Diamond Circle seeks to raise a further $2.5M USD to expand its services to the UK, USA, Canada and Asia.
Unique selling proposition
Consumers receive their Bitcoins on a stored value card a.k.a ‘Bitcoin Wallet’ implemented as on an NFC Tag, which they can transfer to online after formal KYC identification steps have been undertaken by our Global identity partner GBGroup, who are based in the UK, whereupon our technology charges consumers credit card and releases a lock held on their Bitcoins. This approach also offers our banking partners with assuredly against credit card fraud and protects our Bitcoin and cash reserves. At this stage the consumer may transfer their Bitcoins to an online wallet, purchase additional Bitcoins from our web site or redeem them for cash to a nominated bank account or to an online e-cash entity and via approved merchants, and approved money transmitters world-wide. The wallets also broadcast the consumer’s Public key to nearby Near Field Communication enabled phones, the feature allows easy transfer of Bitcoin to their wallet from other counterparties.
• Secure mechanism for the storage of crypto-currencies compared to risky online wallets where the operator records a consumers private key.
• Stored value card based purchases supports government anti-money laundering legislation, reduces cash in transit costs and secondary exchange
• Merchant Point of sale offers Merchants a commission based opportunity to offset payment fees
• Integrated off-line and online transaction model with infrastructure to support 5 billion transactions per day and 4,000 automated teller machines
• Corporate Governance Board, AML/KYC compliant processes, Advisory Boards, multi-disciplined team, CMMI Level 5, ISO9001 quality assured self attested, extensive contacts and relationships globally.
Short Term Outlook
For the first quarter, the company seeks to raise $250,000USD and deliver an EBIT of $96,671-$129,671 USD which will see the deployment of 5 Bitcoin ATM’s either company owned or sold which issue Bitcoin wallets on stored value cards in each capital city of Australia. This raising will also provide the company with a reserve of cash and Bitcoin for use in our closed loop payments solution.
In Quarter 2, the company will raise $250,000 USD and return an EBIT of $660,880 USD from the sale of a further 25 machines. Production commences thereafter for the initial 30 units with larger quantities manufactured in the same supplier who also has a manufacturing plant in Texas, enabling us to effectively penetrate both North and South America. We will complete our R&D for a merchant point of sale. Merchant POS enables brick and mortar retailers to exchange goods and services with consumers that possess our stored value cards which are issued from our ATM machines and will be available for purchase from convenient locations and online. Merchants are charged a fee through our exchange service. We anticipate sales of our Merchant POS equipment and associated subscription model will support our ATM fleet and generate further revenues in-store and online. Approved merchants will be offered a commission to exchange Bitcoin via our stored value cards, which further extends our foot print, permits the receipt of paper money to identified consumers and offers another revenue stream. Merchants can also issue our stored value cards for a margin (corner shops).
Licenced distributors are sought for all products and services in all regions.
Medium Term Outlook
• Convergence between Google Wallet, online e-cash participants, financial services partners (Brokered services), telecommunication providers (SIM card Bitcoin Wallets) are strategic targets for further growth.
• Deploy Bitcoin Enterprise solutions for the corporate and Government sector (non-fiat).
• Interest from the UK is extensive and we have been afforded assistance in Ireland for our HQ and co-branding options on our wallets e.g. Coke
Long term Outlook
• The emergence of solar and wind farms to generate inexpensive crypto-currencies and the de-commissioning of carbon emitting mining devices.
• Further R&D into mining ASIC chips to build out our own green mining product portfolio and coin.
• Through Amnesty international and NPO’s - to enable the great unbanked/unrecognised aliens and the disadvantaged through mining, payments and exchange.
• Diamond Circle emerges as a financial services company providing a range of personal, business and commercial crypto offerings. The provision of financial related transactions bill payment, payroll, loans, insurance and superannuation (401K), in crypto e.g. ‘First Crypto Global Services’ et al.
For further information contact
Stephen Rowlison
Chief Executive Officer and Founder
emailto:[email protected]
http://www.linkedin.com/in/steverowlison
Telephone: +61 (0)400 82 66 69.
Skype: steve.rowlison.
For regulatory and compliance details contact Michael Oswald
emailto:[email protected].
http://www.linkedin.com/in/michaeloswaldalliancelinked
telephone: +61 (0) 437 79 87 91.
Online Details:
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