GREENBANK HAS LAUNCHED TWO COMPANIES TO INVEST IN BITCOINS We are the first public company to invest in the exciting world of Cryptocurrency. - Bitcoin Canada Investments Inc (“Bitcoin Canada”) and Bitcoin Angel Capital Inc (“Bitcoin Angel”) are subsidiaries of GreenBank
- Bitcoin Canada will invest exclusively in Bitcoin
- Bitcoin Angel will invest in early stage Bitcoin and other cryptocurrency focused companies.
* GreenBank intends that a proportion of both Bitcoin Canada and Bitcoin Angel will in due course be spun off to GreenBank shareholders and they will apply for CNSX listing * GreenBank is making a private placement to accredited investors of Secured Debentures with conversion rights into 90% of the common shares of Bitcoin Canada and Bitcoin Angel. * Investors gain exposure to both Bitcoin and a diversified portfolio of early stage Bitcoin and other cryptocurrency companies. “We believe Bitcoin can become a major means of payment for e-commerce and may emerge as a serious competitor to traditional money transfer providers.” Bank of America Merrill Lynch research report 5 December, 2013.
Bitcoin is the world’s first completely decentralized digital currency, and is not issued by any government, bank or central organization. Bitcoin is hosted on a public transaction ledger which is continuously updated and verified by ”miners” who gather batches of new transactions. Exchanges allow the conversion between fiat currencies and Bitcoin. Users must have an internet connection and Bitcoin software to make payments to another account. Based on the underlying software code, the total amount of Bitcoin in circulation will increase predictably until reaching a cap of 21 million Bitcoin in 2140. The current supply is approximately 12 million Bitcoin. The advantages of Bitcoin can be summarized as follows: - Very low transaction costs
- Finite supply makes it a store of value which avoids the infinite supply of fiat currencies
- Anonymity avoids capital controls, taxes and confiscation
- Increasing acceptance and popularity makes it a viable alternative to fiat currencies
- Substantial price appreciation makes it an investment medium
- Attractive e-commerce medium of exchange
“I believe that Bitcoin is in the early stages of becoming a revolutionary payment medium, and GreenBank intends to be actively involved as a Bitcoin incubator and investor” Danny Wettreich, CEO of GreenBank. |