Trestor Reports Successful Pilot of Digital Currency in Cameroon

Trestor Foundation, an India-based Startup Startup A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c A company operating within its first stage of investing is known as a startup. While startups may give the impression that the company must be new, that is not always the case.Many companies can have this designation after nearly three years of existence. Typically, a company exits the startup status after a period between 3 to 5 years or after successful funding rounds where capital is acquired. Startups tend to derive out of the belief that there is a demand for a service or product which is c Read this Term, has reportedly run a successful pilot program for its Trest digital token in Cameroon.

2013 and 2014 saw the creation of hundreds of alternative digital currencies to Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, each claiming unique features that will enable it to reshape the world of money. Most have functioned as useful experiments at best. A small handful, for example Hullcoin, were proposed specifically for struggling economies, often with limited success.

Trestor also claims a number of unique features, including zero transaction fees.

Cameroon is an impoverished African country, which like many of its neighbors has a severely underdeveloped financial system. It reportedly agreed to trial Trest tokens after their reported success with Socapssi, an organization whose stated aim is to help locals gain access to national insurance.

Antoine De Padoue, founder of Socapssi, reportedly told Indo-Asian News Service that 500 people from "a small economically-knit community", aged 15 to 35, were enrolled in the program. They were asked to use the tokens as their default method of payment for 30 days, and they artificially created a Trest-based micro-economy.

De Padoue said that the first partner retail location is operational, and another 500 are planned over the next 12 months. Trestor claims to currently have 592 retail partners in 65 countries.