What are CloudCoins?
CloudCoins provide a theoretically “perfect” global currency that cannot be counterfeited, double-spent, mined or lost. Your exchanges are 100% private, requiring no public ledgers, accounts, or even encryption. CloudCoins form a monetary system that is absolutely fair and ethical and requires no special software or downloads, and, like the Internet itself, cannot be brought down by governments, hackers or even nuclear weapons.CloudCoins consist of 3,200 bits of secret data that only the owner knows. These bits are written into jpg images or in text files that can be stored on your computer and sent to your people by email, Skype, SMS, Facebook or even by regular old paper mail.
How to use CloudCoins
When you want to buy something, you will share the secret numbers with the seller. Now you and the seller know the numbers. Anyone who has the numbers can change the numbers using the RAIDA. There are servers on the Internet that work with other servers to create fault-tolerant storage systems called Clouds. The RAIDA is made up of 25 Clouds located all around the world in different jurisdictions and run by independent RAIDA administrators.
What is the RAIDA
Redundant Array of Independent Detection Agents. The RAIDA is a global counterfeit detection system that is indestructible and cannot be tampered with or hacked. Neither nuclear bombs, comet strikes, world wars, dictatorships or government hackers can bring down the RAIDA. Quantum safe, self-healing, simple, fast and reliable, the RAIDA can detect the authenticity of a CloudCoin within milliseconds.
At least one SEC-approved funding platform will be integrating RAIDA technology to use RAIDA instead of blockchain as the basis for tokenization.
Interested companies are in discussion to utilize RAIDA-based technology to tokenize for a much more efficient and seamless process.
Many companies have explored conducting blockchain-based Initial Coin Offerings (ICOs) and found blockchain tokenization has too many difficulties with adoption and is just too technical.
CloudCoin is the native currency of any RAIDA-based protocols. When companies issue RAIDA-based tokens, each of those tokens is, in whole or part, a CloudCoin. When thousands of companies issue tens of millions of tokens, it elevates the utility of, and demand for, CloudCoin, which are the hallmarks of value.
The advantage to investors is the creation of a viable secondary market for ownership units. These secondary markets will challenge conventional stock markets, commodity exchanges, and currency exchanges by being faster, trustless, more efficient and more secure.
A third-party exchange for RAIDA-based instruments is already in the works, using the popular Modulus platform and to be based in Malta. The exchange would feature CloudCoin, other RAIDA-powered currencies, and all RAIDA-based tokens. An exchange dedicated to RAIDA-based instruments greatly expands the liquidity of CloudCoin and builds greater awareness, leading to ever further adoption, acceptance, and growth. #cloudcoin #raida#wearecloudcoin #blockchain
According to local publications, Union Bank of the Philippines, one of the largest commercial banks in the Philippines, has launched the country’s first crypto ATM.
The bank said in an official statement obtained by Philstar that the purpose of the ATM is to provide local users an easy way to convert cryptocurrency to fiat and vice versa.
The crypto ATM developed and distributed by UnionBank is a two-way machine, allowing users to purchase and sell cryptocurrencies.
“In the bank’s continued quest to cater to the evolving needs and tastes of customers, including clients who use virtual currency, the ATM will provide these clients an alternative channel to convert their pesos to virtual currency and vice versa,” UnionBank said.
WHY IS THE CRYPTO ATM LAUNCH OF UNIONBANK SPECIAL?
Since 2017, the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has taken a proactive stance towards regulating the local cryptocurrency industry.
The Philippines was amongst the first countries to regulate cryptocurrencies as a recognized asset class and as a remittance method.
UnionBank has said that it has continuously collaborated with the central bank throughout the past several years and the recent launch of its crypto ATM has been approved by the central bank.
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