Frequently asked questions

It is a time-proven, private payment instrument, now available in digital format called 'ebill'.

A bill of exchange is an unconditional order by one party (drawer) directing another party (drawee) to pay a sum of money to a third party (payee) at a future date.

A bill of exchange is a very secure instrument with very fast legal recourse in case of payer default.

A United Nations Convention regulates them, world-wide, so almost certainly..

A holder can either wait for maturity, or get liquidity: (1)  endorse it (2) sell it, or (3) mint it.

At maturity, the holder must request payment, and the payer must send the amount within two working days.

With his signature, a holder can pass on a bill of exchange to a new holder.

Yes, a holder can endorse the bill against verifiable receipt of money, usually at a discount.

A holder can request a Bitcredit mint to 'split' a bill of exchange into fungible and divisible 'minibills'.

Only 'real' ebills issued against delivery of goods or services can be minted according to consensus rules.

The relevant mints must be able to verify if goods or services were delivered.

Mints will quote a small fee for their service. Your selected mint will retain the equivalent ecash.

Eligible real ebills must mature in 12 months or less. 

Bitcredit Mints split and distribute the incoming Bitcoin automatically to ecash holders.

Bitcredit ecash are tokens representing these minibills, without a need to send funds. 

With ecash, you can pay anybody: world-wide, instantly, and without fees.

You just need a Bitcredit Wallet. You can set one up in any browser in less than a minute. No paperwork. 

Anybody can receive ecash on their cellphone. It will automatically create a wallet for new users.

Yes, any POS terminal provider can add Bitcredit functionality easily. It is free open software.

Nobody. Bitcredit is censorship resistent and unstoppable.

It is an open source software for ebill managment, free to own and use.

The app is mostly intended for businesses and business use.

You have all your credit matters at your fingertips, with perfect overview and reminders. 

Ebills are now digital and available in any currency, running on unstoppable Bitcoin rails.

There is no server. Bitcredit is a peer to peer network running on users' devices only. 

With Core you can access easy liquidity, credit scores, credit insurance, and FX hedging.

Bitcredit Core is free.

Just click here and contact us to get early access and become a Beta User.

It is an open source software for ecash managment, free to own and use.

The wallet is for everybody, businesses and people alike.

You pay and get paid, locally and remotely, worldwide, instantly and without fees.

It needs no bank, no credit card, no bureaucracy. Just you and your money.

Just click here and contact us to get early access and become a Beta User.

Use your cellphone like a contactless tap card with NFC or QR code.

Bitcredit Wallet and transactions are free of charge.

Bitcredit Mints split ebills technically into fungible, divisible 'minibills' called ecash.

Any person or company can download the Mint software and run a mint node. 

All Bitcredit Mints together form the Bitcredit Network for 100% uptime and reliability.

Upload your business information. In "Settings", request "Mint connection", and select an offer.

The app shows a rating which depends on its guarantee capital in relation to issued ecash.

Consider the proposed minting fee and the offered volume/maturity limits.

The decentralised open source community develops Bitcredit Protocol, similar to Bitcoin, Firefox, or Linux.

Bitcredit is writen in the Rust programming language, it uses Bitcoin, Nostr, and Cashu technologies.

There are no servers, Bitcredit is a peer-to-peer network which runs on end users' own devices

There is no data center. Users' devices store all data, encrypted and distributed.

Yes, it available under the MIT license. Anybody can freely run and use Bitcredit Core.

There is no need for a download, simply launch it on any device by clicking a link. At the moment click here and contact us to get early access.

Bitcredit Protocol is a layer on top of the Bitcoin network.

Nostr is a software protocol used for decentralized and encrypted communication.

Cashu is a software protocol for electronic cash, extended by Bitcredit for minibills.

When a payer fails to pay on time at maturity, the ebill is considered dishonoured.

The final holder can seek recourse against any prior holder of the ebill, all the way back to its issuer.

The app integrates a marketplace with a selection of credit insurance options.

The mint can seek recourse just like any holder.

Ecash is not affected. Bitcredit Mints hold verifiable backing for their ecash issuance at all times.

No. An intermint exchange mechanism protects all users of ecash, regardless of their mint.

No. The other mints supervise and can punish an offending mint by repossessing its assets.

Mints hold verifiable assets on Bitcoin mainchain which prove their ability to absorb losses.