Review on bitCNY by jesus ruiz
bitCNY, a stablecoin backed by the Asian giant China.
bitCNY is a stablecoin, pegged to the official currency of the People's Republic of China, the Yuan, and represents the amount of BTS equivalent to one Chinese Yuan. In the beginning bitCNY was available only on the BitShares platform.
With the development of an ERC20 bitCNY gateway created by the company OpenLedger ApS, which issued the bitCNY token, any ERC20 coin can be linked to the CNY fiat currency. The bitCNY token was issued by this Denmark-based company, developer of a large number of products related to cryptocurrencies and blockchain
Any user, can trade bitCNY on any platform and access the price stable coin on the cryptocurrency market. For security, all transactions can be tracked with Etherscan.
I personally have been able to buy bitCNY tokens (on a trial basis), store them in my wallet securely, trade with it and withdraw the funds when needed.
I recommend investing in these, stablecoins because they are gaining popularity in the cryptocurrency world because they offer their users a broader experience of managing their finances.
Today's bitCNY price is $0.149604 USD with a 24-hour trading volume of $57,146,127 USD. It has a market capitalization of $4,225,652 USD.
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Pros
- bitCNY is a unique opportunity to trade and control your assets securely and conveniently.
- It offers protection of funds against ERC20 exchange rate fluctuations.
- Backed by the Chinese Yuan fiat currency, and by the economic giant that is the People's Republic of China.
Cons
- none at this time
