Cryptocurrency vs Virtual Currency and rNetwork
Forward-thinking companies like rNetwork recognize the interest in, and potential of cryptocurrency in a wide variety of applications. It is important to note that rNetwork is not a cryptocurrency company. Although rNetwork has its own “Virtual Currency” called rMoney there are some significant differences both is use-case and in perception and it is important to understand the differences.
rMoney is being developed as a multi-purpose currency within the Kala rNetwork Participation Marketplace® and will have some very exciting outside worldwide uses in the near future.
rNetwork’s entire system is underpinned with an intelligent banking and payment infrastructure. This system manages incoming and outgoing payments on a global scale (intelligently splitting payments based on rules). It provides the sub-ledger and tracking system which enables the interface with the banking partner(s) and tracks bank balances and swipes, which allows for revenue payouts associated with our more complex financial products. It has the added benefit of running all financial operations of the business, including accounts receivable and payables, as well as bookkeeping.
rNetwork’s Position
There have been numerous mentions of rNetwork in the online media creating ties to specific cryptocurrencies and mining companies. rNetwork is not associated with, does not have business ties with, nor does it endorse the Kala cryptocurrency, Nui, Mintage Mining, Digital Vault or any other company associated those companies. rNetwork is an independent company and any ties between rNetwork, it’s founders, or leadership has been long severed or dissolved.