The concept of money
poundtoken combines the creditworthiness and price stability of GBP with the technological advantages of a distributed ledger technology and the oversight of respected financial regulators.
The medium of money has never stopped evolving. The well-publicised boom and bust cycles of recent cryptocurrencies like Bitcoin, whilst drawing great interest from high-risk investors, have meant the currency’s extreme volatility has kept this fintech beyond the interest of mainstream business users.
Stablecoins are fast becoming the future of digital currencies. poundtoken offers price stability by being 100% backed and pegged in value with GBP Sterling. This design provides stability and eliminates unwanted volatility whilst still offering the advantages of using and moving money digitally.
Leveraging the latest blockchain technology and currency stability allow the creation of a financial platform that can finally operate at the speed and efficiency of the internet without the requirement of a third party. While stablecoins are gaining traction with US dollars, poundtoken is the first dedicated solution for the GBP-based economy in the British Isles.