After implementing a stablecoin, it will be easy for people to exchange fiat dollars for bitcash 1:1 in an OTC market. We plan to make it as easy as possible using digital exchange such as Paypal, Venmo, Zelle etc.

Our first stablecoin will be pegged to the US dollar and have off-chain conversions to other national currencies. In the future we’ll create multiple other national currency stablecoins with a focus on countries in Southeast Asia and South America.

Our main focus is to provide an extremely liquid EOS/USD exchange, but we plan to eventually add Bitcoin and slowly add other select cryptocurrency coins on our platform.

Because the bitcash platform pools user assets into a treasury there is an opportunity to implement custodial features that provide more convenience and protections for users, especially large stakeholders. We can implement an account recovery system based on enabling users to hash ID information with private keys and link their ID information to their EOS account and submitting the hash to the blockchain. Once the link between a user’s ID and EOS accounts is established, users can rely on KYC providers to verify their identity and match ID info with the unique hash. EOS42 has described one version of this opt-in recovery system. In addition to ID hashing, users can add additional factors for recovery such as friends & family validation as well as other hardware keys.

The lending business is a natural fit for a stablecoin system. The first loans created from our platform already enable margin trading for the exchange. Users can use bitcash to leverage their EOS positions. Users can borrow EOS collateral to short EOS.

Tokens can be used to act like securities, but with a new model of partnership ICOs we can expand on fundraising without the regulatory friction In addition to equity issuance, we can also provide longer term bond issuance to complement money market and short term paper issuance that our stablecoin system can provide.