Why "stable coin"? Why not go with something already established. a crypto that has depositories located in every major financial center around the world? One that has bi-annual audits to ensure that every coin being traded has actual physical backing it up? One that you can actually REDEEM your crypto for physical gold/silver anywhere in the world? Kinesis has all of these attributes and more, has a debit card you can use, it offers software for payroll accounting and payments, you can go peer to peer. In fact I would challenge anyone to come up with an attribute that Kinesis doesn't have or isn't working on right now?
Indonesia recently officially adopted Kinesis for their citizens to utilize in order to hold their savings. It's a private entity that operates outside of gov'ts, it's the perfect vehicle for international trade settlement. Why do these leaders insist on recreating the wheel when there is a solution staring them right in the face?
Because these leaders don't want an actual decentralized digital currency. They want to track your purchases, and they want to control it. Don't ever think there's a government out there that actually has your best interests in mind.
Why "stable coin"? Why not go with something already established. a crypto that has depositories located in every major financial center around the world? One that has bi-annual audits to ensure that every coin being traded has actual physical backing it up? One that you can actually REDEEM your crypto for physical gold/silver anywhere in the world? Kinesis has all of these attributes and more, has a debit card you can use, it offers software for payroll accounting and payments, you can go peer to peer. In fact I would challenge anyone to come up with an attribute that Kinesis doesn't have or isn't working on right now? Indonesia recently officially adopted Kinesis for their citizens to utilize in order to hold their savings. It's a private entity that operates outside of gov'ts, it's the perfect vehicle for international trade settlement. Why do these leaders insist on recreating the wheel when there is a solution staring them right in the face?
Because these leaders don't want an actual decentralized digital currency. They want to track your purchases, and they want to control it. Don't ever think there's a government out there that actually has your best interests in mind.
Why would anyone want electronic digits to replace MONEY?
Throughout history, money has been gold (and silver) because of certain PROPERTIES that give it value AS A FORM OF MONEY.
One of those properties is it MUST BE REAL.
Electronic digits ... ARE NOT REAL.