Token Talks Interviews With The Best Projects In Crypto

If cryptocurrencies were more stable, would more people use them? Nader Al-Naji, CEO and Co-Founder of Basis, believes price volatility is the biggest barrier to more widespread use, and his answer to this is Basis: a new cryptocurrency with an algorithmic central bank designed to keep the price of Basis stable and usable around the world. Listen as Nader explains how Basis is different--and more scalable--than other stablecoins. ##A Basket of Goods Many stablecoins are said to be “pegged” to the US dollar, and Basis plans to start out with this as a guide also. However, the long term goal with Basis is to create a cryptocurrency that maintains a stable purchasing power against a ‘Basket of Goods,’ or the everyday purchases of the average person. If people are confident in the purchasing power of a currency over time, they are more likely to accept and use the currency for things such as structuring a loan or paying wages. ##Why use Basis? People with access to stable, conventional currencies might be perfect