CREDIT, the African Cryptocurrency of Choice, Celebrates First Anniversary – NullTX

Based out of Johannesburg, South Africa, CREDIT is a cryptocurrency that is swiftly being adopted in the emerging markets of the African continent. Recently, it marked its first year of existence as more and more users adopt it.

New Year, New Developments

A hybrid blockchain that utilized both Proof of Work (PoW) and Proof of Stake (PoS), CREDITs first anniversary is being celebrated by the crypto exchange TERRA offering CREDIT users a vast portfolio of products and services. It is also now fully PoS. Currently TERRA is offering 8 unique products, with each one catering to a specific need that the emerging market of Africa needs:

For the Unbanked and Poor

CREDIT is a cryptocurrency that is specifically designed towards people who cannot enter the mainstream banking system due to different barriers. Cut off from the financial systems and markets, these people have no other option. CREDIT changes all of this. A hybrid crypto with easy to use, hold and stake tokens through smartphones, it allows everyone to take part in the crypto economy.

Terra founder and creator of CREDIT, Dan Ronchese talks about his belief,

The only way a cryptocurrency can become a global payment system is if everyone who makes payments has access to it

With the unbanked populations with access to smartphones reaching 2,000,000,000 in number- yet still not having access to a bank account, an immense financial potential of humanity is locked away. CREDIT aims to change that and also bring prosperity to them.

CREDIT, with its PoS, has extremely low power requirements and a vast array of supporting systems, can be used on Android, iOS, Microsoft Windows, Linux and even Raspberry based devices. A real-world solution to an important problem, the CREDIT is being adopted at an unprecedented rate in the emerging markets of Africa.

For more information on the unbanked-friendly African cryptocurrency, visit their website here.

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CREDIT, the African Cryptocurrency of Choice, Celebrates First Anniversary - NullTX