MarilynJean Interactive Inc (OTCMKTS:MJMI) Keeps Climbing

MarilynJean Interactive Inc (OTCMKTS:MJMI) has been climbing ever since we first profiled the company earlier this month. However, even with the August run-up, shares are way off the $3 highs hit last November. Investors are now asking how long shares of MJMI can keep climbing.MJMI says that it is among the first publicly traded companies focused on bitcoin and the crypto-currency space. The company is in the business of providing safe and accessible services for the users of Bitcoin and other crypto-currencies. According to MJMI, it is “currently exploring partnerships in several verticals within the crypto-currency space, including the multi-billion dollar remittance market. Management believes that several industries, including both international remittances and online gambling are on the verge of being revolutionized by the use of Bitcoin to effect transactions.”Since our last article, MJMI has expanded its business plan and acquisition target search into the new crypto-currency Ethereum. Ethereum's market capitalization already exceeds $900 Million. The Wall Street Journal recently reported that with a rising market value and a roster of high profile patrons, Ethereum is the next hot thing in cryptocurrencies. Microsoft (NASDAQ:MSFT) gave the fledgling platform a big boost last October when it integrated Ethereum into its Azure business-services product.Ethereum is an open software platform, comprising a currency called Ether, a public blockchain ledger for keeping track of transactions and tools for building smart contracts that automatically make payments when their terms are fulfilled. Anyone can develop new applications that make use of its code which allows for the creation of financial structures that can run themselves.MJMI also intends to leverage its Bitcoin exchange expertise and use of the Blockchain to potentially conduct a securities offering via the Internet. If approved, the company could conceivably issue shares on behalf of third parties who had also obtained SEC approval. Recently, the SEC approved a plan by online retail giant Overstock.com to issue company stock via the internet. This signals a massive shift in the way financial securities will be distributed and traded in years to come. The SEC approved Overstock's Form S-3 heralding the beginning of the use of the Blockchain to distribute and track ownership of shares.The Blockchain is an enormous distributed database that runs across a global network of independent computers that are not controlled by any government. With Bitcoin, this ledger tracks the exchange of digital currency. The Blockchain can also track and independently verify the transfer of other forms of equity, including stocks, bonds and other securities. This technology has the potential to completely change the way equity markets function. It can literally replace the function of a stock exchange.MJMI sees the potential of property transactions being handled on a Blockchain in a similar way to how payments between parties are handled using Bitcoin. However, instead of assuming that each 'coin' is the same, it is possible to associate a unique house or piece of land with a particular 'colored coin' and exchange it between parties. The entire transaction history of the property could then be followed through the Blockchain. Using 'smart contracts', a feature of digital currencies like Ethereum, which MJMI is also focussing on, asset exchange could follow specific instructions encoded as part of the transaction to be executed automatically once agreed criteria have been met.MJMI is currently exploring partnerships in several verticals within the crypto-currency space, including the multi-billion dollar remittance market. Management believes that several industries, including both international remittances, the trading of futures and options contracts as well as online gambling are on the verge of being revolutionized by the use of Bitcoin and the underlying Blockchain technology to effect transactions.Currently trading with a market cap of $75 million, investors need to keep in mind that in looking at the latest financials, we see ZERO revenues, a quarterly net loss of $15k, $11k in cash, $13k in total assets, and $525k in total liabilities. We will be updating our subscribers as soon as we know more. For the latest updates on MJMI, sign up below!Disclosure: We have no position in MJMI and have not been compensated for this article.