With the Bitcredit Protocol close to launch, #Bitcoin is suddenly of interest for global corporations.
Our Founder, Hubertus Hofkirchner, "the Austrian", has been invited to give a keynote at the @PWC Treasury Conference Zurich.
He will talk about what almost nobody in Corporate Finance dares to ask:
Why is Treasury becoming ever more complex?
Whom is this good for?
Why are banks, supply chains, and corporate treasurers facing ever more FX chaos, compliance burden, systemic fragility, risk-off, and even debanking?
Our thesis:
Over the last 100 years, money has become political, nationalised, monopolised, permissioned, fragile, surveilled, all in the name of propping up a failing, politically captured monetary system.
But new technology gives us a glimpse of a way out of this mess.
https://www.pwc.ch/en/events/treasury-conference-2026.html
Mistaken objections vs. a credit layer on #Bitcoin.
A thread 🧵.
1. The Deflation Argument
2. The Centralisation Argument
3. The Equity vs. Debt Argument
4. The Store of Value Argument
1. The Deflation Argument
Critics of an elastic supply often conflate falling prices driven by technological progress with destructive monetary deflation.
While falling prices due to productivity are indeed a positive sign, true monetary deflation, a scarcity of media of exchange, is catastrophic.
When businesses face a liquidity crisis, trade and industry grind to a halt, and goods rot on the fields and on inventory because there is no media to facilitate their exchange.
Deflation is not an aggregate problem, it is the individual business problem of not finding liquidity when and where it is needed.
2. The Centralisation Argument
The concern that credit money introduces centralisation is mitigated by fundamental design. The Bitcredit Protocol is entirely open-source, permissionless, and peer-to-peer.
Anyone can download the software to issue electronic bills of exchange (e-bills) or spin up a "Wildcat" mint to compete in a free market for liquidity.
Because the system relies on non-custodial e-cash and mathematically verifiable proof of real value, it prevents the state from monopolising or co-opting the credit system.
Therefore, it presents no more centralisation risk than Bitcoin’s own network of nodes, miners, and institutional holders.
3. The Equity vs. Debt Argument
The idea that the economy can run smoothly on equity alone ignores the fundamental mechanics of global trade.
There is always a time gap between planting crops or manufacturing goods and selling them to the final consumer.
Bills of exchange represent debt tied to actual "proof of work" in the real economy, goods already produced that serve as backing for self-liquidating credit.
Bills are therefore indispensable for providing the working capital that businesses need to survive and scale.
4. The Store of Value Argument
If Bitcoin remains merely a store of value or a "pristine collateral" for fiat loans, it fails to achieve its true potential.
Without a credit money layer, businesses cannot run their daily operations on Bitcoin, and the global economy remains trapped in the fiat system.
This forces society to continue suffering from fiat's inherent flaws: inflation, boom-and-bust cycles, misallocation of capital, and the looming dystopian threat of Central Bank Digital Currencies (CBDCs).
Bitcoin must evolve into a functional currency to sever the world's reliance on fiat on-ramps and off-ramps.
The Case for A Bitcoin Currency Layer
A fixed base money (like physical gold or base-layer Bitcoin) is essential for monetary stability, but it must be paired with an elastic currency supply to grease the wheels of commerce.
Without an instrument like Bitcredit to bridge the gap between Bitcoin's rigid base layer and the real world's fluctuating demand for liquidity, Bitcoin adoption by businesses is impossible.
Therefore, decentralised, supply chain-backed credit money is not a compromise of Bitcoin's principles, but an economic necessity for it to succeed globally as a medium of exchange.
Bitcredit Protocol W17 progress:
- Open sourced majority of projects Github repositories in preparation for beta
- Production cluster setup for high availability beta
- Internal iOS TestFlight finally secured, AppStore / PlayStore releases now feasible
- Dynamic QR codes for large eCash tokens
- Efficient mint risk rating module spec progressing
#Bitcoin #TradeFinance #FinTech
WANTED!
BITCOIN BUSINESSES 💪
Bitcredit Protocol is currently in Alpha on TestNet3, trialling with supply chain companies in coffee, cacao, wine, meat and timber.
We are looking for 10 or 20 more SMEs with a bitcoiner owner, CEO, or CFO. Onboard and trial your use case on circular Bitcoin.
Beta starts on mainnet in May.
Next chance to at MADbitcoin in Madrid. Meet us there.
Supply chain companies should switch to #Bitcoin rails to escape the increasing pains and challenges of the legacy financial system.
Three weeks until Hubertus takes the Metrópolis Stage at MadBitcoin Summit.
His topic: "How to get to Bitcoin Monetisation Through Trade Credit on Bitcoin Rails."
Hubertus will discuss how trade credit, structured on Bitcoin rails, puts BTC to work in the real economy without custodial risk or fiat intermediaries.
If you're building a treasury strategy, sitting on a corporate balance sheet, or running a business that needs working capital without the usual banking bottlenecks, come along.
📍 Madrid, Círculo de Bellas Artes
📅 9–12 May 2026
🎫 madbitcoinsummit.com
Come say hello at the Bitcredit booth.
#Bitcoin #TradeFinance #MadBitcoin2026 #Bitcredit
Democratic Republic of Congo. 🇨🇩
Risk Warning for Exporters and Importers!
The central bank plans to ban cash USD and foreign currency transactions starting April 2027 and force businessmen into the inflationary franc.
They claim this will strengthen the Congolese Franc, which is quack economics.
Inflation is always and anytime caused by government, their central bank can print and debase the franc at will. The ban will not strengthen the franc, just those in power.
It will harm Congolese businesses and people through accelerated inflation and eroded purchasing power.
Smart traders can now exit the fiat trap.
Try Bitcoin-native trade and credit:
Electronic bills of exchange on Bitcoin rails.
Built by the Bitcredit Protocol:
Free, open source, censorship resistant.
Bitcoin is not 'foreign' currency. It is the people's currency. No nation state can control it, they cannot block it. Adopt it to get to prosperity.
No more fiat. No surveillance. No coercion.
Free trade.
Week 16 @ Bitcredit
• Implemented swap fees against DoS attacks
• Load testing Nostr, preparing infra for mainnet stress
• Large-scale testing sprint - full coverage
• Guatemalan currency Quetzals (GTQ) added
• Mint onboarding flow for fast, minimal-friction
• Prep for Madrid Bitcoin conference attendance @MadBitcoin
Week 15 @ Bitcredit
• New “Request-to-pay” flow nearing completion
• Commitment method activated across all flows (mint, swap, melt)
• Wallet upgrades: added fiat FX rates.
• Testing across devices + automated offline scenarios
• Preparing for Mainnet version
Bitcredit Protocol versus:
Lightning:
- Lightning = payment scaling
- Bitcredit = liquidity scaling
DeFi:
- DeFi = overcollateralised crypto lending
- Bitcredit = credit money backed by real goods
Stablecoins:
- Stablecoin = centralised fiat-backed IOU
- Bitcredit = P2P self-liquidating IOU
Week 12/26 @Bitcredit
• Unique payment addresses per transaction/stage
• Offline-first live, auto retry + sync
• CDK removal nearing completion
• eCash progress:
Spanish, Multicurrency, PIN + biometrics, deep links
The fiat money system is cracking at its seams. The latest Middle East conflict worsens its so-called "Trade Finance Gap" which already amounted to $2.5T before the war.
This speeds up the urgent need for Bitcoin in World Trade, geopolitically neutral, resilient, non-bureaucratic Trade Finance on unstoppable#Bitcoin rails.
Overregulated fiat banks may still support big traders but smaller and middle sized ones will fall by the wayside.
“If you’re a bank in this environment, you’re going to focus on those large established traders, and the intermediate and smaller traders could be iced out of the trade finance market,” says Sumeet Malhotra, Head of the Commodities and International Trade practice at Singapore law firm WFW.
Full article:
Global Trade Review (GTR)
Hormuz crisis could drive ‘flight to quality’ in commodity finance market
Commodity price volatility caused by the Strait of Hormuz crisis could have widespread effects for traders and their banks, further concentrating f...
“In particular, it is necessary to take account of certain forms of credit not connected with banks which help, as is commonly said, to economize money, or to do the work for which, if they did not exist, money in the narrower sense of the word would be required.
The criterion by which we may distinguish these circulating credits from other forms of credit which do not act as substitutes for money is that they give to somebody the means of purchasing goods without at the same time diminishing the money-spending power of somebody else.
This is most obviously the case when the creditor receives a bill of exchange.”
Prices and Production
F.A. Hayek
Global trade all over Africa has a big challenge in availability of trade finance for businesses under $5M.
Bureaucracy of financial intermediaries, refi cost for central bank monopoly money and legal fees is just too much for African SMEs.
Trade Finance on #Bitcoin fixes this!
Bitcredit Protocol concluded a successful two day conference appearance in Cape Town. We onboarded 35 commodity traders, import/export companies, and real goods producers to Bitcoin.
Bitcredit Protocol orange-pilled 25 companies in Cape Town, South Africa today.
Week 10 @ Bitcredit
• eBill v0.5.3 released with Wildcat compatibility fixes
• New eBill API simplifies front-end logic and bill state
• First true offline bill issuance implemented
• Mint commitment scheme for non-custodial e-cash
• Wallet upgrades: NFC + biometrics live
Political self-sovereignty is one of the key design considerations for Bitcredit Protocol, #Bitcoin's upcoming currency layer.
Bitcoin will be a true stablecoin, if we manage to keep governments and politicians strictly out of it.
Why?
A stable currency needs a pristine base money which governments cannot capture and spoil. That's Bitcoin.
It also needs an institutional layer issuing redeemable currency, equally incorruptible by politicians.
The best policies and practices will arise in free competition amongst issuers.
We must end governments messing with money production.
Week 9/26 progress @ Bitcredit Protocol
• eBill v0.5.11 alpha Wallet v0.8.1 alpha released (Testnet)
• Nostr Relay logs + auto-reconnect
• Company statechain validation formalized
• CDK removal underway → independent version
• Betas now detect malicious alpha behaviour
• Biometrics active in wallet
• Automated Android + iOS build workflows completed
