“We will make sending crypto as easy as sending photos to friends on Facebook,” said Mr Olney-Fraser.
He believes everyone will be sending money by instant message within two years.
“It’s a race against time. Social media companies are working around the clock on this paradigm shift. Crypto needs to keep up,” he said.
Tigereum’s target market is the average person who doesn’t use crypto yet and wants to explore the opportunity, but can’t work it out.
“We are building smooth customer interfaces for crypto users to make it readily accessible to people,” said Mr Olney-Fraser.
“This will help crypto become more mainstream,” he said.
Mr Olney-Fraser wants the customer interface for crypto products to be more like social media platforms.
“Crypto has the answers to a decentralized, borderless, secure, digital, global currency which can be messaged to anyone, anywhere,” he said.
Tigereum aims to adopt the key principles of the crypto world – decentralization, encryption, security, anonymity and community – to deliver mass adoption of crypto for micro-payments.
“To succeed, security is our number one priority – the eye of the tiger if you will,” said Mr Olney-Fraser.
Mr Olney-Fraser still defends the place for digital wallets. “Digital wallets are good for sending larger amounts of crypto. But let’s be realistic, they are not easy for many people. Not everyone is a computer programmer.”
Tigereum Tokens will be created and used as the cryptocurrency in its instant message solution. Senders will buy Tigereum Tokens to message money. Recipients will redeem Tigereum Tokens into crypto or fiat to receive their money.
“We have created fifty million Tigereum Tokens on the Ethereum platform,” said Mr Olney-Fraser, “and forty million of these will be swapped for ETH to help raise funds for this project.”
The Tigereum Token Swap opens on Friday 8 December and closes on Monday 18 December 2017.
If all tokens are swapped, Tigereum will have a war chest of approximately USD$15 million to fund this development.
Tigereum Tokens will be listed on public cryptocurrency exchanges, starting with EtherDelta, from Monday 18 December, with other exchanges to follow soon after.
“I hope the crypto community will ride this Tiger with me and my team for this exciting project,” said Mr Olney-Fraser