digital currency banking competitiion

WireX, the fourth phase project of okexjdigital currency banking competitiionumpstart, announced that it has obtained investment from block chain funds such as NGC, genesis capital, distributed capital and linkvc. The specific investment amount has not been disclosed yet. Previously, it has obtained an investment of 3 million euro in SBI. According to the data of, WireX is an encrypted asset payment product. It claims that the service comes from more than 130 countries and has more than 2 million users. It has obtained the EU electronic payment license. It provides one-stop service of digital Bank + Visa debit card + French currency exchange. At present, it can support the exchange service of 9 kinds of encrypted assets and 26 kinds of French currency,

A decentralized, non universal global payment cryptocurrency, while most countries believe that bitcoin is a virtual commodity, not a currency. The concept of bitcoin was born in a paper signed by Nakamoto Nakamoto in 2008. On January 3, 2009, based on the peer-to-peer network without borders, it was invented with consensus initiative open-source software. The number of bitcoin agreements is capped at 21 million to avoid inflation. Using bitcoin is to use the private key as a digital signature, allowing individuals to pay directly to others without going through third-party institutions such as banks, clearing centers, securities dealers, etc., thus avoiding the problems of high fees, cumbersome procedures and regulatory issues. Any user who has a digital device that can connect to the Internet can use it. Bitcoin btcbitcoin to see more lightning networks are developing rapidly; Ethereum Ethereum's open distributed blockchain application platform provides decentralized virtual machines to handle point-to-point contracts through its exclusive cryptocurrency ether ether. Allow anyone to build and use decentralized applications running through blockchain technology without any fraud, censorship, or third-party supervision. The concept of Ethereum was first proposed by vitalik buterin, vitalik buterin, inspired by bitcoin from 2013 to 2014 to jointly build a more global, freer and more reliable internet. Ethereum Ethereum Ethereum Ethereum Ethereum Ethereum cerc20erc721erc Ethereum has been delayed, but it is also in the process of continuous promotion; privacy and data protection have received more attention, and relevant protocols have attracted market attention; the alliance chain technology has been continuously developed and implemented, and the use scenarios are becoming more and more clear. Bitcoin performs well in 2019 and is one of the best performing assets in the asset class in the world, with an annualized return of more than 80%, and more countries and regions have confirmed its legal status. For Ethereum, 2020 is expected to be the year of the outbreak of defi, and the number of people receiving it will gradually expand, and more related projects will appear.

According to Zawya, an authoritative media in the Middle Edigital currency banking competitiionast and Reuters, khurram shroff, chairman of IBC group, headquartered in UAE, announced that the company will provide decentralized virtual machines and handle point-to-point contracts through its dedicated cryptocurrency, ether ether, in the upcoming distributed blockchain application platform of Ethereum.

By the end of 2022, the G20, together with the IMF, the world bank and BIS, will complete the framework for the supervision of stable currencies and the research on the design, technology and experiment of the central bank's digital currency. By 2025, the IMF and the world bank will have the technical capacity to facilitate CBDC transactions between countries.

The interest of reserve assets will be used to pay the system costs, ensure low transaction costs, distribute dividends to investors at the initial stage of ecosystem startup, and provide support for further growth and popularizationdigital currency banking competitiion. The interest distribution will be set in advance and will be supervised by Libra Association, while Libra users will not receive returns from reserve assets.