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No, in a real deployment, the denomination will not be KUDOS, but USD, or EUR. You just pay 100 EUR to the bank, the bank issues you, for example, 100 digital c
by summm 5y ago
No, in a real deployment, the denomination will not be KUDOS, but USD, or EUR. You just pay 100 EUR to the bank, the bank issues you, for example, 100 digital coins of 1 EUR each. And you pay with these coins (simplified, there are different sized coins and a mechanism for giving change) It's more like paypal or visa than like bitcoin in this regard.