“American CryptoFed DAO was established by mSHIFT Inc. on July 1st 202. American CryptoFed as a DAO was converted to American CryptoFed as a Wyoming unincorporated nonprofit association and will automatically operate as a Wyoming DECENTRALIZED unincorporated nonprofit association when it has 100 or more members. mSHIFT, founded in 1999 by Scott Moeller, pioneered mobile banking in the United States, and has a long history of working with community financial institutions and local merchants.
Learning From The MAG
Together with the Merchant Advisory Group (MAG), comprised of the top 165 retail merchants in the United States, accounting for over $4.8 Trillion in annual sales, American CryptoFed testified before the Wyoming Legislative Select Committee on Blockchain, Financial Technology, and Digital Innovation Technology, from time to time. The January 21, 2022 written testimony can be accessed Here. mSHIFT and MAG executives collaborated for over a decade through the Mobile Payments Industry Workgroup established by the Federal Reserve Banks of Boston and Atlanta. In 2021, mSHIFT passed its sponsorship of the MAG to the American CryptoFed.
