Another way to look at and think about transacting money online is NuBits. NuBits is the world’s first stable digital currency.
The network was launched on September, 23rd 2014 by a team of about 20 international cryptocurrency experts led by Jordan Lee. Jordan Lee is a pseudonym for a developer or group of developers who designed the Nu system. They made Peercoins. Proceeds from the sale of NuBits generate a revenue which will be distributed to NuShare holders in the form of Peercoins. This creates a buy pressure on Peercoins.
NuBits can be used just like cash.
The World Bank estimates that half of all adults worldwide do not have access to banking services.
With NuBits, a bank isn’t required to store value, and there are no artificial geographic boundaries to overcome. All you need is an Internet connection.
There of no limits to the types of businesses and services that can be created by using NuBits.
Holding a NuBit in your digital wallet is just like having a dollar bill in your pocket.
So, why are NuBits better than other popular digital currencies?
With NuBits, the value of what you hold today remains stable in the future.
You don’t have to worry about the volatile exchange rate reducing the value of your NuBits.
You also won’t need to worry about how much your digital currency is worth each day.
One NuBit will always be worth one US dollar. The price won’t rise as there will be a buy/sell wall always offering to buy or sell NuBits for $1. Any proceeds from the sales will go to the NuShares holders as dividends.
NuBits are issued by Nu, a DAC owned by NuShareholders.
People who own NuShares cast votes from all over the world.
These votes change the available supply of NuBits to ensure that the price of each NuBit remains stable at one US dollar.
You do NOT need to own NuShares to use NuBits. Anyone can download a NuBits wallet for free.
Where can NuBits be purchased?
The initial release partner is CCEDK (www.ccedk.com), a professional exchange in Denmark. They will offer NuBits trading pairs in the near future.
They anticipate that several other digital currency exchanges will establish NuBits trading in the weeks and months ahead.
Please feel free to ask questions about Nubits, Bitcoin or any other digital currency in the comments below or at our Facebook group here;
https://www.facebook.com/groups/getbitcoindaily/
Michael
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