CryptoCafe.com Bitcoin Marketplace Receives Over 21,000 Requests in First 3 Hours After Launch
February 24 2014 - 2:30PM
Marketwired
CryptoCafe.com Bitcoin Marketplace Receives Over 21,000 Requests in
First 3 Hours After Launch
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."
About CryptoCafe.com
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.
Upcoming announcement
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
Forward-Looking Statements
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.
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