As we all know banks and other remittance companies like Western Union charge an arm and a leg for transfers to worldwide destinations. Many people around the world have been migrating to distant lands to work and send money home to their families for a better life. Sending money back home to countries such as the Philippines has been a very expensive process in the past but now, with the advent of PESOBIT, a digital currency especially formulated for FILIPINOS WORLDWIDE to use in their daily transactions, is making it much more cheaper and easier to send money home! Cutting the cost of transaction fees is a huge boon for daily commerce and for personal transactions and will also be rewarding to users and holders in more than just one single way.
Long term holders who hold PESOBIT in their desktop wallets will be able to receive an annual POS reward of 5% per annum which actually increases by compounding daily amounts of POS rewards that drop into the wallet. Unlike banks, PESOBIT spits the rewards daily so you actually end up earning more than 5%
Purchasing PESOBIT is easy and you can do that via one of the participating exchanges and now with mobile technology at hand, everything can be done using your mobile applications and phones, so even on the go you can do PESOBIT transactions!
Using PESOBIT will save FILIPINOS millions of dollars every year in fees and there are much more awesome things in the pipeline being created into the PESOBIT infrastructure by the Development team. Great new products such as debit cards and eCommerce shopping cart payment modules will be additions to this great new way of dealing with monetary transactions.
PESOBIT, although created for the Filipinos in mind, is an international digital currency that can be bought and sold and hoarded by Crypto Enthusiasts around the globe and as we know Filipinos have a very strong hardworking ethic, so we should see great progress with the PESOBIT DIGITAL CURRENCY! So owning and holding some PESOBIT as part of one’s investment portfolio would be a great way to leverage against the the constant losing of value of fiat currencies.
You can open your PESOBIT WALLET here: https://wallet.pesobit.net/
Here are the specifications for PESOBIT Digital Currency:
Last POW block: 10,000
Total coin after POW: 20.5 million
16 million will be distributed during ICO.
300k pre-ICO supporters
3 million for future development of the services
Here is a list of links and useful places where you can find more information on the PESOBIT project and also check on future developments as they come into play and enhance the PESOBIT PLATFORM that is making headway in the FILIPINO Remittance world and internationally of course! Stay tuned also here at CRYPTOSPHERE as we will be posting future updates as well.