Bizanc.io (DEX) will be accelerated by the Brazilian National Development Bank

[llustosa]

Release
https://bndesgaragem.com.br/aprovadas-criacao/

Website:
https://bizanc.io/

Explorer:
https://bizanc.io/explorer/

[ricardobs]

I don't know whether to say it is a good news or a bad news because you mentioned the involvement of bank in a crypto project, and the last I checked, the bank was very much against crypto because it is a very big threat to them.

Some banks in some countries actually block transactions with the description crypto or bitcoin and will never unblock the account until you have paid a huge fees, so this is the main reason I don't know if to say that the partnership with the bank is either good or bad.

[llustosa]

I understand your point, but BNDES is not an usual bank. It`s an state owned bank, and their focus is on national economic development. BNDES gives cheap credit to companies acting in strategic areas that fits national development policies.
BNDES Garagem is program focused to support startups in several areas, and blockchain is one of those.
BNDESToken is a project created by BNDES to create an stable token that will be given on loans. When a company takes a loan from BNDES, they only can spent the money on products and services from predefined categories, from national companies. BNDESToken aims to give transparency to loans and trace how the is really spent.
BNDES is really respect institution in Brazil, and this program aims to support national technology development in strategic ares.
I truly believe that been accelerated by BNDES will push us to another level, besides giving shortcuts regarding to regulation issues.