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Taken from Globcoin Medium
<<We are entering Q4–2018 with very exciting news: The GLX is alive and kicking! Globcoin’s first stable payment token has been successfully deployed on the Ethereum Blockchain and after several internal tests, we can say that the infrastructure is finally set.
The GLX value is linked to 85% of the world economy, through a currency basket of the 15 largest national currencies and Gold.
The GLOBCOIN dev team has reported that they’re working on the listing conditions for Exchanges, as well as implementing KYC & whitelisting for the GLX users. Regarding the Globcoin crypto platform, the team is setting up the bank transfers and crypto-to-GLX purchases as well as GLX & ETH contract wallets.
We already have a strong support from many partners in the industry, including Exchanges and protocols. We will soon announce our first partnership with a worldwide organization that will use GLX as their global means of payment. By linking the GLX to our proven basket of currencies, we have created a coin that is not only stable against most currencies, but is a true store of value and a perfect means of payment — Helie d’Hautefort, Globcoin CEO
This news is very significant and exciting for the team, as we will see the GLX fulfilling its intended original purpose: a stable, reliable, payment token.
Globcoin is achieving its stated milestones, while being aware of the current market flux and carefully treading its path, offering the best value to GCP utility token holders and the best breadth needed by the market in GLX. We are serving our community by a thoroughly plotted escalation policy for our Stablecoin suite — Linda Leaney, Globcoin CFO
With a team of industry experts in several fields with strong professional credentials (and many of them having years of experience in the “traditional” currency management space), Globcoin is offering the world a currency that is safe, secure and trustable, taking stablecoins to the next level.
The next weeks will be full with positive announcements for everyone. This has been a great journey so far, but the best is yet to come>>
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« FIN/SUM promises to be an excellent week of fintech focussed events in Tokyo. We will be showcasing the best UK companies and UK investment opportunities » said Darren Goff, head of Investment at the Department for International Trade (DIT) Japan. The FIN/SUM is a fintech summit and conference that connects global finance and tech industries while promoting disruptive innovation. It has become the largest and most influential fintech summit in Japan and one of the largest in the World. Find the full program for the event here: www.insum.jp |
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Just read the news that BTC transactions slightly surpassed PayPal.
(Even though the numbers are weird and the actual "purchasing" done with BTC is a few pizzas)
But I was wondering how do you think it would be the ideal crypto payment system/network of the future?
What are the most obvious flaws that would need to be corrected?
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"What is the difference between our existing system and that of the stable coin? Not much, it has just one distinguishing feature. Stable coins are blockchain children, and as such, they are tradable with other cryptocurrencies. So far there have been few methods forjoining the cryptomarket with fiat currency. Not many exchanges have allowed for the trading in or cashing out fiat-crypto or crypto-fiat. People have had to move their holdings around to facilitate being able to spend their money. If cryptocurrency is meant to be the future, there has to be something that will help make the transition. Stable coins allow people to maintain their position in the cryptocurrency market without them having to ride the stormy seas of volatility. However, they enable easy access to “buying the dip” without having a long process of depositing fiat,buying bitcoin (or Ether), and then perhaps even going on to invest in an altcoin that doesn’t have fiat trade availability. At which point the price has probably gone up again, andyou miss the best spot to invest." Read full article by Amie Parnaby here: https://www.fxstreet.com/cryptocurrencies/news/stable-coins-pointless-or-the-path-to-mainstream-201807241026 |
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-- Due to a shortfall of gold and US dollars, the International Monetary Fund created in 1969 the “XDR”, a unit of account whose value was based on a basket of key international currencies. The weights assigned to each currency were reviewed and adjusted according to their current prominence.
-- Before the Euro existed, the European Union created an artificial currency called ECU (European Currency Unit) which was, as a matter of fact, a currency basket composed by several European currencies.
-- In 2007, Kuwait decided to peg their currency “dinar” to a basket instead of the US dollar because the instability of the latter by that time was causing a high inflation.
What do you think of tokenized currency baskets?
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«Since we need stability, it would be nice to create digital currencies that will take full advantage of classical cryptocurrency, but they will also be convenient to use, as well as conventional money (for example, USD, EUR). These universal currencies could have a blockchain, decentralization and a fixed stable rate. And, of course, some blockchain developers realized that such currencies would be in demand, so teams began to develop various stablecoins.» Just sharing a text written by Max Profit and you can read the rest here: https://medium.com/@max_profit/stablecoins-the-future-of-crypto-1beed0733981 |
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Who's Who in the Zoo
Crowdfinders & The EIS Association
Thursday, 28 June 2018 from 09:00 to 18:00 (BST)
London, United Kingdom
“Who’s Who in the Zoo” is the World’s most dynamic, exciting, engaging and informative business event for investors, entrepreneurs and businesses looking to raise funds.
There will be 300 discernable VIP guests at this unmissable event including high net worth & active investors, business owners & founders, professional service providers and a veritable ‘Who’s Who’ in the world of building businesses.
Linda Leaney from GLOBCOIN will be leading the crypto panel in the afternoon
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Reuben is an established and active advocate of Blockchain and Crypto development. He has advised ICOs globally and shares his experience through frequent Public Speaking and direct involvement in the worldwide debate to shape the digital future. Reuben is based on the Crypto Coast of Ireland, an initiative he launched to provide a decentralised blockchain tech hub to grow business and education.
“Delighted to be joining the Globcoin community, and helping to bring the GLX to fruition. I share Helie’s vision, so let’s see where we can take this and enrich the crypto world”, said Reuben.
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Hey guys,
What's your favorite way to get news and updates from the projects that interest you?
Feel free to give reasons or name your LEAST FAVORITE on comments
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Plusieurs crypto-monnaies stables sont récemment arrivées sur le marché. Objectifs : attirer les réticents effrayés par les soubresauts des cours. Pour mieux comprendre ce qu'est un stable coin et quelle est son utilité pour le secteur des crypto-monnaies, le JDN répond aux sept grandes questions qui se posent. Qu'est-ce qu'un stable coin ? Un stable coin est littéralement une crypto-monnaie stable. Il répond donc à une des plus grosses problématiques du secteur des crypto-monnaies : la forte volatilité des cours. Le prix d'une crypto-monnaie peut varier de 10-20% voire 100-200% en seulement une journée (c'est cependant de moins en moins le cas pour les cryptos les plus valorisées comme le bitcoin). Le fonctionnement d'un stable coin est simple. Si le prix du bitcoin est à 6 000 dollars et que vous échangez 1 bitcoin contre du stable coin adossé au dollar, vous aurez donc 6 000 unités de ce stable coin. Si le cours du bitcoin descend à 5 000 dollars, vous aurez toujours 6 000 dollars en stable coins. A contrario, si le bitcoin monte à 7 000 dollars, vous ne détiendriez toujours que 6 000 dollars en stable coins Source: https://www.journaldunet.com/economie/finance/1210122-le-stable-coin-la-crypto-monnaie-anti-volatilite/ |
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Source: https://irishtechnews.ie/crypto-coast-to-host-unconference-at-summer-soiree-in-dun-laoghaire-dublin/The Crypto Coast Summer Soirée is an ‘unconference’, a place where some of the industry’s leading minds can socialise and network – open source and transparent. Guests will include top-level individuals from some of the most exciting international companies in the blockchain space as well as some exceptional home-grown talent. These include representatives from L03, BTC Media, Hosho, Ledger, Globcoin, Deep Green, ShapeShift, Peer Mountain, Blockchain Association of Ireland, Harbour Innovation Campus and Aptiviti. More speakers to be announced as we approach the date. This informal event will bring together international thought leaders, influencers, start-ups and investors from the Blockchain and Crypto space in two parts. The first will take the form of discussions in Dun Laoghaire’s Maritime Museum, the second, will be relaxed networking in the boutique Haddington Hotel. These are exciting times for Blockchain in Ireland, a country that has positioned itself as a hub for global business and tech, with the beautiful seaside location of Dun Laoghaire being a town that is set to become the next major hub of blockchain innovation in Ireland.
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After conducting the poll on Twitter for 6 days
The results were:
16%Volatility
08%Security
68%Price Manipulation
08%Regulation
Loud and clear!
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«¿Qué es un Stablecoin? Una moneda estable es una criptomoneda que está vinculada al valor de un activo subyacente. Se llaman stablecoins porque el valor de estas criptomonedas se mantiene estable en relación con el activo subyacente. El valor de una moneda estable se basa, por lo tanto, en otro activo al que ya se le ha dado valor. Estos activos pueden ser monedas fiduciarias, productos básicos como oro, plata y petróleo, pero también activos como bienes inmuebles. Preferiblemente, el activo al que está vinculado el valor de una moneda estable es relativamente estable en valor, pero esto no es obligatorio.» Leer más: https://bitcoin.net.do/que-es-una-moneda-estable-stable-coin/ |
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