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Topic: RCBC One of Six Global Banks Sign Up to Issue Stablecoins on IBM’s (Read 210 times)

full member
Activity: 1316
Merit: 126
This is a mirroring kung ano rin ang ginagawa nag ibang bangko. Siguro mas maganda kung hindi nalang sila gumagawa ng sariling coins at gagamiton nalang nilang platform yung nakasanayan na ng marami. Alam kung may maitutulong ito sa crypto community and hindi kakayaning mag-isa kaya kinakailangan nila yung suporta natin. Besides, tayo naman din ang makikinabang nito once it become successful.
legendary
Activity: 2576
Merit: 1860
There's a lot of bigger news than this and unfortunately it did not cause a bull run.

What I think will cause a bull run is when the whales will start to pump the market and I am seeing it happening soon.
All these good news are very useful but it has their time where it will be recognize and will eventually affect the price.

Ang mga ganitong balita malabong magiging dahilan upang magkaroon ng bull run. Malamang sa Stellar kasi nga plataporma nila ang gagamitin. Pero kung tutuusin kasi medyo hindi naman kagandahan talaga itong balitang ito. Nagpapahiwatig lang naman ito na ang mga bangko ay ayaw talaga papatalo. Oo medyo nakita na nila na ang blockchain na teknolohiya ay maganda subali't nakakahanap pa rin sila ng paraan upang ito ay gamitin para lamang sa kanilang interes. Imbis na tatanggapin nila ang kasalukuyang mga coins na alam at tanggap na ng nakararami, gumawa sila ng sarili nilang coins. Gahaman pa rin tong mga bangkong to.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
There's a lot of bigger news than this and unfortunately it did not cause a bull run.

What I think will cause a bull run is when the whales will start to pump the market and I am seeing it happening soon.
All these good news are very useful but it has their time where it will be recognize and will eventually affect the price.
member
Activity: 616
Merit: 18
📱CARTESI 📱INFRASTRUCTURE FOR DAPPS
Hindi ko talaga gusto itong mga bangko na nag-aadopt sa cryptocurrency at gumagawa ng sariling stablecoin. More like na lagging centralized ang nangyayari kapag ganito, nawawala ang tunay na mission ng cryptocurrency which is decentralization.
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
I think when things become accessible and very easy to get, like fiat and everyone is using it, mapapabilis ang bull run. For now, sa technical analysis ko on the BTC price, I think there will be a strong chance to go down before getting backup. I have read na it's also in the Bitcoin halving that will happen. We will see.
sr. member
Activity: 1377
Merit: 268
Sa tingin ko pagpapayaman lang ng mayayaman yan dahil sila ang gumawa, dagdag pera sakanilang mga bulsa.
Wala akong nakikitang benefit na ibibigay nito sa crypto.
hero member
Activity: 1316
Merit: 514
I dont think this will be a reason for a bull run, They are just issuing their own coin just like what JP Morgan coin did.

Just another centralized coin controlled by the elites.
full member
Activity: 798
Merit: 104



Six international banks have reportedly signed letters of intent to issue their own stablecoins backed by their national fiat currencies on IBM’s now-live blockchain-powered payments network, “World Wire.” The news was jointly announced by IBM and Stellar during a keynote at Money 2020 Asia in Singapore, financial news channel Cheddar reported on March 18.

As previously reported, IBM’s cross-border payment network, Blockchain World Wire (BWW) was launched in collaboration with Stellar (XLM) in September 2018. BWW, which went live today and reportedly has over 44 banks on service, aims to leverage cryptocurrencies to enable near real-time international settlements between banks.



In today’s development, Cheddar reports that six banks have confirmed their intent to issue stablecoins backed by their national fiat currencies on BWW — including Brazil’s Banco Bradesco, South Korea’s Bank Busan and the Philippines’ Rizal Commercial Banking Corporation.

Other as-yet-undisclosed banks will reportedly issue stablecoins backed by the euro and Indonesian rupiah, among others, IBM head of blockchain solutions Jesse Lund revealed.

Ahead of today’s bank-issued stablecoin announcement, IBM had also partnered with Stronghold, a Stellar-based, USD-backed asset, to create the Stellar network’s first stablecoin.

Lund has stated that IBM plans to expand its blockchain-powered settlement network with further assets. He said:

"We let the market drive the expansion and selection of the network incrementally. We are really feeling excited that we are on a roll to build something new and revolutionary that's really going to change the landscape of cross-border payments."
As Cheddar reports, BWW currently supports more than 47 currencies for payments across 72 countries. It disintermediates legacy bank settlement systems by introducing the XLM token as an efficient, immutably-tracked settlement instrument for fiat currencies between institutional parties.

IBM does not issue the settlement asset chosen between parties, as Lund had emphasized in an interview earlier this week:

“Our view for stablecoins is really that they should be more broadly accessible and what World Wire seeks to do is to provide fungibility of digital assets across financial institutions.”

Source:
https://cointelegraph.com/news/six-global-banks-sign-up-to-issue-stablecoins-on-ibms-now-live-blockchain-network/amp

I read an article recently and found this news that Rcbc is one of six global bank to issues stablecoins on IBM.

Satingin nyu mapapa aga kaya ang pagdating ng bullrun?
O eto na ang daan para mapabilis ang pag cash in at pag cash out ng pera natin.
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