Bitcoins, a decentralized form of currency, are being adapted all around the world. The Bitcoin has made its mark, and governments are taking note. Some are accepting the currency as a form of payment, while others are creating their own. Dubai has recently come out with their own cryptocurrency called EmCash. The point of all this? Cryptocurrency is changing the way we do business and Jordan is no exception!
Farad Energy, a Malaysian company, is revolutionising the future of currency in Jordan. By combining two booming industries, Energy Storage and Internet & Telecommunications, Farad Energy is accomplishing what others have only dreamed of. Dr. Wan M Hasni, CEO of Farad, applied his understanding of the supply and demand for a compact battery with higher energy and power density and created the concept of the super battery, or ultra-capacitor. However to create such a complex energy source, funding is required, thus emerges the concept of the Cryptoken or FRD Token.
The Crypotoken is a cryptocurrency created by Farad Energy. It is the first cryptocurrency of its kind to be backed by tangible economic activity and cash flow. Specifically, the token is backed by the production of ultra-capacitors within actual factory settings. Simply put, every token purchased entitles you to a portion of future ultra-capacitor production from Farad’s factory.
In Jordan, bitcoins are being accepted by some businesses, however after the Central Bank of Jordan warned people against them, the trend died down. Now Farad Energy is bringing Crypotokens to Jordan this November, and the buzz is back!