🗝️Cryptocurrency Issues

Following are some of the current challenges with cryptocurrencies that BCCX aims to solve.

Lack of intrinsic value

Globally, at the government and central bank level, there is an underlying mistrust of non-asset backed cryptocurrencies. Central banks are hesitant to hold cryptocurrencies that are not backed by an underlying asset or commodity due to several reasons.

Cryptocurrencies without an underlying asset or commodity may not have any inherent value, making them more susceptible to market speculation and volatility. Central banks prefer to hold assets that have a stable value and a reliable store of wealth.

BCCX token suite offers fully gold & silver backed currencies

Unregulated nature

The decentralized and unregulated nature of many cryptocurrencies can make them a risky investment for governments, central banks & other large players. Central banks are responsible for maintaining the stability of the financial system and may be hesitant to invest in assets that are not subject to the same level of oversight and regulation as traditional financial instruments.

BCCX aims to be a fully regulated & compliant platform with solutions aimed at governments & central banks

Limited adoption

With the exception of a handful of major coins, cryptocurrencies without an underlying asset or commodity may have limited adoption and acceptance, which could make them less attractive to governments & central banks as a store of value or medium of exchange.

BCCX is re-inventing precious metals which were historically the main store of monetary value - no adoption issues!

Volatility

Cryptocurrencies' volatility make them unreliable as value stores and unsuitable for use as currencies.

Considering the price instability of the leading coins, it's evident that they can't serve as stable reserve currencies for global trade. These traits hinder widespread adoption, as a currency must be stable and represent a fixed exchange article in an economy. For instance, businesses with budgeted profit margins face substantial risks when accepting these currencies as payment or holding them on their balance sheets.

Money was invented to enhance and streamline commercial transactions. Although early cryptocurrencies have set the stage for a decentralized future, their present limitations hinder their practical use in commercial settings.

However, they have paved the way for groundbreaking innovations like BCCX.

BCCX offers tokenized Gold & Silver which are significantly less volatile and useful as long lasting stores of value