EFTA00990184.pdf

From: Brock Pierce <1 To: Jeffrey Epstein <jeevacation@gmail.com> Subject: Fwd: PRIORITY: PayPay Financial Date: Mon, 02 Jun 2014 17:22:54 +0000 Attachments: PayPay_Financialinvestor_Deck_053014.pdf Here is an example of another company I've incubated in the Bitcoin space. This deal can benefit from a US issuing bank as well. Brock Best regards, Brock Pierce Mobile: +1-917-340-3400 Skype: brockpierce E: Follow me on twitter: @brockpierce Linkedin: IMPORTANT NOTICE: This message is intended only for the use of the individual or entity to which it is addressed, and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If the reader of this message is not the intended recipient, or the employee or agent responsible for delivering the message to the intended recipient, you are hereby notified. Forwarded message From: Brock Pierce <1 Date: Mon, Jun 2, 2014 at 10:15 AM Sub'ect: PRIORITY: PayPay Financial To: Alice Llo d Geo e Cc: Ed Boyle Jim & Alice, EFTA00990184 As discussed, please see below and the attached presentation on PayPay Card. If you're interested in learning more and/or participating please let us know. PayPay Financial Summary: We're raising $250k via convertible note to fund the initial development of a debit Mastercard linked to a Bitcoin wallet, enabling bitcoin to be spent at 29million locations worldwide. Problem: Bitcoin owners have relatively no where to spend their bitcoin; millions more might buy bitcoin if they could be conveniently bought & spent. Solution: A debit Mastercard issued by a chartered bank linked to an external bitcoin wallet enables real-time debit of bitcoin when the card is swiped at POS. The card can be used at ATMs to convert bitcoin to fiat/cash; also, the program has over 10.000 retail locations where cash can be used to fund bitcoin additions to the wallet. Merchant settlement and all bank-related activities are in fiat currency and the program is entirely compliant with relevant regulations (KYC, OFAC, AML. BSA). Market: 5M owners with S7Bn worth of bitcoin to spend Business Model: Proven, scalable prepaid card business model: key revenue drivers of maintenance fees and usage fees tied to spend. Team: Led by former American Express VP who started & built (to $120MM in revenue) the American Express Prepaid Card business, the team has deep payments and compliance domain expertise, coming from Amex, TSYS, GreenDot, Citi, RBC Capital, BraintreeNenmo & other leading financial institutions. Funding Terms: Initial raising a friends and family $250k convertible note with a valuation cap of S2.5M EFTA00990185