CryptoFiat – the future of money.

If you follow Coinomat developments you must have heard about CoinoUSD, cryptotoken on NXT platform on NXT blockchain tied to USD. Currently it competes with similar projects such us Tether (Bitcoin blockchain-based), Nubits, BitUSD (projects on their own blockchains). You can trade CoinoUSD against NXT and against Bitcoin directly (at Poloniex.com), you can even withdraw it to your bank card. Also we launched CoinoEUR, tied to the single currency. Within several days we will activate internal accounts at Coinomat.com, and CoinoUSD will become the official internal USD (and CoinoEUR the offical EUR). Coino tokens can be deposited and withdrawn to Coinomat with no fee. Cryptocurrencies can be exchanged to them in order to hedge against volatility. We will even pay interest to balances held at Coinomat, in order to incentivize users to maintain Coinomat balance and share with us profits from our exchange operations. Projects similar to CoinoUSD start to appear on a regular basis, which … Read more

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