Place/Date: Johannesburg SA - November 20th, 2019 at 6:29 pm UTC · 4 min read
Contact: Esme, Source: Terra
Johannesburg-based blockchain project and trading platform TERRA has announced a huge slew of products to focus on the development of digital payments processing in developing nations such as Nigeria. In addition to the project’s main focus, Credit (CREDIT) decentralized cryptocurrency, the company has developed 8 supporting products that each offer something groundbreaking to various emerging markets.
These exciting new developments include:
At its core, CREDIT is a hybrid PoW/PoS blockchain. Now officially into its second year of block production via POS only, thousands of Credit miners are earning from supporting the CREDIT Blockchain and earning new coins for doing so. Since its launch, Terra has ensured that CREDIT users have the widest range of wallets available. With support for Windows, Mac, Linux, Android and even Raspbian from inception. CREDIT miners do not compete with each other and all of them even support the blockchain CREDIT
The unbanked segment of a financial world consists of at least 2 billion adults, who predominantly use smartphones, but lack the necessary means to use a bank account. Due to this, a potential Trillion or more in US Dollars is currently outside the global financial system.
Credit is a highly progressive blockchain which can support CREDIT mining with almost any digital device, offering a real-world solution to those struggling to store and increase wealth outside of the banking system
Solo miners can stake rewards with a potential gain of 100% annual profit, and receive mining rewards. CREDIT is a payment processing platform that already facilitates online and physical payments across every conceivable device.
Dan Ronchese, Founder of The Terra Foundation and creator of the Credit (CREDIT) Cryptocurrency, stated:
“The only way a cryptocurrency can become a global payment system is if everyone who makes payments has access to it”
The CREDIT system is designed in a simple way for anyone who has a basic computer or smartphone. In this way, the MiniPoS system is designed as a web-based cryptocurrency passive profit generator, that stakes Credit and awards income hourly. TerraceX currently offers fiat to crypto services in 5 African countries and will add Colombia to that list in a few week’s time.
Recent CREDIT price movements have been largely positive, with trading volumes also on the increase. The current price of CREDIT is around $0,000012 USD, which is roughly 40% up from this time last month. CREDIT can be purchased on Bitforex, Catex, and Hubi and TerraceX. The price of CREDIT can be tracked on CoinMarketCap.
Disclaimer Terra is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value or value at all. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.