Blockchain Registration Transaction Record

Bitcredit Protocol Aims to Upgrade Bitcoin as Viable Currency

Bitcredit Protocol aims to upgrade Bitcoin into a viable currency for the real economy, offering businesses a direct solution for working capital and trade finance. The initiative will expand the Bitcoin system with a credit money layer M1, backed by electronic bills of exchange, and is recruiting specialists to complete the development of its minimal viable product version (MVP).

This news matters because it addresses the stagnation of Bitcoin's adoption as a global digital currency and offers a potential solution for businesses' working capital and trade finance needs. If successful, this initiative could open up new opportunities for Bitcoin adoption and impact the global economy.