🔴Bank of France Divulges Program on CBDC
🔻The Bank of France is building up a program to investigate the power of Central Bank Digital Currencies (CBDC). The aforementioned bank currently is summoning applications to be submitted.
French central bank will select 10 CBDC applications with “innovative nature” and start testing the program by the end of first quarter of 2020. Applications are supposed to be submitted by European Union-based applicants.
CBDC has three objectives: modeling CBDC interbank settlement, identifying benefits and analyzing potential risks. This pioneering occurrence may facilitate financial sectors.
#CBDC
#Bank_of_France
#counos_news
🔻The Bank of France is building up a program to investigate the power of Central Bank Digital Currencies (CBDC). The aforementioned bank currently is summoning applications to be submitted.
French central bank will select 10 CBDC applications with “innovative nature” and start testing the program by the end of first quarter of 2020. Applications are supposed to be submitted by European Union-based applicants.
CBDC has three objectives: modeling CBDC interbank settlement, identifying benefits and analyzing potential risks. This pioneering occurrence may facilitate financial sectors.
#CBDC
#Bank_of_France
#counos_news
✅Visa Patent Filing Would Allow Banks to Mint Digital Fiat Currencies Using Blockchain
⛓The payments giant, Visa, has filed a patent application for a process for turning physical fiat currency into a newly digitized version. The filing, which was filed with the U.S. Patent and Trademark Office in November says the system would be able to mint digital fiat currency and keep a tally of all issuances on the blockchain. Newly created digital fiat would be the exact equivalent with physical cash.
#visa
#technology
#blockchain
#digitalcurrency
#blockchainnews
#bank
⛓The payments giant, Visa, has filed a patent application for a process for turning physical fiat currency into a newly digitized version. The filing, which was filed with the U.S. Patent and Trademark Office in November says the system would be able to mint digital fiat currency and keep a tally of all issuances on the blockchain. Newly created digital fiat would be the exact equivalent with physical cash.
#visa
#technology
#blockchain
#digitalcurrency
#blockchainnews
#bank
🔴China’s WeBank Announced Partnership with Singaporean Government-Backed OpenNodes as the First Move to Take its Blockchain Global
🔻China’s top digital bank WeBank has announced partnership with Singaporean government-backed OpenNodes. This partnership will allow China’s FISCO BCOS blockchain platform to be brought to Singaporean academics for innovation and new initiatives.
China’s Blockchain Services Network (BSN), connects nodes in 128 cities in the country. The network also includes 7 areas outside of China including Paris, Sydney, San Paulo, Singapore, Tokyo, Johannesburg, and California.
#china
#OpenNodes
#blockchain
#Singapore
#bank
#digitalbank
🔻China’s top digital bank WeBank has announced partnership with Singaporean government-backed OpenNodes. This partnership will allow China’s FISCO BCOS blockchain platform to be brought to Singaporean academics for innovation and new initiatives.
China’s Blockchain Services Network (BSN), connects nodes in 128 cities in the country. The network also includes 7 areas outside of China including Paris, Sydney, San Paulo, Singapore, Tokyo, Johannesburg, and California.
#china
#OpenNodes
#blockchain
#Singapore
#bank
#digitalbank
Top Spanish Banks Finalize Trial of Payments Using Smart Contracts
Five major Spanish banking institutions have completed a proof-of-concept for payments using smart contracts. Using smart contracts automates the execution and settlement of payments once certain pre-conditions are met.
The average processing time per completed payment was reportedly 2.5 seconds.
Counos is a cryptocurrency ecosystem that combines the facilities of a decentralized exchange and wallet service with a variety of investment assets. With counos digital escrow solutions, funds for sales are held by a third party until both sides fulfill their obligations. Counos U is a bankable stablecoin that is 100% backed with USD, having a fixed value of $100
#blockchain
#proof_of_concept
#bank
#smartcontract
Five major Spanish banking institutions have completed a proof-of-concept for payments using smart contracts. Using smart contracts automates the execution and settlement of payments once certain pre-conditions are met.
The average processing time per completed payment was reportedly 2.5 seconds.
Counos is a cryptocurrency ecosystem that combines the facilities of a decentralized exchange and wallet service with a variety of investment assets. With counos digital escrow solutions, funds for sales are held by a third party until both sides fulfill their obligations. Counos U is a bankable stablecoin that is 100% backed with USD, having a fixed value of $100
#blockchain
#proof_of_concept
#bank
#smartcontract
CCXX will be listed on LBank at 18:00 on July 28, 2020 (UTC+8), the details are as follows:
Trading Pair: CCXX/USDT
Deposit Enable: 18:00 on July 27, 2020 (UTC+8)
Trading Open: 18:00 on July 28, 2020 (UTC+8)
Withdrawal Enable: 18:00 on July 31, 2020 (UTC+8)
About CCXX
Launched on 1 June 2019 by a team based in Switzerland, Counos X was designed to facilitate payments and clearing purchase invoices, especially for easy exchange with fiat money. While its price is determined in the market, attempts will be made to prevent its value from fluctuating too much.
The proof of stake algorithm allows CCXX holders to increase their fund balance, as they receive a yearly interest of 5%. CCXX is the first crypto coin that can be directly purchased from any local bank.
#counos
#counosx
#counosplatform
#counosdex
#bank
#lbank
#proofofstake
#counosdecentralizedexchange
Trading Pair: CCXX/USDT
Deposit Enable: 18:00 on July 27, 2020 (UTC+8)
Trading Open: 18:00 on July 28, 2020 (UTC+8)
Withdrawal Enable: 18:00 on July 31, 2020 (UTC+8)
About CCXX
Launched on 1 June 2019 by a team based in Switzerland, Counos X was designed to facilitate payments and clearing purchase invoices, especially for easy exchange with fiat money. While its price is determined in the market, attempts will be made to prevent its value from fluctuating too much.
The proof of stake algorithm allows CCXX holders to increase their fund balance, as they receive a yearly interest of 5%. CCXX is the first crypto coin that can be directly purchased from any local bank.
#counos
#counosx
#counosplatform
#counosdex
#bank
#lbank
#proofofstake
#counosdecentralizedexchange
Dubai Debuts Blockchain-Based KYC Platform
The United Arab Emirates is debuting a blockchain-based Know Your Customer, or KYC, platform. Dubai’s Department of Economic Development and state-run bank Emirates NBD are rolling out their so-called UAE KYC Blockchain Platform.
This blockchain platform is designed to unlock digital customer onboarding, instant bank account functions, and verified KYC data sharing between licensing authorities and financial institutions.
The UAE has shown a great interest towards the blockchain and crypto industries during the past years.
#dubai
#bank
#technology
#knowyourcustomer
#unitedarabemirates
The United Arab Emirates is debuting a blockchain-based Know Your Customer, or KYC, platform. Dubai’s Department of Economic Development and state-run bank Emirates NBD are rolling out their so-called UAE KYC Blockchain Platform.
This blockchain platform is designed to unlock digital customer onboarding, instant bank account functions, and verified KYC data sharing between licensing authorities and financial institutions.
The UAE has shown a great interest towards the blockchain and crypto industries during the past years.
#dubai
#bank
#technology
#knowyourcustomer
#unitedarabemirates