Merging Traffic Invests in Mercury Cash, a Digital Wallet Company for Cryptocurrencies
New investment is set to position Florida as a leader in digital currencies, building a pathway of investment and usage in cryptocurrencies.
ORLANDO, Fla., Dec. 22, 2017 /PRNewswire/ -- Merging Traffic announces a new investment in Mercury Cash. Mercury Cash is a digital wallet company for cryptocurrencies that helps advance the disruption of the banking industry. Mercury Cash is creating solutions for common citizens to excel in their financial capacities, promote new and reliable ways for savings, and finding faster and cheaper ways to invest in cutting edge financial technologies. Mercury Cash partnered with Merging Traffic to leverage investment and expertise to facilitate the use of cryptocurrencies in the current economy and become the future of banking.
Cryptocurrencies add a sense of security by hashing every transaction and adding it to a ledger that is kept on many different servers, making it very difficult to fake transactions. The ability to eliminate third parties reduces the cost and time of transactions, creating more efficiencies for businesses and individuals. Mercury Cash is bridging the gap between digital currencies and the current economy to transform the way we interact with money.
"The banking era is clearly in its dawn, and a rising Blockchain System is involving financial interest around the globe. Since the creation of the first platform developed under the Blockchain Technology in 2010, over 800 approximate Cryptocurrencies have been created and more than 200 Cryptocurrency Exchanges."
— Victor Romero, Founder & CEO, Mercury Cash
With cryptocurrencies on the rise, Ethereum has been standing out as the decentralized Blockchain platform of choice. Mercury Cash has capitalized on the Ethereum rise by providing different levels of support on its platform allowing financial transactions between people without the need of a third party such as banks and merchants. Due to Blockchain's transparent and real time transactional nature, Mercury Cash believes it will become the preferred choice for reliable, and cost-effective ways to make any exchanges. Mercury Cash has seen a 200% increase in demand in a 45-day period, going from 500 clients on November 1st to 1,660 clients by the end of December, 2017.
Currently, Mercury Cash services allow individuals and institutions to exchange the Ethereum cryptocurrency to USD and vice versa. Not only can you exchange the currency but also safeguard it by creating an account within Mercury Cash to hold tokens/coins. This means that companies can, in real time, use cryptocurrencies to pay their customers, supply chain managers, invest in retirement funds, and more.
"Mercury Cash has become a regulated institution; registered as a money transmitter through Florida's Office of Finance Regulation, the Department of Treasury of the U.S. under the Department of Finance and Crime Enforcement Network (FinCEN) and is PCI DSS Compliant). This is a tremendous opportunity for Mercury Cash and the advancement of the marketplace."
— Dr. Max W. Hooper, CEO / Managing Director, Merging Traffic
Merging Traffic leaders have become leading experts in the Blockchain field, recently releasing the book, Blockchain Enabled Applications: Understand the Blockchain Ecosystem and How to Make it Work for You. The partnership helps to further evaluate the reliance of cryptocurrencies and how they are deployed into the current economy.
Victor adds, "Merging Traffic was the right lead investor for this round because they have an in-depth understanding in where this industry is headed, expertise in Blockchain, and experience taking companies public."
About Merging Traffic
Merging Traffic is a Global Capital Formation Engine™ catalyzing growth, investment and access to capital in emerging technologies. It's a combination of targeted fund raising and diversified fund investments.
About Mercury Cash
Mercury Cash is a specialized and secure platform that has its own Ethereum wallet and market exchange for ETH/USD. Mercury Cash is a project that will lead people in the investment, adoption and usage of cryptocurrencies with a series of innovative strategies and solutions.
News Contact: A.J. Ripin
Company: Merging Traffic, LLC
Email: [email protected]
Phone: +1 (561) 346-1096
SOURCE Merging Traffic, LLC
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