Q&A: BitCash Stable Feature

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What is the BitCash Stable Feature?

The BitCash Stable feature was created to address one of the main road blocks to mass adoption of cryptocurrency: Price Volatility.

How do both BitCash and BitCash Dollar exist?

With the new BitCash stable feature, there are now two currencies stored on the blockchain and there are also two currency accounts in the wallet.

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Screenshot of the Stable Feature in action
  • BitCash → BitCash Dollar
  • BitCash Dollar → BitCash
  • BitCash Dollar → BitCash Dollar

How does the BitCash Stable feature work?

Now assume the date is now 1 May 2019 and the price per BitCash coin has dropped to 0.05 US dollars. If you were to then send the coins from the BitCash Dollar account ($500 USD) back to the BitCash account, you would get 10,000 BitCash coins back. So the amount in BitCash is now 10,000 instead of 5,000. But the value in USD is still $500. By holding your BitCash in the BitCash Dollar account the value will stay the same. Keep in mind, you can send the money from one BitCash Dollar account to another Dollar account. You can make payments in BitCash Dollars directly and there will be no price risk for the merchant in this scenario.

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BitCash combines the power of block-chain with the features of banking to create the world's most useable cryptocurrency.

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