Passionate about a stablecoin
There are a handful of digital stablecoin attempts currently circulating in cryptocurrency-land. All are looking to solve the problem of a store of value or medium of exchange. Which are important features, and which can help to improve the crypto ecosystem.
Our own effort — the ARC Reserve Currency — crafted by a community of crypto enthusiasts, also addresses the problems noted above; but has an important real-world application that we are deeply passionate about:
Empowering people in countries with high inflation or unstable financial systems to plan for their future.
Why a stablecoin matters to billions of people
Imagine you live in a country with rampant high inflation or significant political or financial instability. Now imagine that you are looking to provide for your family and save for their future — earning enough to send your children to school or university.
Without a reliable currency and somewhere safe to store your savings, it is very difficult to achieve this. For billions of people in dozens of countries around the world, this problem is a reality.
A stable cryptocurrency can enable people to save and plan for their future globally:
- It negates the effects of high inflation, and
- Savings are out of reach of untrusted counterparties as they can be stored on a blockchain.
How accessible is a crypto-currency?
All you need to hold a cryptocurrency is access to the internet, and remember a password. As telecommunication infrastructure projects strive to connect more and more people globally, such as Facebook’s Internet.org, ownership of a cryptocurrency can become a reality.
In the near future, it will be possible to empower people at the individual level globally, including the chronically underbanked.
Together, let’s make the future today.
This is why we care passionately about ARC.
