The Advanced Bitcoin Technologies AG has the goal to connect the worlds of fiat, crypto and digital currencies and to enable simple, secure, fast and cost-effective payment transactions for business and private customers.
To this end, Advanced Bitcoin Technologies AG focusses on building an innovative multi-currency transaction platform.
This multi-currency transaction platform will be the core, i.e. the backend, of the future product portfolio and will comprise the following four basic functionalities:
Receiving, exchanging, storing and sending international fiat, crypto and digital currencies.
The two future products, i.e. the front ends, SecPay, the digital cash system for business customers, on the one hand, and smartwallet, the digital wallet for private customers, on the other hand, will be built on this platform.
The platform will therefore offer significant synergy potentials, bundling the transaction volumes of the two future products and due to falling marginal costs resulting in positive economies of scale.
In the this context, Advanced Bitcoin Technologies AG will earn future income through transaction fees as well as exchange rate differences, so-called spreads.
This multi-currency transaction platform is going to be realised by combining traditional means of payment with virtual, freely programmable currencies based on distributed ledger technology (DLT), which make payment transactions faster, cheaper and more secure compared to cash.
The goal of Advanced Bitcoin Technologies AG is to benefit in the future from the significant growth potential of virtual currencies worldwide.