Bitcredit Protocol
A Bitcoin-Native E-Bill / E-Cash System
Mission
Bitcoin can be more than just a store of value,
it can become the world's medium of exchange.
Bitcredit eBills enables peer-to-peer trade finance without bank intermediation, on unblockable Bitcoin rails. more: Bitcredit eBills
Pilot projects are underway globally on Bitcoin Testnet. Most are in soft commodities: cacao, coffee, wine, timber, meat, etc. more: pilot projects
Bitcredit eCash is like cash, but digital. It is for direct, instant payments in shops and online. Simple, private, secure, unblockable, non-custodial.
eCash is most powerful when denominated in Bitcoin, but it must also work as digital fiat: USD, EUR, CNY, and other local currencies. more: Bitcredit eCash
Bitcredit is not a company. It is a community-driven, decentralised organisation. This format aims to ensure the project's perpetuity and autonomy. Its governance and continuous reward system make it self-sovereign and geopolitically neutral, located in cyberspace, independent from any nation state and jurisdiction.
The Bitcredit project grows through independent initiatives of developers, educators, and researchers around the world. The DAO rewards community contributions with awards of e-IOU.
Bitcredit mints split e-bills into minibills, a novel form of non-custodial e-cash. Anyone can download the open-source Wildcat software, run a mint, and compete on industry specialisation, minting fees, service level, or guarantee ratio.
E-IOU, the Special Guarantee Asset of Bitcredit, is verifiable on Bitcoin mainchain, skin-in-the game which bridges the time to recovery in case of a dishonoured e-bill. The more trade finance, the more demand for its fixed supply.
Bitcoin is a sound electronic base money asset, digital gold. But it cannot compete with fiat as a global currency until it grows a credit superstructure on top. Here is how Bitcredit builds the missing M1 layer.