Information:
Fast
Five times faster than Bitcoin
2 minute transaction times compared to 10 minutes of Bitcoin.
Large
Four times larger than Bitcoin
Total amount of coins will be 48,000,000.
This will enable lower price of single unit and more coins in circulation for faster global adoption.
Global
Ready for worldwide use
Credits are new digitalized currency.
Millions of ATM machines will be built around the world, for easy change to local currency regardless of where you are.
World currency
2050 world currency
Project is planned to be adopted by individuals, banks and countries globally as the major currency by 2030 and the only currency in the world by 2050.
Global digital currency
Credit is digital money, like Bitcoin.
Credit is fully decentralized money, no authorities are controlling its supply or
In fact it is more than just money, it`s a part of new movement for worldwide adoption of nations or groups of individuals to reject the use of centralized currency through banks.
The transaction time is 2 minutes to anywhere in the world, compared to bank transfer which usually takes 1-3 business days.
Deflation or inflation?
One of the key differences to current world currencies, like US dollar, Euro or Japanese Yen is that while they are subject to continuous inflation, ie. value of money decreasing and the prices increasing, Credit is based on constant deflation, itsī value will increase over time.
Some economist say that deflation is very bad thing, incisting people would wait for the value of money to increase even more and delay their purchasing and that way causing a recession to the economy. Deflation is a bad thing, in theory. But in practise, I don`t think so.
Let me explain why.
Let`s have an example of oil prices: if the oil prices would drop to half tomorrow, would you buy less fuel for your car? No, you`d buy much more than now.
The total amount of Credits will be 48,000,000.
The western economy is based on inflation, taking debt, and massive consumption. It works, for a short time.
Classic example of this is the economic boom of the 1980`s, when everyone took massive loans and invested in stocks like it was a roulette table, while rates were increasing at lightspeed and more loose money was pumped to the circulation, soon followed by recession of the early 90`s.
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