WorldBitBank
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The World's first legal cryptocurrency bank 🌐Web: https://en.wbb.io 🌐Facebook: https://www.facebook.com/WorldBitBank/ Ⓜ️edium: hhttps://medium.com/@coinwbb 🌐Twitter: https://twitter.com/WorldBitBank 🌐Youtube: https://www.youtube.com/channel/UC4xgZJtty
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The Bank of Lithuania plans to launch its blockchain platform (LBChain) in the fourth quarter of 2020.
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And also complete commercial purchases with fintechs and service providers that are currently participating in the LBChain project.
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πŸ’  The #Π‘OVID-19 #pandemic caused widespread discussion about the need to reform the financial system that would better meet the needs of society. When developing a program to support the #economy, the Democrats proposed creating a digital version of the dollar and wallet. πŸ’ 

πŸ’  In May, a member of the House of Representatives of the US Congress introduced a bill that would create the outline of a comprehensive blockchain strategy in the #United States. πŸ’ 

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πŸ’ πŸ’ πŸ’  Dollar 2.0. πŸ’ πŸ’ πŸ’ 
You can divide the various types of crypto-dollars into three groups, two of which are interchangeable stablecoins:

#centralized currencies with dollar security;

#decentralized currencies with collateral;

synthetic dollars with collateral in the form of derivative financial instruments.

#Stablecoins are quite common today, so we will not consider.

πŸ’ πŸ’ πŸ’  But synthetic dollars with collateral in the form of derivative financial instruments are an #interesting tool.

Bitcoin for most is the embodiment of several ideals at once. This is sovereign hard #money, a currency with a fixed volume of issue, which has value because it cannot be discounted. Or use it as a speculative tool. Bitcoin can be used as collateral for the #issuance of synthetic dollars, a #financial #instrument outside the sphere of influence of the traditional system, but with the purchasing power of the dollar. That is, in other words, Eurodollars. ▢️
▢️ One of the easiest ways to turn bitcoins into synthetic dollars is through futures, especially perpetual swap contracts offered by a number of #crypto #exchanges that give speculators the opportunity to #trade in a pair of BTC / USD with a margin of BTC. #Cryptocurrency perpetual swaps are structured as non-linear inverse futures contracts, that is, the value of the contract is measured in one currency, USD, while the position is marginated and calculated in another currency, #BTC.
As the name implies, these derivatives have a non-linear payout structure, because the value of collateral is constantly changing, and the value of the position remains constant. In linear contracts, for each% of the #price change, the profit also changes by the same%, but in inverse contracts for BTC the convexity is relative, whether for a long or short position.
Long positions earn less Bitcoin when the price rises, and lose more Bitcoin when the price drops.

Short positions, on the other hand, earn more Bitcoins when the price goes down, and lose less Bitcoins when the price goes up. The value of the dollar remains unchanged. This is how synthetic dollar #positions are created. πŸ’ πŸ’ πŸ’ 

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❇️❇️ Since 2018, #cryptocurrencies have been used to create a synthetic dollar, but for some reason this topic has not been discussed. #Cryptodollars are easy to get and use in #transactions, unlike #fiat systems. There is global demand for dollars, so is the use of cryptocurrencies possible, will make it possible to further strengthen the dollar?
Will #hypercrypodollarization be used in the near #future?
Consider reconciliation options.
1⃣. The scenario is an even greater involvement of #people in cryptocurrencies. But there are also β€œcons”, these are the costs of the #commission and the purchase of alternative #currency (#cost).
2⃣. Profitability and price increase. The yield on stemcoins is higher than US short-term treasury bills.
3⃣. This is a use in money transfers. Especially in those countries where capital flows are controlled. ❇❇️

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✴️✴️✴️ The new alternative #financial #system, created on the basis of cryptocurrencies, is increasingly assimilating into the world of #traditional finance, starting to seize its share from existing systems. However, this assimilation is unlike what everyone had previously imagined. Dreams about how the world will massively abandon fiat money and switch to cryptocurrencies have crashed into the same harsh reality in which the entire world monetary system lives: everyone wants dollars. ✴️✴️✴️

✳️ What does the dollar and the growing use of cryptocurrencies mean for cryptocurrencies?✳️

πŸ’ There is an argument that deflation caused by the dollar will be harmful to cryptocurrencies, because the world perceives it as a high-risk asset. May be so. But perhaps the dollar will lead to the widespread depreciation of other national currencies, and although the dollar belongs to safe haven assets, most likely, in this situation there will be an increased demand for hedging against fiat currencies in general.πŸ’ 

✴️✴️✴️ If there is dollar inflation, it can be expected that cryptocurrencies will be used as an accessible bridge to non-depreciable assets (cryptocurrencies). ✴️✴️✴️

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🌐🌐🌐 Do countries need a national digital currency (CBDC)? 🌐🌐🌐

#CBDC or #national #digital #currency - just ask for the digital form of a fiat currency of the country. Instead of printing paper banknotes and minting coins, the Central Bank will issue electronic tokens.
πŸ’  Deposits that are stored today in the #commercial #banks are already digital and can be moved in electronic form with a large shelf.
πŸ’  The Central Bank begins the study of the use of national digital currencies. #Economists confirm that the digital currencies of the #Central #Bank can improve the functioning of the market.
πŸ’  The Bank of International Accounts (#BIS) stated that they could improve liquidity by increasing the speed of transactions.
πŸ’  The #Bank of England noted that digital money is able to increase #BBP by 3% due to the reduction of operational charges.
πŸ’  In states with a forming market economy, national digital currencies are considered first and foremost as a result of the expansion of the financial situation. This will allow the authorities to include in the digital economy the aim of not having access to the banking services.

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🌐 At a hearing on the #House #Committee on #Financial #Services, #Federal #Reserve Chairman Jerome Powell said.

πŸ‡ΊπŸ‡Έ If #CBDC is something that will be useful for the economy of the #United #States and for the dollar, then we should be the #first there.

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πŸ”ŠπŸ”ŠπŸ”Š Soonβ—οΈβ—οΈβ—οΈπŸ”ŠπŸ”ŠπŸ”Š

Vast new opportunities for buying cryptocurrencies from VISA / MASTERCARD to WBB Exchange βœ…πŸ‘πŸ‘πŸŒπŸŒ

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πŸ’ πŸ’ πŸ’ 
Buy BTC, BAT, ETH
from VISA / MASTERCARD
on WBB Exchange

https://wbbexchange.pro/sign-up

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Dear community! πŸ™

❗️ August 07 our exchange is not working.

We carry out maintenance. πŸ‘¨β€πŸ”§πŸ‘¨β€πŸ”§πŸ‘¨β€πŸ”§

We are getting better for you. 😊😊😊

Stay safe. βœ…βœ…βœ…

See you. 😊😊😊

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Dear Community! πŸ”Š

πŸ’ πŸ’ πŸ’  The 🌐 Cryptobank World Bit Bank 🏦 team is preparing new features on the exchange for you.
Tomorrow you will learn about the new features of WBB Exchange.

We care about you.

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Dear Community! πŸ”Š

The WBB project team is improving the work of the WBBEXCHANGE exchange every day. 😊

We have a new function. βœ…

Now you do not need to worry about your cryptocurrency or fiat being withdrawn from the exchange by other persons. ✳️
We have added the function of confirming withdrawal via emails. ✳️
The conclusion is confirmed only by you. ✳️
The link to withdraw the cryptocurrency comes only to your email address. ✳️

The WBB project team takes care of you and your safety. ✴️

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Dear Community! πŸ”Š

πŸ’ πŸ’ πŸ’ Previously, the WBB team introduced new features to the exchange.

But that is not all.

The 🌐 Cryptobank World Bit Bank team is preparing many more interesting solutions for you.

Stay tuned for new opportunities.

We take care of you.

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Dear community! πŸ™

❗️ To day our exchange is not working.

We carry out maintenance. πŸ‘¨β€πŸ”§πŸ‘¨β€πŸ”§πŸ‘¨β€πŸ”§

We are getting better for you. 😊😊😊

Stay safe. βœ…βœ…βœ…

See you. 😊😊😊

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Dear Community! πŸ”Š

We have news for you.

✳️✳️✳️ Invite a friend - get coins to your wallet. ✳️✳️✳️

The Referral Program is already in your accounts. ✴️

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