PRESS RELEASE. Megaupload creator Kim Dotcom announced this month that it is using Bitcoin Cash for its latest innovation, K.IM, a suite of tools that allow anyone around the world to manage, protect and sell digital content at ultra-low cost and without middlemen.
Dotcom, whose website Megaupload was once the 13th most popular site on the Internet and responsible for 4% of all Internet traffic, said K.IM “converts digital files into file stores. Users can use our service to package a file they want to sell in an encrypted container file and then post it anywhere on the Internet. Customers who want to access the content in the encrypted container can make a payment with cryptocurrency such as Bitcoin Cash. “
Asked why he was excited about K.IM and Bitcoin Cash in particular, Dotcom said that while Bitcoin (BTC) is a great asset storage tool, Bitcoin Cash is “great for payments” for services such as KIM and offers new financial opportunities for consumers, sellers and investors. Kim had this to say about the crypto market:
“My opinion is that the use of cryptocurrencies is increasing and BCH is in a good position to increase market share. For me it’s simple: the more users you have, the more value you have. ”
“The winners in the crypto race are determined by sellers and users. Focus on the fundamental question: what do suppliers and users want? Low costs, fast transactions, high security and ease of use. ”
He went on to say that Bitcoin Cash is currently “undervalued” and that the “upside potential for those who use the BTC train ”is huge. Bitcoin.com Dotcom founder and friend Roger Ver said Dotcom “has always been ahead of the rest of the market and people should pay attention to its predictions.” He went on to say:
“If you look at interest in BTC Today, a lot is coming in from within in an effort to chase its historic investment gains. As long as the price continues to rise, there will be a lot of interest. But what happens when people actually want to start using it to pay for things? They will discover the limitations of Bitcoin and look for an asset that can be both an investment and a true peer-to-peer payment system as Bitcoin was originally intended. That’s what Bitcoin Cash is.
Speaking further about Bitcoin Cash, Ver said the following:
It has all the great features that helped BTC become a store of value, but it is not artificially rate-restricted. Entrepreneurs like Kim Dotcom can actually use it to build their business without relying on central parties for payment tiers. Unsurprisingly, he would be so optimistic about Bitcoin Cash. ”
Ver said that K.IM is one of the most exciting products he has seen in years and has the potential to allow millions of people to use cryptocurrencies such as Bitcoin Cash, which can handle the sheer volume that Dotcom’s companies have created in the past.
K.IM is currently in development with updates coming soon. The platform is expected to be launched in the fourth quarter of 2021. Visit the K.IM website today for more information.
By offering advanced services and technologies to manage, protect and sell digital content, K.IM will revolutionize the monetization of digital content and create a fair market for content creators and consumers.
KIM is the source of this content. This press release is for informational purposes only.
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