Advance Credit Digital Transaction
1. A person requests an advance credit digitally, based on a future receivable of €10,000. 2. Our (digital) company issues €8,000 in digital tokens and transfers them to the person who requested it. 3. The person who requested it pays €2,000 in digital tokens to suppliers (stores...) and converts another €3,000 into fiat currency. 4. After 30 days, the receivable of €10,000 is settled and the amount is deposited into the digital company's fiat reserve. 5. The digital tokens remain in circulation, now with the security of being fully backed.
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