The cryptocurrency was originally created to be able to overcome various problems that exist in traditional transaction systems that have many problems and loopholes, such as centralized, prone to manipulation, not anonymous, inefficient, etc. The cryptocurrency was created to be a payment system that is faster, decentralized, safer, anonymous, and more efficient. Since it was first launched in 2009, the mass adoption of cryptocurrency has continued to increase every year, even experts say that cryptocurrency will become the payment system of the future which will replace fiat currency.
Especially during the Covid-19 pandemic like now, people have started using cryptocurrency to buy their various needs, because they don't need to touch physical money. People are even starting to invest directly in cryptocurrency and trying to profit from the cryptocurrency market. Therefore mass adoption of cryptocurrency is inevitable.
Talking about cryptocurrency, there is one platform that we will discuss this time, namely My Identity Coin - a project to create the world's first ``tagging/wrapping'' technology to eliminate risks from loss or theft.
My Identity Coin: Technology To Eliminate Risks From Loss
My Identity Coin is part of “The Money Project” by OkGlobal Coin SWITCH. The solution provided by My Identity Coin is tagging/wrapping technology that aims to eliminate risks from loss or theft. To keep things simple, with My Identity Coin your information will be on the coins that you bought with the My Identity Coin solution. So when someone wants to claim your coin, they cannot just claim it, because we have information about who is the original owner of the coin, which cannot be manipulated or edited.
My Identity Coin is a utility coin that has cryptographic blocks with unique owner identifying code, which can store data and information about the owner of the token. So that when you buy coins, your data will be stored on these coins. With this, we can prevent thousands, and even millions of coins lost due to negligence or theft.
OkGlobal Coin SWITCH
As previously explained, My Identity Coin is part of “The Money Project” by OkGlobal Coin SWITCH which is a first and only compliant international blockchain project aimed at disrupting and takeover over banking, finance, exchange, and payment processing via a decentralized autonomous organization.
OkGlobal is a platform that aims to solve various problems and make the crypto world better. OkGlobal provides various features that protect the participants, such as regulation, transparency, smart management, lower costs, easy payments, etc., which greatly facilitate the participants. And My Identity Coin is part of this great platform.
My Identity Coin (MYID) is part of “The Money Project” by OkGlobal Coin SWITCH which is a tagging/wrapping technology that allows storing owner information on coins. With the solution of the cryptographic block with a unique owner identification code offered by My Identity Coin, it allows coin owners to be able to store their information in the coins they buy, which can reduce the risk of theft or loss of coins due to negligence.
- My Identity Coin a project to create the world's first "tagging/wrapping'' technology to eliminate risks from loss or theft.
- My Identity Coin is a utility coin that has cryptographic blocks with unique owner identifying code, which can store data and information about the owner of the token.
- My Identity Coin (MYID) is part of “The Money Project” by OkGlobal Coin SWITCH.
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