/biz/ - Business & Finance

BSV will act as an anchor for fiat currency transactions on the blockchain in the same way that the fiat value of smart contracts will be reflected in Chainlink tokens on the back end. This part of the plan is also almost ready to be put into effect as the Federal Reserve is finalizing a US Crypto Dollar that can be used on the BSV blockchain:
>https://www.coindesk.com/fed-reserve-is-researching-dlt-based-digital-dollar-says-governor
Just like Chainlink, the value and volatility of the token will be irrelevant because the value of all contracts and transactions on the blockchain will be denominated in fiat currencies and the users won’t even know or care about the underlying asset.
3/3

I’ll go back to fudding BSV and LINK tomorrow, but I wouldn’t be positioned to make it if others hadn’t generously laid out these kinds of details in the past, and I would feel guilty making it without doing the same from time to time.