The New Global Digital Currency That Will Shock The Whole World
The New Global Digital Currency That Will Shock The Whole World
midmessfair Mid Mess Fair 14th Aug 2022
There is a huge international market of both digital products and physical goods. It is very easy to create, print any paper or any digital number software that can called as “money”. The only problem is how can you persuade other to get them accept your idea and your new currency money.
Now let’s look at the current whole banking finance industry to find the loophole, weakness first before finding a real solution, method to defeat it.
Here is the list weakness of the banking industry:
– There is too much fee especially when using bank card for any kind of transactions.
– The international transactions often take 2 to 6% fees, which are too much.
– Lack of privacy, personal information protecting.
Is that possible to defeat all credit debit card company in the online internet world?
Yes, very doable !
In order to have a new global digital currency system that will get accept by the public people, then there are 3 major policies that must be fair and good enough:
1. How the digital money being printed, issued, distributed, managed.
2. How the entire new digital currency system running, operating.
3. How to have a fair exchange rate with the real fiat money.
Technology is not the issue, there are many different way to get the jobs done.
It is also not about centralize or decentralize or anonymous.
The number 1 issue is the currency exchange rate between the digital money with the real fiat money paper (the connection with daily life national government backed money).
The simple answer is have fixed exchange rate for both the seller and buyer, and that fixed exchange rate will have direct link to the national government fiat money rate.
How to use, take the fiat money rate?
You can use the top 3, 4 or 5 highest value currency on the market.
Or the most popular, stable currency on the market.
Example:
Top 3 highest value currencies: Kuwaiti Dinar, Bahraini Dinar, Omani Rial.
Top 5 most using currencies: US Dollar, Euro, GBP, CAD, Australia Dollar.
Then you can have the average value number of them.
As of this writing in August 2022:
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