BiPS

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.

Why?

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).

Mission

We aim to bring trust to the crypto world by creating an underlying value in the BiPS Token.

How?

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.