Corpcoin

offers a unique method to significantly reduce the costs associated with the financing and validations surrounding current payment processing by creating a digital currency backed by investment grade corporate debt. can reduce the costs associated with these services and fees including: • Financing (e.g. commercial paper, bank loan) • Money transfers • Letter of Credit • Contracts and contract execution (terms and conditions) • FX risk Using Blockchain technology, enables an independent, fully audible and distributed ledger that facilitates B2B payments at a nominal cost. HOW? Crpcred is a digital currency unlike the virtual currencies that exist today. Virtual currency - schemes differ from electronic money schemes insofar as the currency being used as the unit of account has no physical counterpart with legal tender status. Bitcoin pretend to be ‘gold’ and accomplishes this feat by limiting its quantity and it’s value is set by consensus of those how agree upon Bitcoin’s representative value. FIAT currency has been defined variously as: Any physical money declared by a government to be legal tender. State-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard. Intrinsically valueless money used as money because of government decree FIAT currencies - today are no longer backed by an asset (e.g. gold or sliver), but by the “faith and credit” of the issuing government. Digital Currency - Crpcred, will be like a FIAT currency. The difference is that it will be backed by the “faith and credit” of corporations rated), rather than governments.