Tom Bowen (and the rest of the team), thanks for having the interview with me, to start things off, could you tell a bit about yourself and how Prestige Networx was born?

“I have been in various industries in my long career starting off as a Tax specialist and forensics accountant for an International Law Firm based in Washington D.C. to opening the first Apple personal computer retail store the DC area then various executive level positions (VP Sales, VP Marketing) with several very successful tech companies, Epson, AST, Gravis, Virtual i/o, Qwick Media before returning to accounting.”

“In returning to accounting I was engaged by a group that owned several entertainment businesses here in Las Vegas. Coming in from the outside I was surprised at the level of abuse participants in the adult industry received at the hands of banks and payment processors. These businesses would have their credit card processing accounts closed without warning even after years in business together. These businesses pay higher fees on a credit card payment than a bar down the street using the same customer credit card.”

“Depending on the nature of the entertainment people tend to be shy about being associated with certain industries and would prefer not to have a credit card record of their activities and cash is not always possible (online transactions).”

“Credit Cards customers accept a lack of privacy regarding their transactions on everyday purchase, gas, food, or hotels but no one wants to have their account hacked and their data stolen. The adult industry is personal by definition and to have the customer’s name and information exposed like the Ashley Madison hack or the guy whose wife asked him why he had so many credit card charges to a book store when he doesn’t even read is a real concern.”

“Another major problem is the way banks and the system treated the workers, by denying certain services (bank account, credit cards, etc) regards of their jobs they still deserve to be treated fairly. Why Prestige Networx because there needs to be an alternative financial service company who puts the needs of the systems stakeholders above the interest of the banks and corporations. Using NEO blockchain technology and smart contracts we can build a better payment system to fulfill the needs of the merchants, customers, workers and related parties. While this may seem a little naïve so was the concept of selling books online in 1994.”