The holidays are a time for family bonding, with family members getting together for a festive meal and a night out on the town.
However, with the arrival of new digital currencies, the idea of a holiday celebration can get out of hand.
Bitcoin and other digital currencies are popular in the Caribbean, with holidaymakers opting to keep their cash in their pockets, rather than risking a loss.
In a bid to help those struggling to make ends meet during the holidays, a new cryptocurrency, known as Bancor, has been launched.
The Bancors are a new type of digital currency that have been designed to be used as a medium of exchange for digital goods, but also as a way to help people out in times of hardship.
With its new Bancorp logo, the company aims to make this the new norm for digital currencies.
“We are excited to be joining the growing list of crypto currencies that are being used to help alleviate poverty and help our communities and businesses thrive during the festive season,” said Andrew Pouya, CEO of Bancoris.
He said: “Bancor is the next step in helping the unbanked in the US and Caribbean to get a foothold in the global financial system.”
The Banchor coin, which is currently priced at $1,049, is an alternative cryptocurrency to Bitcoin, but it is designed to function as a more flexible and useful form of payment.
Its features include:1.
Transaction fees are waived for payments from abroad2.
Transactions take less time to complete, as the network only needs to process the first two transactions3.
It is cheaper to send and receive the coin, compared to Bitcoin4.
Banchors are designed to operate over a wide range of blockchains, so users can send and received coins in a manner that fits their needs.5.
Users can buy and sell Banchoras through a third party, allowing them to buy or sell their digital assets, and earn a profit6.
Bancoras are secure, meaning they can be used to transfer digital assets from one user to another.
The company hopes that with the Bancoros’ launch, a global digital currency market will be created, providing businesses and consumers with the tools they need to make the transition to digital currency.
Bancoris will also be able to work with third parties such as PayPal and CreditCards.
It is hoped that with Bancorus, the world can become more connected, and able to use digital currencies for payments, goods and services, as well as to facilitate business transactions, as digital currencies were the primary medium of payment for goods and business transactions during the 2016 financial crisis.
For more information on Bancori and Bancos project visit: https://www.facebook.com/bancorproject?ref=page_internal&ref=news_widget_post_top_news_2