The growth of blockchain and cryptocurrencies in recent years has awakened the interest and liking of many users around the world, including hackers.

The Threats:

During 2017 we noticed that cyber attacks grew exponentially as the price and demand of these currencies did; the attacks and incidents against miners and exchange sites has become a nightmare for those who wants to invest in cryptocurrencies. That’s why customers and users focus their thoughts in companies that offers securities for their investments.

What we Do:

We care about the security of our customer’s funds. For us as a platform, the safety is a priority. Maybe you’re thinking: “How my money is protected?”, Mercury Cash currently has an advanced technological system of logical security with audited periodic tests of ethical hacking, and a monitoring staff looking for transactions 24/7. Also, all digital currency that Mercury Cash hold is insured, through a third-party insurance company.

Money Transmitter License:

Since the very beginning we did start with the right steps and we got our first Money transmitters license from the Office of Financial Regulation in Florida State, It is not something easy to get you need to go through a hard proccess of review in order to get approved.

United States has a decentralized government and you need to get a license in every state for it, the government consider: “A money transmission license is not a right; it’s a privilege, and whether any particular state will consider a business worthy of such a privilege depends entirely on the state in question.”

We are doing our best to be compliant with regulators and we did apply for 4 Money transmitters license more which are Gerogia, Minnessota, Virginia and Delaware, very soon our operation will extend to those states.

Cyber Insurance:

The policy insures against theft of digital currency that results from a security breach or hack, therefore If Mercury Cash were to suffer a breach of its online storage, the insurance policy would pay out to cover company funds lost.

Cold Storage:

It might be a little tricky to understand when you think about liquidity, but It doesn’t have to be that way, it’s actually a way that guarantee you security and peace of mind, Cold storage basically means storing the users crypto coin’s in an offline environment, away from the internet. Mercury Cash holds less than 2% of customer funds online to serve the liquidity needed for our customers, while the 98% is safe in a cold storage avoiding any risk of cyber attack.

In Mercury cash we are working to consolidate the confidence of the market based on the highest standards of quality and security, providing a unique experience when using our platform web and mobile, becoming Mercury Cash and Miami Crypto Exchange into the most reliable and safest platforms in the world.

Oriana Gonzalez.