In the face of Tether's...
Hi there,
Sorry for the delay, we are not as active on here as on other channels such as
Telegram.
To better understand our approach, one needs to truly understand the function of Stable Coins.
Why did Gemini launch a coin? Circle? and now other larger institutions are looking to introduce their own.
The reason is distributed ledgers are accounting software. They track balances in a decentralized ledger. Nothing more. Outside the crypto-world, entities do not need stable coins to hedge against crypto-volatility, or as a mechanism for day-trading. The reason they require stable coins is to track real-world value, but using shared ledgers.
Jcash is a cash ledger that will power various blockchain powered applications and use-cases. If we want to build financial solutions, we require a cash ledger to start.
When will JCash have direct utility?Jcash is currently live and utility will be promoted across two elements:
Target | | Use-case | | Approach |
Individuals | | Hedging | | Begin marketing Jcash to community |
Enterprises | | Cash Ledger for Different Applications | | Continue building pilots |
We have focused on use-case two, primarily because compliance has been more straightforward and easier to undertake when dealing with known entities. In addition, the value behind this bucket is much larger.
Currently in our Enterprise offering, we are focused on:
1. Bond Issuance on Ethereum
2. Commodity Trading / Trade Finance / Warehouse Financing
3. Peer to Peer FX
4. Remittances
In addition, with the Jwallet and Jsearch coming online, if products have success and adoption, Jcash will be successful once incorporated as well.
Hope that helps.
Thank you for your continued support!
Jibrel Team