Myriad Interactive Media Inc. (MYRY) Initiates Dogecoin Integration on CryptoCafe.com
March 24 2014 - 8:15AM
Marketwired
Myriad Interactive Media Inc. (MYRY) Initiates Dogecoin Integration
on CryptoCafe.com
TORONTO, ON and LAS VEGAS, NV--(Marketwired - Mar 24, 2014) -
Myriad Interactive Media Inc. (OTCQB: MYRY) (BERLIN: XNG), a global
interactive media and development company, is pleased to announce
that we have initiated development for Dogecoin integration into
CryptoCafe.com.
"After one month of solid testing, gathering user feedback, and
further market research we have decided to continue our development
of CryptoCafe.com into Phase 2 with several new planned
integrations and upgrades," said Myriad CEO Derek Ivany.
The original CryptoCafe.com system was built for bitcoin and
more emphasis was focused on the security aspects of the website
due to hacking concerns that were prevalent in the entire bitcoin
space at the time. The company used common methods of cold storage
to store coins and keys offline and implemented a manual withdrawal
system to provide safeguards to our users. We are pleased to
announce that our development team has come up with a new way to
build an API system that will not only be beneficial for
CryptoCafe.com but also for third-party developers who may want to
utilize the technology for other projects. The concept for this
innovative API system for crypto currencies will enable more rapid
and secure transactions without the need to sync with the block
chain for each currency. The API will come equip with many features
like watch-only addresses where developers can add "watch-only
addresses" to the system with ease. A simple example of the
benefits of this high-level tool would be for the rapid query of
crypto currency account balances. We plan to focus strong emphasis
on "spend transactions" where users of our V2 platform as well as
API users alike will have the ability to specify an amount to be
sent to a dedicated crypto address. The system will generate a
return transaction based on the balance encrypted within the
"watch-only address vault." Third party developers will have the
ability to safely call the API to push transactions on the network.
Lastly, this new system will work with multiple crypto currencies
and multiple watch-only wallets and therefore fits in with our
planned Dogecoin integration for this V2 development
project.
"There are many benefits of investing in this type of
proprietary system," said Myriad CEO Derek Ivany. "Not needing the
private keys of clients makes this type of programming completely
safe for developers. This also saves substantial time for
developers by abolishing the need to manage multiple servers with
multiple crypto currency block chains. As of now block chains
consist of tens of hundreds of gigabytes and therefore requires a
considerable amount of time to sync with the network. Being able to
sign transactions offline with ease and confidence will provide an
all around robust system. This is where we see the future
innovation for CryptoCafe.com and other potential projects down the
road," continued Ivany.
Myriad also plans to make further upgrades to the design and
functionality of the website and will be eliminating the current
twitter-bootstrap CSS to an alternative front-end code which will
be more suitable for multiple device scalability. Lastly, users of
the system may notice some changes with the internal mailing. We
have been working on implementing a new system which will eliminate
spammers and bots that have attempted to flood the system with
unwanted messages.
Corporate Update
We are pleased to announce that we have been making great
progress on our medical marijuana mobile application, and plan to
make an announcement in the near future which will unveil the
project. In addition, we plan to make a separate announcement on
the results of our corporate meetings in Germany as well as some
other items, which will provide a thorough update on the second
part of our diversification strategy which was outlined on March
5th 2014. The company is working diligently on all of our projects,
continuing to focus on debt elimination, improving our balance
sheet and delivering new technologies for our clients and investors
to be proud of.
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.
Contacts: Myriad Interactive Media Inc. Find us on Twitter
https://twitter.com/myriadsocial Find us on Facebook
https://www.facebook.com/myriadinteractivemedia Find us on Google+
https://plus.google.com/+Myriadim/ Contact Investor Relations
(Email Preferred) Investor Relations: 1-800-427-1103
info@myriadim.com Interactive XBRL Filings are available at:
http://www.myriadim.com/investor-center.html Sell your unwanted
stuff for Bitcoin http://www.cryptocafe.com
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