Looking at www.nubits.com, it seems to me as if “Transferring” is the second area where real-world NuBits adoption could occur. The first being “Trading” as a hedge in crypto downturns like the situation we’re watching today.
An ideal target country would be one that has a) a large amount of annual remittances, b) a reliable exchange, and c) a technologically-literate user base.
In my mind, this initial ideal country is China. The country transacted approximately $57 billion in remittances in 2011. It has a reliable NuBits exchange (BTER), and a population that is enthusiastic about cryptocurrencies.
What would be the best way to begin targeting this market? I was thinking that creating a Chinese-language user guide showing how a NuBit remittance transaction would be completed would be helpful. Distribution of this guide could then occur in appropriate channels. Bitcoin has largely failed in remittances because of its extreme volatility, but NuBits is tailor-made to satisfy those needs.
Excellent start Cybnate. I’m going to make this a project for this week. The existing videos we have from Chronos are fine (the Sending and Receiving one in particular). Will begin working on a supplementary marketing piece that clearly outlines process & benefits, and then work with members of our Chinese community to translate.
I would be open to a contract to produce further videos, to support this plan.
I also recently put forward a general “Intro to NuBits” video proposal, roughly parallel to Intro to Peercoin, that’s on temporary hold until the protocol settles into a more concrete state. (For example, we might add NBT burn functionality, which would significantly alter such a video.)