Explainer: Is B4U’s RS Coin a fake digital currency? ...palestine

B4U Global Investment is a controversial financial scheme that offers investors unrealistic and guaranteed profits (from 7% to 20% a month). It claims it invests 60% of its funds (the depositor’s money) in cryptocurrencies. It also pitches to potential investors an RS Coin, its own cryptocurrency that B4U itself values at $4 per unit. However, information security expert Rafay Baloch says this currency doesn’t have a functional blockchain, the technology that supports crypto’s operations. Is the RS Coin a fake virtual currency? We asked him what he thought.

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Last updated : 08 April 2021 clock 02:30 PM

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Explainer: Is B4U’s RS Coin a fake digital currency? ...palestine

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