Decentralized solution to cash
Credit functions as a digital payment platform, a decentralized solution to cash, and a peer-to-peer ecosystem. Credit's most critical role is as a medium of exchange to facilitate digital transactions.
For Credit to be a medium of exchange, it must be a store of value. If Credit could not be stored over time and remain valuable, it would not fulfill its goal as a medium of exchange. Credit utilizes network wallets. These wallets allow users to stake holdings to support the network and earn new coins as a reward. This strategy ensures that the storage of Credit generates tangible value to the holder over time.
Within the Credit Smartchain ecosystem, Credit will function as a unit of account, providing a universal measure of the value of goods and services exchanged. This approach will enable both buyer and seller to make decisions about the value of the products or services on offer.
International payments are instant and have virtually no cost. The transparency of the Credit Blockchain ensures public accountability of all transactions as every coin features trace capabilities