For many, one of the first rules of business is transparency. Not only should the good be fully transparent in terms of quality, price, where they were made/manufactured/grown, but also the buyer and seller should operate on a basic level of common transparency. Who is purchasing the goods? For what purpose? Who is selling the goods? What stake does the seller have in the transaction? For this reason, many legitimate businessmen are put off by cryptocurrencies. With anonymity, this transparency is all but washed away in favor of privacy and security.
Many of these criticism are leveled against the most well-known of the cryptocurrencies: Bitcoin. Because of the anonymity and the close connection to the Dark Web (the black market of the Internet), Bitcoin has a pretty despicable reputation with many legitimate traders. But Bitcoin isn’t the only cryptocurrency on the market. OneCoin, a relative newcomer to the online currency game, has all but done away with the criticisms of Bitcoin.
So what exactly is OneCoin and how is it different than Bitcoin? Created through a process called “mining,” the service is based around cryptography. Through mining, each digital coin carries a unique identifier, similar to the serial numbers found on paper bills. However, OneCoin is distinct from paper bills in one, very important way. There is a finite number of coins produced. With paper money issued by government mints, there are more bills produced at various times and in various increments. This means that values can rise and fall due to inflation. This is impossible with OneCoin. Another important distinction OneCoin has from paper money is that the coins are impossible to counterfeit.
Like Bitcoin and other cryptocurrencies, OneCoin is not tied to any central bank or governmental body. To this end, the value of each coin is based solely on usability, supply, and demand: the founding principles of economics without any of the politics that have driven paper currencies for most of recorded history. OneCoin has one of the largest currency reserves in the world, at 120 billion units. This means that users are guaranteed security with regards to their digital economic reserves.
Users can also be sure that there is security from corrupt merchants, such as organized crime members and criminals from every walk of life. When one joins the OneCoin network, they instantly join the millions of miners who use their digital currency in a fully transparent manner to buy all sorts of goods and services. You can make also payments and transfer money from any country, no matter where you find yourself, and know that there is no potential shady dealings tied to your account or your savings.
More than security for buyers, OneCoin offers a complete business solution for merchants. The company has developed partnerships with various platforms across the globe, ensuring a network of safety, transparency, and of course, profit. Merchants can be sure that their finances are safe with OneCoin, as the platform promises the most powerful blockchain in the world that issues more transactions than the largest global credit card providers. OneCoin has made merchants a pivotal focal point of their platform, with their blockchain running every minute and giving traders an ease of access not found with other cryptocurrencies.
OneCoin is growing rapidly, based on the merits of their transparency, ease of use, security, and focus on merchants. At the start of 2016, the company became the second largest cryptocurrency organization in the world. Being that Bitcoin’s reputation is still tarnished by the associations with organized crime, OneCoin is sure to fill the gap and rise to the top spot before long. If you want to buy, sell, or trade digitally with full transparency over who is benefiting from your transactions, there is no other company that rivals OneCoin as it currently stands.