SOFIA, Bulgaria, Dec. 2, 2016 /CNW/ - OneCoin, the
first and only cryptocurrency in the world to store KYC
documents on its blockchain, has set a challenging goal - to
become the global virtual currency preferred by mainstream
users.
(Logo: http://photos.prnewswire.com/prnh/20161201/444679LOGO
)
Today there are over 700 cryptocurrencies (or virtual
currencies) worldwide, yet very few people have ever heard about
them or have any idea how they work. With the end of paper currency
already planned in Scandinavian countries, OneCoin, has set out to
become the first global mass cryptocurrency.
THE CRYPTOCURRENCY PHENOMENON
Cryptocurrencies have the potential to bring substantial changes
to the economy and society in general, but their greatest benefit
is for the mainstream user. Cryptocurrencies are independent from
central banks, meaning that their value cannot be affected by
financial markets volatility or inflation. Their finite number and
the fact that they are based on cryptography make virtual
currencies difficult to counterfeit.
One of the most common uses of cryptocurrencies is international
money transfers. By using cryptocurrency, users make transfers
faster and cheaper without expensive intermediaries. Thus they can
be regarded as competition not only for banks but also companies
such as Western Union, MoneyGram, Currencies Direct and many more.
The value of each cryptocurrency depends on its usability, supply
and demand. With over 2.7 million users OneCoin has one of the
biggest user bases.
OneCoin & THE FUTURE OF CRYPTOCURRENCIES
In just two years OneCoin has become one of the most important
virtual currencies on the market, aiming to become the first global
mainstream cryptocurrency. Beside creating a stable currency,
compliant with all regulations, OneCoin has created an ecosystem
around its coin, aiming to increase its usability.
In 2016 OneCoin introduced its new blockchain - a big step
toward achieving the company's strategic plans. This step will
allow OneCoin to expand its user base and create a strong merchant
network. The secure source code guarantees a higher level of
security, substantially reducing the vulnerability that has plagued
other cryptocurrencies. The blockchain is at the core of the
digital payment revolution. Singapore's central bank for instance plans to
launch a pilot blockchain project with the country's stock exchange
and eight local and foreign banks, Reuters reports.
Read the full article HERE.
http://www.onecoin.eu
SOURCE OneCoin Ltd.