Karl Kreder Ph.D
Aug 8, 2017 · 1 min read

To your first point, this is only important in the short to mid term as people still utilize fiat currencies to make payments, but as more people adopt Bitcoin can act as the currency of settlement and not transfer. Furthermore, there are many situations where using Bitcoin as a mechanism is far cheaper especially in currencies pairs were one is controlled such as the conversions between USD and RMB, THB, IDR, NGN, et cetera.

To your second point. Grid+ is developing an Ethereum based stable token called the BOLT. The BOLT will be 100% backed by USD cash account deposits. This is to facilitate broad adoption in the short term, however, as mentioned above won’t be needed indefinitely.

    Karl Kreder Ph.D

    Written by

    Cofounder of GridPlus.io, Building the future of energy on blockchain