Bullion backed digital currecny-XNF

[lightyear69]

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?

[lazyfellaw]

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.

[Pitstop]

Bullion makes Crypto's "Real Money" I found their FB Page here:

https://www.facebook.com/pages/Nofiatcoin/674903562530966

[lazyfellaw]

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!

[lightyear69]

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