John McAfee Set to Launch His Own Cryptocurrency
By Luke Flowers – Cryptocurrency Enthusiast
Renowned British-American computer programmer and businessman, John McAfee, who founded the security software company McAfee Associates, is ready to launch his own cryptocurrency. Eponymously titled the McAfee Freedom Coin, any user will be able to buy cryptocurrency on this chain.
According to its official website, the coin unlike other fiat currencies isn’t subject to relative price-setting mechanisms.
McAfee has stated on his site that the freedom coin has been constructed to tackle the problem of an exchange. The coin does not base its value on any commodity, entity or external item. McAfee has said the coin will always be zero in relation to any other currency, however it is its own market value that is free to grow. Though you wouldn’t buy crypto that has a zero value in relation to currency.
By getting rid of the Freedom Coin’s exchange value, McAfee wishes to bring a first-of-a-kind cryptocurrency that is known only for its purchasing power. He believes this hasn’t occurred yet as you can’t widely sell and buy cryptocurrency for goods or services. This requires a user exchange Bitcoin to GBP or a currency that is accepted to make the purchase.
Although the existing cryptocurrency isn’t new, McAfee has elaborated that a new approach to understanding its evolution and the benefits that can be brought to business operations and economic freedom, can be exploited and increase the need for buying and selling Bitcoin and other cryptocurrencies.
You can buy and sell Bitcoin UK for your economic freedom from your trusted Bitcoin broker, so make sure you delve deeper!