“We have proposed to the Government of UAE to donate 5% of all revenue generated by MTC to charities along with 15% to be sponsored by our company on social causes. If the Indian Government allows for us to do the same, we would not mind upping the slab of charity contribution for development of schools, roads, hospitals etc in India.”    -Amit Lakhanpal, Founder of MTC.

 

We are slowly but steadily ushering into a new financial ecosystem heralding a paradigm shift in technology where digital currencies rather than physical currencies are used to facilitate free and secure peer to peer transactions.

Yes, welcome to the new age of cryptocurrency, a digital currency that uses advanced encryption technology for financial transactions. Cryptocurrency is what e-mail was to physical mail. Financial institutions all over the world feel concerned and have responded to the emergence of the anonymous, self-regulating currencies with confusion. Banks are reviewing the impact the digital currencies on their business and are starting to realise that cryptocurrencies could provide a way for banks to highlight the security of banking systems in comparison to cryptocurrency technologies.

Since the emergence of Bitcoin in 2008, news reports have suggested that digital currencies are the future of money and may as well be used as alternative finance.

“Yes it is money of the future. It is inevitable, since it's a cheaper, faster, safer, decentralized and deflationary alternative to fiat currencies like euros and dollars,” says a Mumbai-based investor in cyptocurrency and adds “cryptocurrency or I may call it public blockchain will bring a paradigm shif in technology that will change the concept of commerce and redefine payment mechanisms.”

Another investor is more optimistic, “it's like opening a pandora's box with hope inside that we are moving towards a better world.”

Cryptocurrencies are here to stay because it offers an easy way to transfer money globally and provides privacy for making transactions. For example, cryptocurrency can't be traced like a credit card or a bank account can be to a specific transaction. At the same rate all transactions can be forever traced to the specific 'alias' or wallet key that performed it.

 

Money Trade Coin – The Emerging Cryptocurrency Entity

Money Trade Coin (MTC), the new age cryptocurrency, dazzled its investors' expectations by listing MTC on Nova Exchange while announcing it from the UAE on the 17th of September 2017.

Money Trade Coin is a patent that is a licensed entity under Money Trade Coin UK LTD, in the United Kingdom, which has alsobeen licensed in Estonia, India and on the verge of obtaining its license in Switzerland, with a plan to set up its operations in the GCC, based in the emirate of Dubai, UAE.

Alternative to Safeguard Wealth

Money Trade Coin provides professional investors, beginners and other businesses with a secure alternative to safeguard wealth, eliminate costs, increase efficiency and flexibility, and save time while transacting.

Money Trade Coin is a new cryptocurrency alternative designed to accommodate a wide range of financial transactions and investment goals. Its security is ensured by using one of the soundest and most reliable currency backings being the real estate.

Money Trade Coin is an intellectual property jointly owned by Bitcoin Global FZE,UAE and Money Trade Coin Ltd, UK. Founded and created by Amit M. Lakhanpal, a well-known businessman who amongst other businesses heads the Flintstone Group, India.

Bitcoin Global FZE, is run by proficient personnel comprising brilliant programmers and engineers. The Strength of the team is their strong and positive belief in the rising of the digital currency. It connected them and today they put their combined efforts in the development, establishment and acceptance of MT Coin as currency as well as a new economy.

Future of Commerce

Incorporated as a Company with a paid-up capital of USD 10 million, Bitcoin Wealth Management is a financial technological firm at the forefront of its industry. With a vision to revolutionize the future of commerce, Bitcoin Global focuses primarily on online payment technologies, Bitcoin Mining, e-commerce and own Cryptocurrency development and trading.

Amit Lkhanpal, in a brief interaction with SME WORLD in Dubai recently, observed, “Cryptocurrency is the future of commerce. A declining economy means that the currency is failing. What we need is a currency that overcomes all hurdles of paper money and advances into the blockchain environment where everything is on a distributed public ledger thus, making it a very strong currency.”

Money Trade Coin, the propagator of the “Cryptocurrency correct knowledge” launched a full-fledged product array - Cryptocurrency E-Academy and E-Portal. The trading platform offers the possibility to interexchange the different cryptocurrency coins such as BitCoin, Ethereum, Ripple, Moreno, and shall be trading all the 1,088 listed coins soon. It plans to go live on more than four exchanges: C6, Coinex, Poloniex and the irown private exchange as its listing became a bold statement that investors demand has increasingly swept from traditional practices to digital currency as a secure alternative to safeguard wealth, eliminate costs, increase efficiency and flexibility, and save time while transacting.

Redeemable Currency

What is unique about MTC is that it is a registered certified entity with a recognized identity, Amit Lakhanpal, a well-known businessman heading the Flintstone Group India. Flintstone Technologies Private Limited, the Indian exchange platform, shall be launched on 19 October, 2017.

During the announcement of MTC in Dubai, the MTC spokesperson announced that acquiring MTC is limited to the transfer of existing Bitcoin, however online gateway (credit/debit cards and PayPal), and traditional banking methods shall be established soon. The physical and digital cards will be available in select countries. The value can be redeemed with various options such as online shopping, airline tickets among others. The currency will not only be limited to entertainment or ticketing but also to pay government taxes, utility bills and fines across GCC region, Asian and European countries as well.

Next Big Hit

Money Trade Coin eyed the Emirate of Dubai for its new expansion as the 'Next Big Hit', incorporation started supported by Khalifa Bin Huwaidan Al Ketbi Advocates and Legal consultants and Advocate Hashim Malik since Dubai adopted the 'Dubai Blockchain Strategy' for 2020 launched by H.H. Sheikh Hamdan Al Maktoum, under the directive of H.H. Sheikh Mohammed Bin Rashed Al Maktoum, the ruler of Dubai.

Money Trade Coin, ultra-secure wallet through multi-level verifications, is the world's first fully secured Cryptocurrency, implementing the highest standards of compliance, KYC and AML keeping the records of all transactions for more than ten years. Money Trade Initial Coin Offering (ICO) was held in 4 phases and  14 Million MT Coins were offered at each phase, the minimum subscription was capped at 1 MT Coin. As per the experts, Money Trade Coin is forecasted to exceed the value of USD 500 per coin this year across cryptocurrency exchanges.

 In this digital age, trading and transacting in Virtual Currencies (VCs) such as Bitcoins has reached an alarming proportion and the question of recognition and regulation of VCs is therefore a question that governments have been grappling with over the last few years. India is no different.

Amit Lakhanpal Spoke to SME WORLD in Dubai recently:

You entered into the cryptocurrency market when the global economies including the fast developing Indian economy are beset with downward trends? What is in your thought-process?

Crypto currency is the future of commerce. A declining economy means that the currency is failing. What we need is a currency that overcomes all hurdles of paper money and advances into the blockchain environment. Where everything is on a distributed public ledger. Thus, making it a very strong currency.

Why is this currency called 'money of the future'? Is it really set to be in the centerstage of investors' market?

Money Trade Coin like any other currencies is based on blockchain and distributed ledgers. The transparency offers higher reliability as moving money on blockchain, is quick, safe and cost effective. It involves lesser time in processing and saves you time to focus on your work rather to see where the money is.

How will you explain Money Trade Coin (MTC) to a layman as not many small and medium investors are aware of this currency?

MTC is not just for investors, its to be used a day to day transactions. Like digital wallets, you will soon start to see the acceptance at most local businesses.

You are known to be one of the pioneers of cryptocurrency. What drove you to plunge in this area?

I am all for clarity of transactions and the distributed public ledger where nothing is hidden.

The Cryptocurrency is a bad place if not managed properly. We have decided to become the good boys of this bad world.

You have a commitment to society and have a passion to greatly indulge in CSR activities? What is your idea of CSR and who inspires you in this initiative?

I hope to be remembered by what I gave to the society and not what my net worth was. I could be billionaire and not donate a single penny, what would the value of the accumulated wealth if the society is not uplifted.

How will you explain the recent downward trends in the Indian economy which is rated as the fastest going economies of the world?

In one word. Demonetization.

UAE has a large number of Indian investors. How can they participate in the national development process of India?

We have proposed to the government of UAE to donate 5% of all revenue generated by MTC to charities along with 15% to be sponsored by our company on social causes. If the Indian government allows for us to do the same, we would not mind upping the slab of charity contribution for development of schools, roads, hospitals etc.

How do you envision the growth of MTC in the next one year keeping in view the present investment market trends?

Over 10 times growth in just one year is my vision and mission.

What is your message to the investors in general?

Cryptocurrency market is highly volatile, think wisely before  investing and study it properly as Investment is at your own risk.