[2015-06-30]DMT - Trestor Brings Digital Peer-to-peer Payments To Unbanked Natio

[jdebunt]

http://digitalmoneytimes.com/crypto-news/trestor-brings-digital-peer-to-peer-payments-to-unbanked-nations/

Both the Cameroon government and Trestor officials are confident this project will result in a positive outcome for all parties involved. After the partnership between Socapssi and Trestor,  it became apparent that people picked up on the idea of using Trests rather quickly, generating quite an exciting interest for the project. The end result was overall positive: quantifiable efficiency gains were achieved, and the benefits greatly outweighed the drawbacks.

[chokho]

Exciting times, here at Trestor!

[qwk]

http://digitalmoneytimes.com/crypto-news/trestor-brings-digital-peer-to-peer-payments-to-unbanked-nations/

Both the Cameroon government and Trestor officials are confident this project will result in a positive outcome for all parties involved.

At first glance, this Trest network thingy is some kind of proof-of-stake Ripple with centralized issuing of tokens and zero incentive to run a node.
At the same time, they're marketing it aggressively by giving every Greek person a 2000 EUR credit line.
Why am I not convinced?

[Kunal]

Hi qwk,

It's not a really credit line, its a deferred payment instrument (Promissory Note) which gets activated immediately as capital controls are lifted.

In case Greece decides to move out of Eurozone and get back to Drachma, the payment liability still remains in Euros.

Kunal Dixit