In this invention, each token is worth at least one US dollar of Bitcoin value under the terms of the USDollarBitco.in IP license, making each token a virtual US dollar. Users must hold as much of this token on a one-to-one basis as their Bitcoin holdings value. This ties their Bitcoin value to this token through the USDollarBitco.in IP licensing terms and conditions. This creates a peer-to-peer electronic cash token for transacting while preserving Bitcoin as a store of value.