Description
Public Mint is an open blockchain blended with an API platform, designed to give fiat money the advantages of cryptocurrency, such as speed and security, while avoiding price volatility. Founded in 2018 and officially launched in July 2020, the network allows people and businesses to build various fiat-based applications and services, bypassing the limitations of traditional banking. The ecosystem features a fiat-native blockchain with low, fixed transaction fees (USD $0.05) and fast finality (under 5 seconds). Key products include a mobile and web wallet, and the EARN program, which provides access to high yields from decentralized finance (DeFi) with reduced complexity. The platform's governance is managed through its native MINT token. For developers and partners, Public Mint offers a suite of tools including a widget for easy embedding, a comprehensive API for identity creation and transactions, and a two-way bridge to Ethereum for interoperability. The company's roadmap includes debit card integration, support for additional fiat currencies like EUR and GBP, and on-chain borrowing/lending services. Public Mint Inc. is a private C Corporation registered in Delaware and a Money Service Business with the US Department of Treasury, emphasizing legal compliance with regulations like anti-money laundering laws. The company has a global presence with offices in the US, UK, and Europe.