The Digital Reserve Debuts A Global Microlending Cryptocurrency at Startup Grind
Founder Aims to Build a Community Around the Denarii Which Makes Doing Good Profitable Through Macroeconomic Incentives
By: The Digital Reserve, P.B.C.
REDWOOD CITY, Calif. - Feb. 13, 2018 - PRLog -- The Digital Reserve, P.B.C., is sending its founder, Jomari Peterson, to Startup Grind 2018, a Global Community for Entrepreneurs. He will be introducing the development of Denarii - a specialized cryptocurrency designed to tackle the nearly $2 Trillion dollar gap in global financing needs by leveraging unsecured lending and announcing the The Digital Reserve.
The Denarii will run on the Digital Reserve Network, which will use a cost-based proof of stake system and an internal reserve to provide lending. The network will include quantum resistant cryptography for long term viability and a responsive monetary policy to stabilize the value over time.
"We are building the Digital Reserve Network to provide financial services that meet the needs of everyday people. We are looking to work with the global community to build a global team of economists, developers, UX designers, legal professionals and financial experts to assist in creating a working Denarii economy that emphasizes financial inclusion," said Jomari Peterson, Founder and CEO of The Digital Reserve, P.B.C.
The Digital Reserve is a Public Benefit Corporation. As a public benefit corporation it is a special corporate structure that strives to maximize it profit, while also meeting a public good. As such, The Digital Reserve, P.B.C, is a technology development company with a focus on financially inclusive decentralized systems.
The initial innovation of the network's mechanism design has the potential to disrupt the $100 Billion dollar a year microfinance industry. This will establish the creation of a new and unique financial institution that is driven by distributed ledger technology and financed through cryptocurrency.
The Digital Reserve Network will launch in early 2018 following rigorous testing, security audits and development of institutional plugins. Currently their whitepaper, business plan and additional information is available through their website. http://www.thedigitalreserve.org
CEO and Founder of the Digital Reserve, P.B.C.