results of Moon Equity Holdings Corps
subsidiaries and concepts to be materially different than those
expressed or implied in such statements. Unknown or unpredictable
factors also could have material adverse effects on future results
of Moon Equity Holdings Corp. The forward-looking statements
included in this press release are made only as of the date hereof.
Moon Equity Holdings Corp. cannot guarantee future results, levels
of activity, performance or achievements. Accordingly, you should
not place undue reliance on these forward-looking statements.
Finally, Moon Equity Holdings Corp. undertakes no obligation to
update these statements after the date of this release, except as
required by law, and also takes no obligation to update or correct
information prepared by third parties that are not paid for by Moon
Equity Holdings Corp.
Contact us at:
Info@moonequityholdings.com
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