Bitcredit Protocol is scheduled to roll out Alpha 0.1.0 on Bitcoin Testnet towards the end of August.

The project is now looking for business test users, Corporate Treasurers or Finance Executives, at bitcoin friendly companies.

Bitcredit Protocol is Free Software which adds a "credit money" capability to the bitcoin ecosystem.

For the first time, this will allow serious adoption of bitcoin by the real economy. Businesses can issue electronic bills of exchange in payment for real goods, and Bitcredit Full Nodes ("Wildcats") subsequently mint bitcoin credits (bitcredits) from these e-bills. The holders of bitcredits use non-custodial bitcredit-compatible wallets to pay their employees and suppliers, who in turn can spend for their purchases. At maturity, bitcredit UTXOs redeem 1:1 into bitcoin UTXOs on mainchain.

Businesses' advantage is the availability of working capital financing, which is getting increasingly difficult to come by even in strong economies, not to speak of countries with a financial crisis such as Argentina, Lebanon, and similar.

Bounties are available for successful referral of suitable test users, regardless of jurisdiction. Project website: www.bit.cr

See also: #212848