WHAT IS DIGITAL CURRENCIES?
According to Wikipedia,
Digital currency or digital money is an internet based medium of exchange (i.e., distinct from physical, such as banknotes and coins) that exhibits properties similar to physical currencies, however, allows for instantaneous transactions and boaderless transfer-of-ownership. Both virtual currencies and cyrptocurrencies are types of digital currencies, but the converse is incorrect. Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an on-line game or social network. Digital currencies such as bitcoin are known as “decentralized digital currencies.” Meaning that there is no central point of control over the money supply.
HISTORY OF DIGITAL CURRENCY
Origin of digital currencies date back to 1990s during the Dot-com Bubble. It is a new revolution caused by the revolution of two of the world's largest industries, the digital technology and the financial services industry.
On the earlier stage of digital currency, it’s function is more as a payment gateway. In which, to transact money globally or to facilitate payment for physical goods and services in “real life,” thus, inhabiting similar characteristics to traditional physical currencies in that respect.
“1 Dollar of FIAT Currency = 1 Dollar of Digital Currency”
Through time, from being just as a payment gateway. It evolve to a new concept of peoples currency. “From peoples for peoples” the arguements is to have a true and transparent currency that hedge against the hidden thieves called inflation.
Current Digital Currency;
“1 Dollar of FIAT Currency = 1 / (current exchange price of digital currency)”
Let’s take a look at BitCoin as an example, (Issued in 2009 at USD $0.06)
USD $10,000 in 2009 equal to = $1,000 / $0.06 = 166,666 BTC (BitCoin)
**Now open a new tab and goolge the exchange rate of BTC to USD**
GEMCOIN IS THE NEXT BITCOIN
GemCoin is a digital currency fund issued by USFIA INC on 1st September 2014 at USD $0.05. It's the first digital currency in the world that backed by real assets worth USD $15B fully owned by AFG a parent company of USFIA INC.
The use of GemCoin has been recognized and legalized by the state of Carlifonia. So now, would you like to be the next MULTI MILLIONAIRE in this leading industry?
Don’t miss your chance, fill up the forms to open your account today and we will be here to support and reply all your queries.
|Bil 129; Acts on Digital Currency|
|USFIA (GEMCOIN) Registration on MSB|
|Endorsement by Secretary of State|