Math-based digital currencies allow billable increments in fractions of a penny. Because ripple is also a meta-currency, US Dollars can be converted to/from math-based digital currencies (Bitcoin, ripple XRP) as well as to/from multiple government-backed currencies such as US Dollars, Euros, Yen, Australian Dollars, Canadian Dollars, etc. The conversion only requires a few seconds and the cost is < 1% transaction fee. As an alternative to MasterCard/VISA, digital currencies are more versatile, offer faster transaction times, lower costs, do not involvle credit-card APR charges, and do not support charge-backs.
The proposed Joint Venture's larger business opportunity is to provide software and services to digital currency credit unions, a market with strong growth potential. The killer app for market growth could be Skillzer or other Joint Venture brands. |