Mercury Cash is a multinational financial institution registered with the US Treasury Department (31000107380194) and the Estonian Financial Intelligence Unit (FFA000354), as well as licensed as a money transmitters by the Florida Office of Financial Regulation (FT230000208) in the United States. Mercury Cash brings a digital payment solution that currently has more than 14,000 customers around the world, our platform allows you to Real-time transfers, payments and currency exchanges between cryptocurrencies and FIAT money in an intuitive way. Our service is available on iOS and Android for yo
3 banking partnerships (1 US , 2 EU)
Revenue generated in 2019 $1.7mm USD
Core software developed in-house, including AML Monitoring system and Back-office
Trademarks registered in US and EU
Licenses in US (Florida) and EU (Estonia)
Employees 45 (including offshore positions)
4 years since the creation
Pre-approval from Central bank of Lithuania for EMI license and IBAN issuance (Euro Bank Account)
Runaway 1 year
GLOBAL PROCESSING PAYMENTS
· $30 Trillion are processed annually in payments with an estimated of $870 Billions on fees. 2.9% average cost.
· $8.9 Trillion are processed in the United States.
· Excluding the CHINA market since is a closed market.
· Distributed between merchants, issuers, acquirer, networks, consumers.
Source: Wikimedia Commons and Bernstein Analysis
· $615 Billion are sent annually in payments with an estimated of $870 Billions on fees. 2.9% average cost.
· $81.5 Billion are sent to LATAM with a sending cost 5.8%
see the presentation (all competitors are there)
Advantages or differentiators
Top Class Software
Solid Regulatory framework
Fees generated with our system
Revenue Vs Expenses
Money will be spent on
Increase the speed of development
Increase the Team
Increase our product portafolio