Hello again,

Jcash can currently be used to hedge against falling crypto rates. Simply put, if you expect ETH to fall, you can switch it to stable Jcash to protect yourself against falling rates. At the moment Jcash is not accepted anywhere, but in the future merchants could use Jcash to accept crypto currencies by converting them to Jcash or accepting Jcash directly. There are also several pilot projects with financial institutions, governments and regulators in which Jcash and consequently JNT play a key role. However, these pilots take their time and understandably some parties prefer silence regarding the collaboration or specific details. Jcash will definitely not be usable on unregulated exchanges due to legal requirements, as most exchanges don’t take KYC and AML/CFT requirements serious enough. Jcash was rolled out with a soft launch in Germany, Switzerland and the UK to pilot the product with a small group first. Besides the optimization of the onboarding process, there are still a few bugs that need to be ironed out before Jcash can be offered to the wider public. This is from the Chinese Community Response that has been released earlier this month (https://drive.google.com/file/d/1Wbgt5AdK3Kf8gr2od-z8ALv1Bs7rpKKs/view?usp=drive_open):

“The next iteration of Jcash will include a larger number of countries, and additional Jcash tokens will be minted as the adoption of the cryptofiat solution increases.
Marketing efforts for Jcash will be targeted to the jurisdictions the product is rolled out in. There is a comprehensive plan for Jcash customer acquisition with referral agreements, digital and traditional advertisements, airdrops and joint initiatives with institutions planning to use Jcash.”

The next update will be released on October 5 on Medium.