WHAT IS CRYPTO-CURRENCY?*
Crypto-currency is digital cash, kept in digital wallet (type of private internet bank account solely controlled by you, and not the bank), transferred from person to person through the powerhouse or engine room of this revolution called the blockchain technology.
Other names for crypto-currency is digital asset, virtual money, technology based money, e-currency or cyber cash. With this technology, we are now all learning to become our own bankers. The responsibility of keeping our own money has now fallen on us, and so we will begin to learn how to transmit money on the internet, without a recourse to the bank, and this makes it imperative to learn the very simple but most important task of managing our private banks (digital wallets), and keeping our passcodes (access to our digital bank) very safe and secure.
CRYPTO-CURRENCY IS UNSTOPPABLE
Technology is affecting the way we live. If transactions are now digital, from a digital wallet to another, from the comfort of your home, without involving banks where there are restrictions and so much control of your money by the bank and government, do you think it will be stopped or improved on? This is the vision projected for 2024 and it's unstoppable.
Goodnews is we won't only send digital currency online, but will soon start spending them offline, over POS terminals and cash out on ATMs as cash in your own local currency. DasCoin has developed a technology that will enable the global mainstream spend cryptocurrencies using debit cards and a mobile phone with an app called DasPay, thereby eliminating the challenge facing digital currencies.
Banks who refuse to adapt to the new technology will be out of business. Many governments around the world are at the brink of adopting digital currency. The central banks of Scotland, England and Canada and some other countries are also developing their digital currency.
Same way the internet eliminated the post office, digital currency is pushing away fiat (paper) currencies in bits. The technology behind cryptocurency is beyond just sending money from one wallet to another. Its useful in many institutions like banks, government, entertainment industry, real estate, Transport, infrastructure, Healthcare etc.
It's coming at you....this technology is called the BLOCKCHAIN TECHNOLOGY.
You need to be educated about it, so you wont only hear about it, but understand and take appropriate action. Just hearing and learning about it is good, but taking action is more powerful. Action is what separates celebrated people from frustrated people.
WHAT IS xDAC?
xDAC is a Decentralized Autonomous Company created and operated on xDAC Platform by one or multiple human or autonomous agent owners or a mixture of both that share a common purpose and unites in order to achieve specific, declared goals.
The focus of an xDAC Platform is based on company creation and token distribution. It also establishes standards for decentralized businesses. Whether it’s taking full advantage of decentralized ledger technology, automated dispute resolution or security of stored information, the platform lets anyone create and manage any kind of company without the limitations of geography. www.xdac.co