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The Bayesian Group acquires Money Button, creating the future financial system

By Pavithra R

September 30, 2020

  • Canada
  • Money Button
  • The Bayesian Group
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The Bayesian Group, the parent company behind the tokenization platform Fabriik.com and the financial services company Fabriik Markets, has announced the acquisition of Money Button, a cryptocurrency payments button that user’s can easily copy & paste onto websites and apps.

Founded in 2018, Money Button is a leading non-custodial wallet that enables people to make and receive payments with the swipe of a button. It is a comprehensive digital asset wallet solution available because users have access to multiple outputs, blockchain data, currency conversion, a REST API, OAuth API and smart contracts.

“The Bayesian Group is building a liquidity ecosystem for many asset classes, and Money Button is an advanced wallet for Bitcoin. By joining The Bayesian Group, Money Button becomes a member of a larger company solving many problems that complement the wallet we have built. We solve a problem for Bayesian, and they solve many problems for us. We are extremely excited to join the team and create the future financial system on top of Bitcoin,” said Ryan X. Charles, Head of Engineering, Fabriik Smart Wallet.

The Bayesian Group believes that interaction with digital assets should be simple. To tackle the complexities in the digital asset world, the company believes that an advanced wallet with a simple user interface will be a significant component for an accessible financial future.

Both The Bayesian Group and Money Button has been working together during the development of Fabriik.com, the smart contract management platform. Money Button’s core technology & experience in the BSV blockchain space bolstered the company’s ability to iterate on feature sets of the Fabriik tokenization platform.

“Money Button has a significant user base and network of businesses that are built on top of their technology framework. This ties into our core philosophy of a tokenization platform vs a token protocol. We are wholly aligned that we are building a platform that can leverage any token protocol suitable for the purpose. As we continue to grow and acquire complementary businesses, we will always look for technology leaders such as Money Button,” said Roy Bernhard, CEO The Bayesian Group.

The Bayesian Group is a collection of companies operating in the FinTech and Digital Asset Investment market. Bayesian Labs creates software, market research & trading algorithms. Built on top of that technology and research are financial services such as Liquidity Provision, Market Making, and an OTC desk delivered by Bayesian Markets.

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