The current market situation has banks losing their market share and revenue to digital currencies. Since the current banking system is very slow at adapting to changes on the financial market, more agile digital instruments such as bitcoin and other cryptocurrencies are putting the pressure on the industry.

Bankcoin Reserve Coin, as opposed to other cryptocurrencies on the market, wasn’t created to compete with banks. This new multifunctional product allows banks to adapt and adopt innovation through Bankcoin Reserve and its licenses.

However, the main difference between Bankcoin Reserve Coin and other cryptocurrencies is that its price is pegged to the maximum market price of one troy ounce of gold as of the previous month. This price becomes the minimum price on the coin for the following month.

In other words, Bankcoin Reserve Coin doesn’t manufacture its market price, meaning that the current gold price defines the price on the coin.

For more information on Bankcoin Reserve Coin — https://bankcoinreserve.io/bcr-fundamentals