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Davies was created as a fork of Litecoin. It was have decided to do a fork of Litecoin since it is a very versatile currency having as its main features a high speed of transaction combined with high safety.

The function of Davies is to create a company and people network who work with Davies endowing the currency with real applications, not just merely speculative, to extend the currency around the world, and what better way to support it than with the creation of the first company that will use and promote Davies, Daviescoin IT OÜ.

The company Daviescoin IT OÜ has several objectives, one of them is to show to new entrepreneurs that companies using this cryptocurrency as a base can be constructed. Daviescoin IT OÜ will filter out different projects in any area and if it considers that they are innovative and high potential projects, Daviescoin IT OÜ will finance them.

Another objective of this year and part of the next will be to launch an App for Android and IOS that will have the wallet function for Davies and two extras features, DaviesLoan and DaviesPay. Many of you will be wondering that what DaviesLoan and DaviesPay are, so let's make a brief introduction and then you can see many more details.

DaviesPay will be a payment module that will allow its users to buy coins by credit card and sell them receiving the amount in the user's bank account from the app. This module will be available on Davies website and a public API will also be enabled so that others can integrate it into their apps or other websites.

The goal of Davies is to decentralize the banking sector by converting each of the world’s person into their own bank, being able to transfer money in Davies format, create loans and buy and sell Davies for other currencies according to the needs of each user.