What will AFCASH cryptocurrecy be backed by?
We all know that the State issued fiat currency (paper money) isn't really “backed” by anything. It often isn't even actually issued by the government. The US dollar is issued by the Federal Reserve not the government and in some nations the currency is issued by several different banks.
Also nothing in this world has real objective value. The very currency you have rightnow in your pockets and bank accounts certainly hasn’t any real objective value.
Therefore to put it plain and simple the answer is “nothing”. It is backed by nothing. Generally people believe that Cryptocurrency has some value. The belief they will be able to exchange it for goods and services or other currency tomorrow is the only thing it is backed by. So AFCASH can be considered as a representation of a physical voucher to use our future banking services.
But interestingly even the currency we use in our daily life is also backed by same thing which is “nothing”. Governments are fooling us by printing as much money as they want and putting all of us under debt. It is a scheme to save their faces today by selling our future. Let us say ‘NO’ to that today and save our future by transforming to the free use of digital currency where the power of monetary control and financial decision is returned to ‘we the people’
However, technically AFCASH will be backed by mathematics, a firm capitalization, a completely transparent set of books, and the critical mass of a two-sided network in AFRICUNIA BLOCKCHAIN. Although it can be taxed (like any asset), it can be owned and transferred with impunity and without recourse. These may not seem like critical components of intrinsic value of money as we know from conventional paper money, but they are. In fact, they define intrinsic value in the modern era.
Buy our AFCASH, invest in our proposed AFRICUNIA Blockchain 100% Digital Bank today and experience financial emancipation for you and your loved ones. It is one decision you will never regret.
Thank you.
AFRICUNIA BANK Project Team!
