Over the last decade, the definition of payments has drastically changed, with the good old currency notes taking the back seat as more and more people flock towards electronic payments. However, electronic payment methods weren’t perfect either as financial institutions slapped high processing fees for such transactions, not to mention the delays one continues to face when it comes to traditional wire transfers. These factors led to increased adoption of cryptocurrencies like Bitcoin which didn’t need intermediaries and peer-to-peer transactions were almost instant.
As Bitcoin and other cryptocurrencies gained wide-spread adoption, few inherent shortcomings in the blockchain infrastructure became evident. Issues with the scalability of crypto networks meant delays in transactions and significantly higher miner fees than what was initially envisioned. And then there are skeptics who don’t agree that conventional cryptocurrencies like Bitcoin can have inherent value as it is just a bunch of zeros and ones backed by nothing.
Rushing to the rescue is RUSH, a breakthrough cryptocurrency payment system fueled by an ERC-20 asset-backed token. Quite unlike other cryptocurrencies, RUSH is tied to the purchasing power of real goods, in this case, aggregate quarries. Each RUSH token (RUC) is equivalent to the prevailing value of one cubic meter of aggregate quarries which are the source of construction material – the second most consumed material in volumes by humankind. The backing of real-world assets means RUSH is less prone to volatile price fluctuations that other cryptocurrencies are famous for, which in turn makes RUSH ideal for payments, especially large transactions as the parties don’t have to worry about unexpected losses due to sudden surge or drop in value.
As a true global cryptocurrency, RUSH scores high when it comes to transparency and stability as it is based on Ethereum protocol – one of the widely used and reliable blockchain networks. All RUSH transactions are recorded on the distributed ledger and can be easily verified at any time. In addition, the platform also has mechanisms to identify and address suspicious transactions happening on the network to ensure the security of the entire ecosystem.
In a direct comparison to the traditional monetary system, RUSH tokens are mintable, which means as and when the demand increases, additional RUC can be generated to ensure adequate supply. At present, the total supply of RUSH tokens is limited at 1,000,000,000 RUC, available for purchase on the project’s website as well as ProBIT exchange. The RUSH Wallet enables users to manage the crypto asset and conduct seamless transactions. The secure infrastructure also ensures direct settlement of payments without the need for intermediary devices, thereby enhancing the efficiency as well as security of transactions.
By the end of this year, RUC is expected to be listed on another leading crypto exchange platform, Bibox followed by a series of exciting marketing events. The team behind RUSH has a clear roadmap in place to create an entire payment system that combines the technological advancements of cryptocurrency with tangible assets which makes it an ideal alternative to traditional methods.
Learn more about RUSH at – https://therush.io/