Following the massive influx of cryptocurrency-related services and financial institutions in recent years, Ibera has made itself known as a financial service with massive aspirations—and several concrete plans on how to make an evolving altcoin dream into a reality for an eager consumer-base.
But potential customers should carefully consider the opportunities—and risks—associated with this budding institution before getting economically involved. This guide will introduce the premise and plans of Ibera, from concept to actualization.
What Is Ibera?
As with many blockchain-related technologies, the exact definition of Ibera is a difficult thing to pin down. In simplest terms, it purports to be a new financial system utilizing several decentralized features to provide a unique economic experience for users.
Though later sections will explain exactly how Ibera claims to provide such a unique and individualized service, it is sufficient to first say that Ibera is a service which hopes to become a legitimate alternative to traditional financial systems in the modern era.
In terms of actualized objectives as a currency, the Ibera home page itself perhaps puts it best. The site’s creators elaborate to say that they seek to “automate economic transactions,” facilitating them to “digitize the process.” Though this alone does not differentiate Ibera from the thousands of other decentralized cryptocurrencies which now saturate the internet, there exist certain components of the Ibera proposal that make it an interesting competitor in the growing crypto-financial marketplace.
How Ibera Latinex Blockchain Cryptocurrency Works
Perhaps the most talked-about component of Ibera on their own website is the concept of digitalization and automation. From their perspective, there is a pressing need for financial automation in the modern era. They aren’t entirely wrong; the entire concept of cryptocurrency embraces the concept of automation and digitization.
Playing off of this idea, Ibera seeks to further automate and digitize transactions using their own form of altcoin.
Ibera IBR Token Details
As with many budding crypto-financial institutions in 2018, Ibera comes equipped with its own cryptocurrency, called ibera Token. Information regarding the specs behind the blockchain system, the verification of transactions, and the history/objectives of the cryptocurrency’s rolling out can be found here.
For those familiar with the Ether currency, some good news: the same reliable blockchain technology behind the quickly-growing Ethereum currency is being mimicked by the Ibera blockchain. Ethereum’s unique commitment to total decentralization fits right in with the Ibera desire to decentralize, and is projected to remain the conceptual model for future versions of the currency yet to come.
Following again in the footsteps of more popular growing crypto-companies, the Ibera Token market also seeks to make ample use of the deployment of “intelligent contracts” to facilitate the ibera actualization of the growing public interest in smart contracts to regulate deals and trade.
Three main features are listed under the “Goals” section of the Ibera website. These goals serve as some of the only expanded planning aspects on the website and are consequently great sources of information.
Ibera cards are a simple feature offered by the decentralized currency providers. They would function, and even look, like bank cards which currently exist. The key difference is that, as a part of the decentralized system, they do not require an actual bank account.
Drop is a “multiplatform” community which Ibera seeks to offer. The community is supposedly a platform for users to communicate their service and product needs and be linked to professionals that could satisfy their needs.
Finally, Latinex is the Ibera path to the coveted crypto-stock market. This platform is unique because it places the focus on facilitating trade “between Latin America and Spain,” providing a uniquely non-English platform for the trading of stocks in the decentralized cryptocurrency market.