Published By : 04 Jun 2018 | Published By : QYRESEARCH
Bitcoin and other cryptocurrencies are virtual ones that either can be mined online by astute software geeks or bought from exchanges. Governments of nations so far have eyed them with caution given their volatility and have even banned their usage because of their usage by the underworld mafias.
Notwithstanding such challenges, the promoter of initial coin offering (ICO) John McAfee, who is also an ace cybersecurity personal, has just announced the release of a physical cryptocurrency. He has named it as McAfee Redemption Unit (MRU).
It was first announced on Twitter. McAfee later confirmed it by stating it in an interview with Crypto-News in India.
Notes Available in Seven Denominations
The latest physical cryptocurrency is said to different from the one launched last year and which saw limited market demand. The new type come in seven denominations. Those range from 1 to 500 MRUs. Among them, four contain pictures of McAfee in various stages of undress. And in one he is even surrounded by women. The other three notes contain pictures of owner of Bitcoin.com Roger Ver, cryptocurrency entrepreneur Brock Pierce, and founder of Bitmain Jihan Wu.
The MRU cost US$9.95 each and can be had after a face-to-face meeting for just about a minute with McAfee. As per McAfee, around 341,000 MRU notes of different denominations have been printed already. The total circulation would be 6,050,000 MRU. This would result in a market cap of about US$60.2 million.