The truth is that Bitcoin owes its existence to government-backed currencies, in the same way that vaccines owe their existence to smallpox. We have already seen the value of government-backed fiat and monetary policy, especially in Argentina, Brazil, and Cyprus, to go no further than the letter C. Needless to say, the objections tend to run out by the time you get to V or Z. If money is as stable as the government that issues it, then most fiat currencies have a very dim future indeed.
While most of us haven’t experienced the terror of a plunge into hyperinflation (with everything that means for a savings account), that hasn’t stopped politicians from peeping over the edge. “Quantitative Easing”—the official euphemism for Xerox-based monetary policies—brought us perilously close during the 2008 crisis.
PAX Pago will be a borderless payment and settlement platform. The project provides transparent transactions and will be a medium of stability in the event of economic turmoil. Independent from economic cycles, the project builds an ecosystem supporting the trading of goods and services.
As the platform progresses, there will be features introduced to further develop the overall growth of the ecosystem such as: Validation System, Point System.
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