Quote from: birdonthewire on September 16, 2018, 09:46:17 AM

Thank you, neuthor...perfect explanation. Really valious for people out of the financial system...thanks.

But some questions,please....where is possible to change the JCash by fiat money ...and receive fiat in a personal bank account ? This service goes actually ? Theres some "official provider" like a bank, funds company, etc ?

Another : Some JNT Tokens will be burned after the operation to change JCash to fiat ? How much ? That affects the JNT supply ?

The last, sorry : I read some information about backing transfers in 75% of JNT Tokens and 25% of FIAT currency ... is it correct ... at what point in the process does it occur? (between which parts?)

Thank you for your aid. Really.

jCash to fiat (or the other way round) by SEPA/SWIFT is not supported as of now.
However the team have stated several times that they are intending to implement these systems to make such transactions possible.

As there is currently not much information regarding the withdrawal of JCash via bank transfer, I cannot say whether JNT will be necessary for this or whether it will be burned.
I personally assume that JNT will not be burned, but will be kept by the Jibrel DAO to ensure a higher solvency.

The team's last statement was that JCash will be backed 75% by JNT and 25% by fiat. But I'm afraid I can't tell you if that's still the case.
I think we'll soon get some medium posts explaining the latest developments and changes regarding jCash.