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BitWhite Posted in Telegram about they are the first and only crypto community in the world, that is backed by the treasury of the United States of America.

What is your opinion about this? Advantages and Disadvantages?

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BTW community ! Intermediate news. 01.03.18
Dear friends, we are happy to congratulate you all! BTW is the first and only crypto community in the world, that is backed by the treasury of the United States of America. Also for the first time in the history of the blockchain industry the deal with the help of a crypto currency was made for acquisition of government securities.

The transaction was successfully closed, and actually the work is being done to create and test the platform, where each holder of BTW will have an opportunity to invest his funds in the USA security papers and other security papers. The deal is valued to $ 16,984,600 or the equivalent of BTW 3,260,000 (at the rate of $ 5.21 / BTW).

Current IBOE package specification:
• Name: International Bill of Exchange, IBOE
• Nominal cost: $ 100,000,000 (one hundred million US dollars)
• Issuer: the USA Treasury
• IBOE No.: 2048
• Registration number: UCC1-2009-2374894.152.
• Derivative number: 2009-2374894-38 (number of the registration file of the derivative financial instrument)
• File registration number by the USA Treasury: RC001182260US
• Serial No.: 2048
• Verification: UCC1 Register - 2009-2374894.152 (Kentucky)
• Maturity Date: April 5, 2020 (prolongation is possible upon agreement)

IBOE - International Bill of Exchange issued by the US Treasury

Basic definitions, rights and features of the application

The payer of the International Note is the Treasury of the United States of America itself or the subject authorized by the US Treasury.

Significantly, the Bill of Exchange is equivalent to the US dollar banknotes: it is a legal tender, and can be used as a reserve currency for issuing banknotes of other countries. It differs in this case only in that the issuer will not act directly as the Bank of the Federal Reserve System.

IBOE is a legal tender of the US Treasury, issued directly by the US Treasury, the security of such an International Bond is guaranteed by the US Government's Gold Reserve according to the US Constitution.

According to the constitutional law of the United States, in the sphere of control by the US Treasury, payment is made upon presentation of the IBOE on the first demand, without any protest from the payer.

The US Treasury Department, like the Federal Reserve Bank, has many functions to serve the interests of the US Government, as well as other institutional and private clients.

In both cases, these institutional and / or private clients can open an account upon request, reserving the right to issue securities / checks on the basis of the security of the respective accounts.

IBOE was issued by the Secretary of the US Treasury, as in the similar case
occurs with the Federal Reserve when issuing securities or checks. In both cases, the specified payment obligations such as IBOE do not have restrictions on commercial use, nor conditions, as it would be with other bank securities.

Released IBOE is an ideal tool for monetization of any project with maximal flexibility for assignment of property rights through digital currencies.