Can you please explain what are the advantages of the iFiat Ecosystem?
Hopefully this will shed some light on it for you:
Fiats exist on Agate blockchain rather than on less developed and tested blockchains, also, not within closed-source software running on centralised, private databases, or on very costly and slow blockchains like bitcoin, which is not viable or practical to use it as a medium to transfer funds or for micropayments.
Although, iFiats can be used just like other cryptocurrencies, i.e., in a p2p, pseudo anonymous, decentralised, cryptographically secure environment, but they are only circulated inside Agate blockchain to facilitate the payments and real-time settlement and secure the value of funds for both users and merchant as iFiat redemption will not face any pricing or liquidity constraints.
iFiats run on one of the fastest decentralised blockchain platforms, which include a decentralised exchange (DEX), Browser base, wallet encryption, open source, multiparty security and reporting functions and all transaction can be tracked on our blockchain explorer.
iFiat’s one-to-one backing implementation is easier for traditional merchants to understand and accept for their goods or services.
Although iFiats are fully redeemable via the options below, the best use case scenario is to spend it with other merchants or suppliers, because it’s real-time and has a very small transaction fee for users.
Instant loading onto virtual or physical debit cards
Request to transfer to bank account
Pay any type of bill, include loan repayment, utilities etc.
Generate crypto gift voucher, which is redeemable with all Agate merchants (in store or online)
Some countries can afford crypto ban at the moment, but later they will regret it.