How does IOU relate to digital currencies?

1 answers

• May 03, 2022 · 3 years ago
  At BYDFi, we recognize the potential of IOUs in the digital currency space. IOUs can provide a way to bridge the gap between traditional financial systems and digital currencies. They can enable faster and more efficient transactions, especially in situations where immediate settlement is not possible. However, it's important to ensure that IOUs are issued by trusted parties and that proper safeguards are in place to protect against counterparty risk. We believe that IOUs have the potential to enhance the usability and adoption of digital currencies, but it's important to approach them with caution and conduct thorough due diligence before engaging in IOU-based transactions.
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