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Title: Bullion backed digital currecny-XNF Post by: lightyear69 on January 27, 2014, 02:06:03 PM There is a digital currency NoFiatCoin-XNF which is backed by bullion. Currency is traded on ripple and can be redeemed for bullion.
Is there a need to have something like bullion to back a digital currency? Title: Re: Bullion backed digital currecny-XNF Post by: lazyfellaw on January 29, 2014, 04:19:59 PM There is a digital currency NoFiatCoin-XNF which is backed by bullion. Currency is traded on ripple and can be redeemed for bullion. Is there a need to have something like bullion to back a digital currency? People will decide if there is a need for digital currency to be backed by bullion. In a few months things will get clear. A lot will depend on the company as how they process bullion redemption. Title: Re: Bullion backed digital currecny-XNF Post by: Pitstop on January 29, 2014, 04:51:12 PM Bullion makes Crypto's "Real Money" I found their FB Page here:
https://www.facebook.com/pages/Nofiatcoin/674903562530966 Title: Re: Bullion backed digital currecny-XNF Post by: lazyfellaw on January 29, 2014, 06:30:31 PM Bullion makes Crypto's "Real Money" I found their FB Page here: https://www.facebook.com/pages/Nofiatcoin/674903562530966 Yeah but as i mentioned earlier, XNF is traded on ripple which will be biggest hurdle for them. Ripple is centralized network and people don't like it specially bitcoiners! Title: Re: Bullion backed digital currecny-XNF Post by: lightyear69 on February 04, 2014, 04:17:42 PM FYI
Starting January 28, 2014, everyone can now exchange BTC for XNF, even without an active ripple wallet, through direct payment to NoFiatCoin's Bitcoin wallet. http://www.nofiatcoin.com/announcements.html |