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How cryptocurrencies be used by countries for development?

  • sarahxia618
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sarahxia618 created the topic: How cryptocurrencies be used by countries for development?

1.Bank of Japan to Build a Mobile Payment Service with Blockchain MoneyTap
Ripple ( xrp ), a new US entrepreneur who builds Ripple's payment agreement and switching network, announced in early March that it will form a Japanese banking alliance with 61 bankers to jointly launch the MoneyTap mobile payment service that supports smart phones, providing year-round trading functions with blockchain technology. This year, three banks, SBI Net Sumishin Bank, Suruga Bank, and Resona Bank, will launch the MoneyTap mobile program, and other members will join in the process.

2.New York State requires crypto currency platform operators to disclose more operating information
Eric Schneiderman, Attorney General of New York State, launched the crypto Market Initiative on April 17th, requesting that 13 crypto currency trading platforms such as Coinbase and Binance ( bnb coin ) disclose their basic policies and operational information to protect crypto currency investors. Schneiderman said that consumers are often unable to assess the fairness, integrity and security of crypto currency trading platforms. With the rise of crypto currencies, consumers should have the right to understand these platforms when investing. This initiative is to promote the transparency of the platform.

3. Singapore cloud PoS vendors also issue crypto tokens to help merchants increase customer loyalty
EZPOS, a provider of cloud-based cash register systems (POS) in Singapore, released its own cryptocurrency EZToken (EZT) in early January, claiming that it can be used to improve customer loyalty, and it also plans to promote EZToken to the global market.

As for EZPOS, it intends to use EZToken to help merchants establish customer loyalty. EZPOS will distribute loyalty points to merchants. Merchants then distribute them to customers to provide discounts or other discounts. Consumers can use EZToken to make payments and they will also be more likely to attach. On the EZToken payment network.

In addition to the three crypto currency platforms mentioned above, there are countless other crypto currency platforms that are being used by countries or major companies for development, such as ArbitrageCT ( arct ), Elementrem ( ele ), etc. It can be seen that the development of digital crypto currency and blockchain is really fast, and it is getting more and more recognized by everyone. However, whether it can develop healthily and whether it also pays attention to investor education and benefit sharing remains to be seen. In particular, the digital crypto currency market in 2018 is still worrying.

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cryptoking18 replied the topic: How cryptocurrencies be used by countries for development?

Excellent explaination but sill many countries did not allow people to use it legally I think they should think about it too. If its legal it will definitely help economy to grow

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