DUNEDIN, Fla.--(BUSINESS WIRE)--EPIC Corporation (OTC PINK: EPOR) (“EPIC" or “Company”) and Ronald S. Tucker announced “that the EPIC digital currency software will allow EPICcoin™ holders to access their digital currency accounts 24/7.”
Digital Currency Software
Recently it was reported that investors in Canada’s largest Cryptocurrency Exchange were unable to access their funds in the exchange after the exchange’s founder died. The funds were estimated to be in the amount of $190 Million.
EPIC will not be using blockchain technology for its digital currency software. Its holders of digital currency will become part of the EPICcoin.Net community and will have access to their accounts 24/7 through a universal but private software.
EPIC has developed a methodology where its subsidiary EPICcoin, LLC, will sell the EPIC Silver Coin which will be converted into a digital currency, EPICcoin™. EPIC’s EPICcoin, LLC, will be selling the EPIC Silver Coin on EPICcoin™s, LLC’s, BuyEPICcoins.com website. EPICcoin LLC, will shortly be beta testing the sale of EPIC Silver Coins.
EPIC is different kind of crypto company. It and its subsidiaries have developed a methodology that creates a usable digital currency that will enable consumers to purchase basic products and services from standard retail and wholesale companies, including its subsidiaries EPIC Online Brokers, LLC and EPICcoinEx™ LLC.
Digital currencies must have and maintain a relatively stable price to be used in financial and commercial transactions. Cryptocurrencies, because of their extreme price fluctuations, generally are not a usable digital currency. The price fluctuations create a lack of confidence, acceptance, and utilization in mainstream commercial and retail markets. EPIC’s digital currency will have a variable but stable price and possess an inherent potential for value appreciation.
Cryptocurrencies, for the most part, are a reckless speculative investment under the pretext of being a digital currency.
The EPICcoin™, to avoid being a reckless speculative investment, can be bought and sold through the future EPICcoinEx, LLC, which will maintain a bid and offering price at a calculated value with respect to the quoted spot price of silver. EPICcoin™ does have an element of speculation because its price can move up and down. An increase in price could give it greater purchasing power, but a decrease in price would reduce its purchasing power.