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Stash Inc is pleased to announce the launch of its new business venture based on the Open-Transactions financial cryptography platform. The new business is set to disrupt the financial technology industry, both for Bitcoin and for traditional currencies, by removing the need to trust certain intermediaries. Stash Co-Founder and CTO Chris Odom claims that their software “solves the Mt.Gox problem” by eliminating the need to store user funds.

“Services running our software will be incapable of stealing or losing customer funds,” said Odom, “because they will never receive nor store those funds in the first place.”

Stash CEO and Co-Founder Cliff Baltzley said,

“We expect our software to create new competitive pressures because it changes the economics. Not only do customers prefer services they don’t have to trust, but insurance costs will also be reduced due to the lower liability.”

Standard features of Stash’s platform include unforgeable receipts, smart contracts, recurring payments, untraceable cash, bid/ask exchange, Bitcoin integration, off-blockchain transactions, and currency issuance onto the blockchain. Baltzley added, “Our small but dedicated team of financial cryptography experts are poised to help change how the world of money operates, giving unprecedented financial autonomy to all end users.” Odom and Baltzley aren’t strangers to software cryptography.

Odom is also the co-founder of Monetas, a Swiss firm focused on mobile payments in Africa, and Baltzley is the founder of the pioneering secure email provider Hushmail. Stash Inc is currently exploring capital investment opportunities with qualified investors. Funds will be used for specialized software developers and engineers, plus operations.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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