BitRabbit Digital Asset Exchange is happy to announce: As a designated official trading partner of PHI, BitRabbit has opened deposits and withdrawal for PHI on September 17th, 2018. Feel free to check it out on the Personal Assets page.
PHI is a decentralized commercial bank and stablecoin. Today's commercial banks face harsh structural challenges, a physical operating infrastructure, large number of redundant employees, and compliance processes all have high natural costs. The existing banking mechanism now have repeatedly generated a large amount of bad debt that impacts the economy. It even triggered the subprime mortgage crisis in 2008. In addition, many commercial banks are using their monopoly to hinder the pace of other financial innovations.
The PHI system restructures an autonomous lending system consisting of a smart contract system - this system relies on algorithms and an open loan certifier network for lending, and its reliability is far beyond the traditional lending mechanism. At the same time, like traditional commercial banks creating currency, the PHI autonomous lending system can create a stable native currency (like the US dollar, euro, renminbi, etc.) on the blockchain for all users.
[RISK WARNING] Digital currency is a new social product that is still in its initial stage of development. There could be many risks in the market of digital currency trading (e.g. technical defects, price fluctuations etc.). Users should be fully aware of the investment risks. Established under the legal framework of Australia, BitRabbit is a neutral trading platform aiming to satisfy the trading demands of digital currency fans and is not liable for any review, warranty or compensation liabilities of the currency value.
Thank you for your support and trust in BitRabbit (https://www.bitrabbit.com). Please be assured that with the emergence of BitRabbit, the era of better digital asset trading and investment has come.
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