Re: [ANN][WHITELIST]WorkChain.io- Real Time Payroll on the Blockchain | Working App!
awesome idea but its gonna take a loooong time to get used in real life. People still don't buy their groceries in bitcoin, pay their rent in bitcoin, pay their mortgages in bitcoin, and so on. As soon as cryptos are used more instead of bought to make money, this project will be on the first row. This is not a question of if, it's a question of when,but these kind of projects like Workchain will surely speed things up!
Yeah sometimes you just ask yourselves how I didn't think of that?
It is great idea,but implementation is toughest part,but Workchain has experience needed fot this to be success,so im definitely optimistic,
It is also quite difficult to get noncrypto people interested in using crypto which will be needed for this project to go global.
Its true that people's interest in crypto is not yet big enough and many are afraid of volatility.
To overcome this problem, at WorkChain.io, we are implementing solution using stable-coin like TrueUSD, which is always 1:1 with USD.
This approach will bring crypto to people and they don't even need to know about it.
They will be earning TrueUSD which is same as USD and spending it in real world using their crypto debit card.
Using TrueUSD they are already in crypto ecosystem and barrier for exploring the rest of ecosystem.
So TrueUSD is something like Tether,and we will be able to use that on exchanges?Or it will be internal currency?
TrueUSD is currency already created by a US company: https://www.trusttoken.com/trueusd/
Compared to Tether they have audit pretty often by public audit company Cohen & Co: https://blog.trusttoken.com/trueusd-attestation-reports-86f693b90a4
I think this is is the last one: https://drive.google.com/file/d/1LL2ybvBk_uA60DdR_KjFkry6ON_VruAD/view
Also difference is that at the moment you can go to company that has issue TrueUSD, give it back to them and receive it directly on your bank account.
Thank you for the explanation and all the info,i had no idea about TrueUSD,and today i learned something new
