Charlotte fintech startup Yetta Foundation is building what it says is a blockchain protocol that can serve as a basis for philanthropy, economic development and trade.
“Blockchain technology and cryptocurrency ignite a new paradigm for philanthropy where contributors could materially increase their financial assets supporting most notable social, civil, and humanitarian non-profits, higher education institutions, and social enterprises,” says CEO and founder Darrell Hubbard, who earned an MBA at Harvard who also has served as Chairperson of the International Standards Organization.
“In a micro-finance contribution model, philanthropists can reduce unemployment and increase job creation by sponsoring striving citizens in their own communities through performance-based continuous education and workforce development smart contracts.”
Hubbard says his firm, which is led by “experts in securities law,” addresses a variety of concerns about blockchain and cryptocurrency.
“Our monetary policies are designed for long-term sustainability in the Blockchain and CryptoCurrency industry.” he says.
“The majority of CryptoCurrencies have been afraid to offer dividend paying tokens due to regulatory and Securities implications. As experts on Securities Law, we offer Participating and Non-Participating Liquid Notes to resolve this issue. Our protocol will sustain any SEC Regulatory pressures long-term.”
So what is the meaning of Yetta?
“yetta (ÿ) is a global innovation, inclusive of all – society empowered, trade enabled, progressive policies with a conscious outreach to the unbanked and to developing economies,” he says.
“yetta (ÿ) is a Hebrew name meaning “ruler of the household,” where, in this context, ruler is money and household is the global economy.”
Yeaa will be demonstrating its technology at the CED Tech Venture Conference on Sept. 19-20 in Raleigh.
This profile is the latest in a series written, edited and published by WRAL TechWire in partnership with the CED.
Profile: Yetta Foundation
- Website: http://yetta.io
- Email contact: firstname.lastname@example.org
- Address: Building Suite 310, 9201 University City Boulevard, Charlotte, NC 28223
- CEO: Darrell Hubbard
- How many employees? 2
- Link to CED Tech Venture Company Profile: https://cednc.org/company-profile/yetta
- What is the focus of your business?
Offering the Blockchain Lending and Financial Services industries (B2B) and (B2B) a Protocol for offering, codifying, and collecting on Obligatory Notes.
- What is the top pain point/business application you are seeking to address?
We provide a variety of Blockchain solution. We offer a comprehensive “Store of Value,” “Accumulation of Value,” and an “Exchange of Value” CryptoCurrency.
Our monetary policies are designed for long-term sustainability in the Blockchain and CryptoCurrency industry.
The majority of CryptoCurrencies have been afraid to offer dividend paying tokens due to regulatory and Securities implications. As experts on Securities Law, we offer Participating and Non-Participating Liquid Notes to resolve this issue. Our protocol will sustain any SEC Regulatory pressures long-term.
- What makes it unique?
Most protocols are consensus Blockchain technologies; where we are offering the first consensus Smarts Contract technology.
Why should investors be interested in your firm?
The most successful ICOs [initial coin offerings] raising the largest amount of money are compelling innovative concepts, protocols, and blockchain infrastructure plays with demonstration of real world applications and with a prototype or some proof of concept. We have all of these distinguishing characteristics.
- How are you financed at this point?
The founder, Darrell Hubbard, has invested the capital to produce our MPV.