SOURCE: Myriad Interactive Media, Inc.

Myriad Interactive Media, Inc.

December 17, 2013 07:30 ET

Myriad Interactive Media Entering Popular Bitcoin Market With Its Brand of Technology

NEW YORK, NY--(Marketwired - Dec 17, 2013) - Myriad Interactive Media (OTCQB: MYRY) (BERLIN: XNG) will once again use the company's design and development team to bring its brand of technology to another area of popularity -- this time it's Bitcoin. The only topic that's possibly more popular than medical marijuana right now is Bitcoin, and Myriad, a global interactive media and development company, has announced it has plans to enter the space. This company has never shied away from using its ability to design platforms that address complicated but popular ideas to create a solution that makes life easier for its users, so why not Bitcoin.

For those new to this term and there probably aren't many of you, Bitcoin is the first decentralized digital currency, or even simpler, Bitcoins are digital coins you can send through the internet using a peer-to-peer technology to operate with no central authority or banks and these coins are wildly popular. It's that popularity that caught our attention when Myriad announced it would be entering the Bitcoin arena with "an exciting new platform" that will reside at

Myriad CEO, Derek Ivany, told investors his team has initiated development of a new innovative platform that he expects will enhance the Bitcoin and crypto-currency community. "Our project is not just related to Bitcoin, but other crypto-currencies as well like Litecoin. We have been involved in the world of Bitcoin for the last year, and we are really excited about having the opportunity to bring forward a platform that could introduce the world of crypto-currencies to a much larger audience, on a worldwide scale."

Ivany chose not to reveal too much about CryptoCafe fearing competitors would jump on the idea, but an answer may lie in what he did say. "Right now it's difficult for many citizens around the world to process modern currencies. Many face limits and restrictions with traditional service providers like Western Union and PayPal, and then there are some who may not be able to use services like PayPal at all. Crypto-currencies offer a seamless alternative with much lower transaction fees, and no middle man. Today's mobile phone culture allows just about anyone with a Smartphone the opportunity to house a digital wallet and spend crypto-currencies like Bitcoin straight from their phone."

Myriad's latest venture should enhance what is becoming an impressive technology portfolio. The company's first two developed technologies, MingleSuite and MyMobiPoints focus on SME's and are in the sales phase, but now Myriad will try its hand at bringing the ultra-popular Bitcoin to the small cap market.

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