PRESS RELEASE. Even though Bitcoin and Ethereum are called ‘cryptocurrencies’ people still treat them like assets instead of currencies. People are not spending cryptocurrencies on a large scale, nor are merchants accepting them on a similar scale. Generally speaking, you still cannot pay for a cup of coffee at your local café with your bitcoin. Jax.Network , a project based in Kyiv, Ukraine has endeavored to solve this issue. Its goal is to bring cryptocurrency to mainstream day-to-day use by first replacing the stablecoin market, with its decentralized, scalable, Proof of Work based coin ‘Jax Coin’ and then aiming for the greater global payments market after. A gargantuan goal to say the least, however, it was not born out of a whim. Much thought, time, and research have gone into the project since its inception in 2018. As the project was beginning, members of the newly formed Jax.Network team had one goal: to research and develop a decentralized, scalable, and stable coin that w
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