Person.Money Startup Attracts About $1.5 Million Investments

RIGA, Latvia, Jan. 21, 2016 /PRNewswire/ -- Person.Money introduced its product — Personcoin coins — just a while back in December 2015; and since that moment the startup has attracted about $1.5 million of investments. The main part, according to Company Founder, was obtained from Personcoin sales for Bitcoin.

Photo - http://photos.prnewswire.com/prnh/20160121/324527 

The majority of investors are private persons. The total amount of December investments, received right after official release, reached $655,000. In early January the startup has succeeded in raising another $800,000.

Profits made from selling of Personcoins will be directed to getting banking licenses and promoting Person.Money project in the USA, the Eurozone countries, Ukraine, China, Indonesia and the Russian Federation. The number of system users has now surpassed 10,000.

The Company Founder — a businessman from Latvia, Viktors Sinavskis — established Person.Money in November 2014. The Head Office, Marketing and Sales departments are located in Czech Republic. The team of project developers is based in Riga, the Customer Support department and a part of Sales are located in Riga and London.

The Personcoins (https://personcoin.org), developed by Person.Money (https://personmoney.com), are separate advertising platforms. A coin owner can place an ad on a coin or resell this ad space to another company or a particular person.

An ad space at Personcoin is granted for lifetime. The system operation is based on Blockchain database principle (https://en.wikipedia.org/wiki/Block_chain_(database)). Other cryptocurrencies, used worldwide, are also built within the same principle.

Person.Money system facilities allow to perform multicurrency transfers within one database — Blockchain, while saving all data about processed operations. The primary advantage of Personcoin for Russian and Chinese markets, in contrast to Bitcoin, is its legitimacy in the territories of these countries.

SOURCE Person.Money