Partners & Exchanges

Without naming any specific partners etc, do you have any goals/targets that you expect to reach? For example, number of partner banks by end of 2018?

There are definitely a significant number of internal targets and milestones that we hold ourselves accountable to. Again, we are unable to comment on banks specifically at the moment, but are committed to, and will be making announcements via our communications channels when appropriate.

How and when Ivy will announce the banks they are working with, the roadmap for bank partnerships?

This is part of the internal strategy of the company and we are unable to share specific details at this time. There is a plan that we believe will create the best impact for the company that our team members are following, whilst also preserving our flexibility to remain dynamic and work with as many bank partners as possible as we move through to MPV and beyond.

Ash Shilkin mentioned at a roadshow that an American bank has already agreed to trial Ivy. Is this bank still on board? How many other banks to date have agreed to trial Ivy? What discussions have been made with Australian banks, in particular the Big 4?

Yes. This US-based bank is still on board and our agreement remains in place. Unfortunately, we have been requested to keep the identity of this bank confidential until such time as they agree for their identity to be disclosed which will largely depend on the progress of our trials and development, given the significant external attention this is expected to bring based on our shared vision of disrupting the international payment system and digital currency world. However, we will attempt to disclose as many non-identifying aspects of our foundational banking partner at the appropriate time. Of course, we value the relationship and will respect our partners’ wishes absolutely.

On additional banks, we can confirm we are speaking to some of the world’s leading banks and via the appropriate channels at senior levels. However, these banking giants do not move quickly and we caution observers that the development of such relationships will take time. This is why we have a multi-channel bank partner strategy running in parallel, to maximise the prospects of success. When we are ready to announce, this information will come out through our standard communication channels.

Discussions with Australian Banks have occurred including representatives from the Big 4.

Does the rumoured ‘current’ bank have some apprehension about being the first to work with Ivy?

Not that has been communicated to us. Simply, there is a desire to support Ivy in our vision but to maximise the potential value that we may bring. Given Ivy hopes to be a significant competitive advantage for banks that work with us, they prefer their involvement to remain private until such time as it is appropriate to announce.

In regards to Bank adoption, what are Ivy’s short term, medium term and long term prospects?

We are unable to speak specifically about our current bank prospects. In general, we are always increasing the number of banks and other financial institutions we are in open discussions with. There will be a time in the future when we are able to announce who has agreed to engage with us on developing our technology. Again, bank partnerships do take time as there is significant work to be completed on understanding Ivy’s vision, technology and integration.

Anything about exchange strategy for IVY. Like (a) aiming for big reputable exchange straight away or (b) going to get listed on a smaller exchange more quickly. c)Likelihood of exchange listing before Q4 2018?

We have multiple options relating to different exchanges throughout the world. Requirements differ from exchange to exchange and there are some dependencies the company is currently considering. We plan to have key decisions made soon on this topic and will release news as soon as we have identified the best path forward for the company and our supporters. We plan to be on several exchanges as soon as appropriate (and well before Q4 as asked) and are confident we can share some news with you on this shortly.