Marcus Andrade, an entrepreneur based out of Houston, Texas, has been an avid blockchain and Bitcoin enthusiast since its 2009 inception. Becoming entranced in the world of digital currency, he quickly became attuned to the fact that, while promising, the industry possessed great shortcomings, especially as it pertained to security. With a background in computer programming, combined with his entrepreneurial mindset, Marcus set out to develop a compliant digital currency.
His efforts manifested in 2012 with the creation of AML BitCoin, previously known as Aten Coin, a coin built with anti-money laundering, anti-terrorism, and theft-resistant properties. It is also compliant with Anti-Money Laundering (AML), Counter Financing of Terrorism (CFT), Anti-Fraud and Financial Crimes (AFF), Office of Foreign Assets Control (OFAC), Bank Secrecy Act (BSA), USA PATRIOT Act and the FACT Act, among others. What separates Marcus Andrade’s AtenCoin from other types of cryptocurrency is its utilization of a “privately regulated public blockchain” concept, a revolutionary personal identity-linked credential authentication that has been built into the coin’s source code.
In addition to founding AtenCoin, Marcus is the Founder of CrossVerify. Based out of the United Kingdom, CrossVerify owned the pending patent on the biometrics authentication system used by AML BitCoin. The software has attracted interested parties all around the globe, including law enforcement and military organizations. Marcus, regarded as a leading developer in his field, is also the creator of EcoinsTrader, a digital trading site that continuously monitors suspicious activity, AtenTacker, an app that lists the current price of digital currencies, and AtenPay, a payment platform that facilitates rapid conversion of Aten Coin to fiat currency, allowing businesses to accept it as a valid form of payment.
In total, Marcus Andrade possesses 60 approved patents, as well as 200 to 300 patents pending worldwide. Combined with his assets, the patents are worth over $200 million. Most recently, he has started developing AMLPlatform. As a white-label of AML BitCoin, the software will enable pre-approved developers to create their own digital currency through the NAC platform. Though AMLPlatform will give Marcus the opportunity to help up-and-coming developers break into the industry, he has also developed a scholarship for students interested in digital currency at Ukraine’s Ivan Franco University School of American Law, and has presented on the topic of digital currency at the Chicago Kent School of Law.
To learn more about Marcus Andrade, AML BitCoin, and his insight into technology and digital currency, please visit his blog.