Since the introduction of cryptocurrency, several individuals have realized its potential on how it can be adapted to the mainstream and become a viable paying option. With Bitcoin leading the pack and altcoins following its lead, many have expressed its concerns about its affordability and have since gone on to generated their own alt coins.
While the system of digital coins have been around for some time, many still continue to express criticism on how to adapt these digital coins into viable paying options. In short, in order for such means to become effective, the economy must first strengthen its own payment system to enable better transactions.
How the Initiative Q News is Hitting Fintech
Nowadays, a few sites have been buzzing about some Initiative Q news. Initiative Q is a worldwide economic experiment that aims to create its own payment network by generating its own currency. Its ultimate goal is to overcome the biggest barriers in today’s payment network such as the different values of currency exchange, technological differences, and transaction processes.
Initiative Q believes that today’s modern payment options are simply too obsolete as it undergoes slow transaction processes, is susceptible to theft, and require costly operations. By proposing the use of advanced payment technologies, the company hopes to become widely accepted throughout the world.
Since the value of currency is proportional to its use. Initiative Q aims to become widely used so that it can become highly valuable in the future. In an effort to get people to join early, Initiative Q is reserving a few amounts of currencies today. The earlier you join, the more likely you are to receive a significant amount of Q or the currency they are generating. People who are interested in getting the latest currency buzz should receive an invitation to get started.
Reliability of Initiative Q
Since the proposal is relatively new from the guys at Paypal, not many information is provided about the project’s payment options and technology just yet. While the site certainly offers clear-cut explanations of its goals, the fact of the matter is that according to its roadmap it is still in the early stages of recruiting members. This is to achieve rapid user growth in an attempt to increase its likelihood of reaching tens of millions of users.
Other Initiative Q news regarding the proposed payment system is the fact that several people are still on the fence of its effectivity, which is normal since every proposal of digital payment systems undergo intense scrutiny. So far, the site has emphasized its stance on not wanting money from users which means it isn’t an ICO (Initial Coin Offering) nor does it follow the same requirements as Bitcoin and other cryptocurrencies.
Research is Important
If you are still curious about how to get started on using Q’s, your best bet would be to constantly read up on news about Initiative Q, read up on the payment system on reliable review sources, and come into terms with whether you are willing to take the plunge or not. As for the latter, so far there have been no complaints about scams at the moment which is ultimately a good thing.