John McAfee Promises to Unveil “Fiat Cryptocurrency”

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Tue, 05/29/2018 - 14:34
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    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”

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 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. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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