Topic: One of the largest banks in France issues a token on Ethereum blockchain (Read 227 times)
May 08, 2019, 05:20:42 AM
This is a very good news for all cryptocurrency fans, it seems banks are now adopting blockchain innovation, and is a very good improvement for cryptocurrency and an assurance cryptocurrency future is bright.
May 08, 2019, 04:55:50 AM
Project developers must definitely cash it out in fiat to carry out the project, if the entire project that had carried out their ICO through Ethereum had left their money in the wallet, the value of ethereum would have probably reached ~$2000 by now.
But this was always to be expected from such a coin. Ether had its intrinsic value in being the fuel to power dapps and transactions, and secure different networks but the flood of ICOs raising money in ETH basically spelled the death of Ether,,, at least temporarily. Not a single person can say that $1400 was an appropriate price for ETH, not at the time, Today at least we see a more reasonable estimation, and now, when news like this French bank taking it on become the norm, then we can see a gradual and reasonable increase in value.
May 08, 2019, 03:04:48 AM
https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
I think this is a big deal. We knew that ethereum used for bussiness platform and if societe generales using ethereum network, off course this is a big deal because this company is big banks in french. This could lead ethereum price back to above $500 again
May 08, 2019, 02:21:37 AM
I don't think it is the right time for this but I guess we don't really know what will happen. Like this bank in france having a token on ethereum blockchain. That is amazing and great news to all of us this means that they are starting to adopt cryptocurrency which we all like.
May 08, 2019, 01:16:38 AM
https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
There are dozens of super projects in the Ethereum network. However, most of them go to mainnet at the first opportunity. I don't think these will affect the price of Etheruem.
May 08, 2019, 01:14:06 AM
This is nothing new to make investors start buying ethereum fast because all good projects using erc20 always end up switching to there own block chain sooner or later
May 08, 2019, 01:06:50 AM
https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
I don't think it will affect the Ethereum price. However I believe it will turn some lingering negative sentiment into positive ones. For the long time holders, it is one among many signs that there are more exciting developments to come.
May 08, 2019, 01:02:48 AM
Basically the blockchain technology is invented for the banking and the financial institution for the fast transactions. But, due to the hurdle in the different economy still it is not accepted fully. But, the countries which are appreciating this technology the banking institutions are coming fast to issues the token on the ETH blockchain. I think France has the open to the blockchain technology and so the banking industries are coming fast.
May 08, 2019, 12:56:59 AM
https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
what I can say is that it's a good and welcomed development to be honest. We want to see many adoption including banks and vcs not just ordinary people as that will help boast the market and more awareness as well What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
May 08, 2019, 12:52:13 AM
https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
This is a good sign that banks started to adopt blockchain technology most especially in France. I do hope that other countries will also follow it's step for a much safer, transparent and convenient way of transactions. For me it has influence of course as we all know that price would go up and adoption will also rise. If only majority of countries around the world has to follow this move it can be beneficial to all crypto enthusiasts. What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
May 08, 2019, 12:41:55 AM
Any ethereum smart contract will come to first while try to implement blockchain technology for any domain either bank or any other gradually they move into their mainnet even ethereum is the best coin you can always invest in . Once pos and Casper implementation done there will be huge growth for sure.
May 08, 2019, 12:01:51 AM
https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
It does and it does not, what makes the market value of ethereum grows is when people add money to their ethereum wallet, and since purchasing new token requires that they fund their ethereum wallet which they will transfer to the project developer, at that point they deposit fiat and change to ethereum, it will definitely add up to the value of ethereum.What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
The reason why its effect will later be reduced is because the ethereum was deposited for a purpose, it is just like paying salary with it, ethereum deposit for salary purpose will not stay long in the market, so as ethereum deposited for the development of project will not stay long in the market too.
Project developers must definitely cash it out in fiat to carry out the project, if the entire project that had carried out their ICO through Ethereum had left their money in the wallet, the value of ethereum would have probably reached ~$2000 by now.
May 07, 2019, 06:13:58 PM
https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
there no big deal for this news we should know ethereum since from the start they for every project, I think this moves have an good effect for ethereum using blockchain platform.
May 07, 2019, 06:05:18 PM
This is great news. I hope to see how the whole world accepts cryptocurrency. Although this is a small step, but it is of great importance for cryptocurrency.
May 07, 2019, 10:42:34 AM
https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
I think that some kid will make a smart contract and lock some of those tokens somewhere and there will be a lot of drama. Something that happen several times on ETH asset platform.
May 07, 2019, 06:40:27 AM
Ethereum finally getting some attention, lately it has been binance chain, eos, tron, neo and all the likes of that getting attention of ethereum and that resulted with ethereum not having too much increase lately, ethereum investors like me need these type of news to show that ethereum is not dead and it can still produce a lot of big things like it.
Ethereum is basically all in one package and I can understand people looking for alternatives, bitcoin was an alternative itself to fiat currency so of course nothing should be a monopoly but we do not want to destroy ethereum at the same time neither, we just want some healthy competition. Large bank working with ethereum blockchain and creating a token is probably not that huge since its probably experimenting but it is still a big step forward to crypto space.
Ethereum is basically all in one package and I can understand people looking for alternatives, bitcoin was an alternative itself to fiat currency so of course nothing should be a monopoly but we do not want to destroy ethereum at the same time neither, we just want some healthy competition. Large bank working with ethereum blockchain and creating a token is probably not that huge since its probably experimenting but it is still a big step forward to crypto space.
I agree! Financial institutions such as banks are joining the Ethereum bandwagon and maybe exploring its benefits and testing how its existing platform could integrate with it. There has been recent news of banks worldwide that already uses Ethereum or have plans to adopt it which seems a good news to the entire crypto community.
May 07, 2019, 06:31:10 AM
https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
If Societe Generale Bank really want to using the Ethereum network and issuing a new token for their architecture,
the Ethereum value maybe only rise slightly. I think the more peoples and companies using cryptocurrency, the more value it will have.
So I think this will really be a very big boost to the ethereum network, the magnitude of this bank customer is quite big, and most of them are very rich individuals that have enough money to be a BULL when they decide to join the ethereum network through the bank’s product.
May 07, 2019, 01:24:07 AM
Ethereum finally getting some attention, lately it has been binance chain, eos, tron, neo and all the likes of that getting attention of ethereum and that resulted with ethereum not having too much increase lately, ethereum investors like me need these type of news to show that ethereum is not dead and it can still produce a lot of big things like it.
Ethereum is basically all in one package and I can understand people looking for alternatives, bitcoin was an alternative itself to fiat currency so of course nothing should be a monopoly but we do not want to destroy ethereum at the same time neither, we just want some healthy competition. Large bank working with ethereum blockchain and creating a token is probably not that huge since its probably experimenting but it is still a big step forward to crypto space.
Ethereum is basically all in one package and I can understand people looking for alternatives, bitcoin was an alternative itself to fiat currency so of course nothing should be a monopoly but we do not want to destroy ethereum at the same time neither, we just want some healthy competition. Large bank working with ethereum blockchain and creating a token is probably not that huge since its probably experimenting but it is still a big step forward to crypto space.
May 06, 2019, 06:26:23 AM
https://www.coindesk.com/societe-generales-work-with-public-ethereum-is-a-big-deal
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
What do you think of this? How much does eth benefit when a new token is issued on it's architecture. Does this have any influence on you wanting to buy into eth, or is it not a big deal?
It's a big deal for Ethereum IMO.
Basically nobody's buying coffee or taxi rides in ETH. The killer app for Ethereum has been the sheer amount of projects done on top of it.
Think about it: how many billions of U$ are relying on Ethereum virtual machine right now?
There are immense projects like BAT and POWR who rely on Ethereum blockchain. And ETH delivers!
The more projects use Ethereum, the stronger it becomes. Gas must be bought in ETH, smart contract commands depend on gas and so on. Having big projects in the Ethereum blockchain makes all the difference.
About the French bank issuance: I am skeptical of centralized financial institutions issuing cryptocurrency. It's exactly what we don't want technology-wise.
But marketing-wise it's great, one more financial institution generating buzz about cryptocurrencies is great for the community. It's just not a killer app IMO.
May 06, 2019, 06:06:22 AM
Seems as good progress in adoption. But if this project is released like JPmorgan, I think it will not related to crypto. In other respects, such innovations can encourage people to cryptoworld.
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