Rebranding a product is a risky move that doesn’t always pay off. This is the risk that Raiblocks (XRB) took when it decided to change the cryptocurrency’s name to Nano (NANO). The reason why the folks behind Raiblocks (XRB) were willing to take this risk is quite simple, no one knew how to pronounce the name and this was affecting its public perception.

Rebranding to Nano (NANO)

Luckily, the rebranding of Raiblocks (XRB) to Nano (NANO) was a success and the cryptocurrency’s value started growing. Therefore, dropping the Raiblocks (XRB) moniker was the company’s best choice. However, a lot more things happened to Nano (NANO) in these past few months such as when then cryptocurrency’s price stagnated.

Competing Against Bitcoin

Nonetheless, the rebranding of the cryptocurrency showed us that Nano (NANO) has a bright future ahead of it. To make things even better, the folks who are in charge of Nano (NANO) are tirelessly working towards getting more companies and investors to adopt the NANO token.

In fact, the Nano (NANO) team is carefully working on a “master plan” which will help them with adoption. If the plan works out, then Bitcoin (BTC) will finally receive some tough competition from another cryptocurrency than Ethereum (ETH) and Ripple (XRP).

Nano (NANO)’s Main Goal

One of the greatest things about Nano (NANO) is that its developers are very transparent. They made it clear to the entire world that their main goal is to become a global cryptocurrency that can be used for instant transactions. In addition, Nano (NANO) will also charge zero fees for transfers that use the native NANO token.

Things get even better than this since Nano (NANO) wants all transactions to take place over a secure decentralized network which guarantees anonymity to people who use Nano (NANO)’s services. To sum it all up, Nano (NANO)’s main goal is to become the fastest method of sending funds all over the world.

Updated Roadmap

The biggest news related to Nano (NANO) is the upcoming updated roadmap. We are going to go over two of the main focuses of the updated roadmap in order to see where Nano (NANO) is headed. Interested readers can check out everything there is to know about the updated roadmap themselves because the developers have made it public.

Smart Cards

Truth be told, Nano (NANO) is not the first cryptocurrency to look into Smart Cards, but it’s one of the most important highlights of the updated roadmap. Nano (NANO) plans to integrate Smart Contracts into its platform which will make the NANO token more appealing towards investors.

The addition of Smart Contracts has opened the doors for millions of point of sale terminals worldwide. In case you didn’t know, Smart Cards are basically computerized cards which can run programs through supported terminals. This type of cards are used all over the world because they have different types of uses which make them ideal for governments and credit card issuers for example.

Point of Sale Terminals

The best thing about Smart Cards is that they are renowned for their high-security protocols. On the downside though, they are not integrated into traditional POS terminals and being mainly used by people who don’t want to have anything to do with banks. This is where Nano (NANO) sees an opportunity.

Nano (NANO) hopes to become the “go-to” currency for people who prefer Smart Cards over traditional bank ones. Not only that, but Nano (NANO) plans to get these cards adopted by all types of POS terminals which means that people will be able to spend their NANO tokens on everything they want to purchase.