Kenes Rakishev is a prominent figure in the development of projects related to new technologies. His venture hedge fund Singulariteam is one of the largest in the global market, and now, this organization is presenting to the world community its latest development – the cryptocurrency Saga, which differs favorably from everything that came before it.
The fact is that the frenzy that began around blockchain technology at the moment when Bitcoin began to actively grow in value has now reached its peak, but the difficulties with the use of electronic money have not been solved.
They are as follows:
- Tokens are not backed by anything, and accordingly, their rate is very difficult to predict, which helps financial fraud on these very fluctuations.
- Anonymity of wallets has not only a pleasant side – a guarantee of privacy. Any coin has two sides, and in this case, the uncontrolled circulation of funds leads to the active use of cryptocurrencies for illegal purposes – this is the other side, the flip side.
And, despite the promising potential of blockchain, which is impossible not to recognize, the leaders of the world’s powers are forced to ban electronic payment units, because until recently, tokens were a “dark horse”.
Rakishev created a cryptocurrency, which aims to achieve in the near future the official status, that is, to become the same means of payment as dollars, pounds, hryvnias and rubles (fiat currencies).
To stabilize the exchange rate, financial instruments of the International Monetary Fund will be used, the same as for fiat currencies. Thus, mankind will get a full-fledged electronic money, in which you can safely store capital, and conduct transactions, without fear of waking up one morning and find out that you are broke.
The anonymity of transactions will suffer – the state will be able to check their legality if necessary. Token will become a relevant alternative to paper money, because it will be reliable.
This is a logical development for cryptocurrency, something that many people have been trying to do for a long time, but only now.