John McAfee Promises to Unveil “Fiat Cryptocurrency”

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Tue, 05/29/2018 - 14:34
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Yuri Molchan
Controversial founder of antivirus software promised in Twitter to announce a fiat currency which is backed by a digital one
John McAfee Promises to Unveil “Fiat Cryptocurrency”
Cover image via U.Today

The founder of the antivirus software, who is equally famous for his brave and controversial long-term forecasts in the world of crypto, on Tuesday, May 29, promised on Twitter to tell everyone a secret the following day- announce a fiat currency which is backed by a digital one.

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A small crypto trading platform SmartPayMINT has recently made a social media post featuring McAfee’s face on a “fiat cryptocurrency.” And after the comments of the man himself, it became clear that the antivirus creator has something new on his mind to surprise the community with.

McAfee: true or false?

You never know, whether McAfee is joking or being serious or even half-serious. He did reply to a few comments to his tweet about tomorrow’s announcement, saying that he indeed would do this thing.

If such a thing as a fiat currency backed by a virtual token appeared indeed, this would be similar to the gold standard used in the 20th century and it would not let banking institutions exceed a certain limit while printing money.

Well, anyway, we just have to wait and see what news tomorrow and John McAfee will bring us.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.