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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,

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“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 and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

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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