TORONTO, ON and LAS VEGAS, NV--(Marketwired - Feb 24, 2014) - Myriad Interactive Media Inc. (OTCQB: MYRY) (BERLIN: XNG), a global interactive media and development company, would like to provide a launch update on today's launch of CryptoCafe.com.
We have received over 21,000 requests in the first couple of hours from launch. This has brought our server (a single ec2 instance hosted on Amazon AWS) down for a short period of time," said Myriad CEO Derek Ivany.
He added, "To better handle future server load and serve our customers in the fastest way possible, we have already begun migrating CryptoCafe.com DNS and CDN to CloudFlare which is the most trusted and reliable brand in protecting scaling websites. We are in the process of scaling CryptoCafe.com on AWS' elastic load balancer to make system responsiveness much quicker."
CryptoCafe.com offers an opportunity for just about anyone to get involved with Bitcoin without the need to get set up on a Bitcoin exchange and having to learn trading. Our system allows users to post items for sale, free of charge or featured items for a small fee, in BTC. We plan to add additional crypto currencies to the website in the near future. Myriad developed its own proprietary Bitcoin escrow system, in-house, which allows users the comfort of having Bitcoin funds secured before a transaction is complete. Myriad charges a 1% fee in BTC for using our CryptoCafe secure escrow system. When a user makes an offer for an item for sale on CryptoCafe.com the user must have available BTC in their CryptoCafe.com wallet in order to make the offer. Users can top-up wallets by completing third-party transfers from Exchanges or other wallets, as well as generate unique wallet ID's with the system. In addition, CryptoCafe users can login via mobile and track notifications and message dialogue to complete transactions in person to prevent the risk of fraud. After transactions are complete, there is a feedback rating system in place in order to build profile credibility within the community. The CryptoCafe.com platform is built with two-tier authentication as well as cold-storage for offline Bitcoin storage. The platform also has a real-time Bitcoin price correlation to popular currencies like EURO, GBP, USD and CAD where users can simply select the currency value they wish to receive for an item being sold and the CryptoCafe.com system will automatically convert the item price into BTC and auto-adjust the price based on Bitcoin price fluctuation.
Myriad plans to make an additional Bitcoin related announcement in the next couple of days.
About Myriad Interactive Media, Inc.: Myriad Interactive Media is an interactive marketing and development firm based in Toronto, Canada. Myriad designs and develops customized marketing plans, social media marketing campaigns, pay per click, and search engine marketing. Our company also develops in house web & mobile applications.
Myriad Interactive Media Inc. is a public company quoted on the OTCQB under the symbol MYRY. For more information, please visit us in the USA at www.myriadim.com
In addition to historical information, this press release may contain forward-looking statements that reflect the Company's current expectations and projections about future results, performance, prospects and opportunities. These forward-looking statements are based on information currently available to us and are subject to a number of risks, uncertainties and other factors that may cause actual results, performance, prospects or opportunities to be materially different from those expressed in, or implied by, such forward-looking statements. You should not place undue reliance on any forward-looking statements. Except as required by federal securities law, the Company assumes no obligation to update publicly or to revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available, new events occur or circumstances change in the future.