Non-custodial cryptocurrency exchange aggregator CoinSwitch, announced today it has listed RBTC, the 1:1 bitcoin peg from RSK, the first general-purpose smart contract platform secured by the Bitcoin network.
1 RBTC is equivalent to 1 BTC. It’s used as gas to pay for smart contract execution in the same way as ETH is used as gas for Ethereum.
Examples of smart contracts include:
Micro-lending, Distributed voting systems, Machine to machine payments, Decentralized exchanges, Asset tokenization, Supply chain tracking, Loyalty and rewards, Micro-insurance, Crowdfunding, Property registry, Escrow services, Transparent public tenders, Remittances.
“Through this partnership, CoinSwitch will enable moving BTC to RBTC fast, easy and at a very low cost. All CoinSwitch users and API clients will be able to switch BTC to RBTC and vice versa in the most efficient way.”
– The CoinSwitch Team