is this a good sign for ethereum

[Atheneum Blockchain]

A state-owned bank in Brazil is about to issue a crypto token designed to maintain parity with the national currency.
the Brazilian National Social Development Bank will launch a pilot in January 2019 for the BNDES token, which runs on the ethereum blockchain.

https://www.coindesk.com/this-brazilian-bank-is-using-ethereum-to-issue-a-stablecoin

your opinion

I think that type of volume on Ethereum would be amazing for the price.

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[cudora]

There are a lot of great signs for Ether but the price is still around 120 USD and I think it is pretty low for such a great coin. I cannot wait to see the final release of Ethereum 2.0 and when it comes on time, Ether will fly.

[Bagaji]

If the project is eventually lunch it will definitely have a multiplayer effect on ethereum because that action alone will bring confidence in blochain technology and crypto currency market and other countries of the world will follow the step in adopting crypto currency.

[Atheneum Blockchain]

I think so, I'm sure that ethereum will return to second place before 2018 ends, and today has become proof because it has risen by more than 10%, investing now is profitable.

Yes it will back again into a second place, But as of now the etherium are suffered so much to drop the price. If the drop again maybe we should not let to sell our etherium ill think the one doing that it's only the weakhands.

I think so, I'm sure that ethereum will return to second place before 2018 ends, and today has become proof because it has risen by more than 10%, investing now is profitable.

[terra_vival]

This is very good news. This kind of project when creating a state cryptocurrency is a significant contribution to the promotion, distribution and development of the crypto industry.

[Perfect35]

There might be so many news, lots of updates, but they might not all be relevant at that moment, to cause a significant growth in price.
Some updates are just distinct, that no many how awkward they might seem, there will surely be an uptrend in the market.
Some other news will definitely still come and that might make a lot of great differences.

[Bourbon44]

I like the general push for countries to enable crypto projects like this however I think there could be something better than pegging it to their currency seeing how volatile it already is. Have you heard of ampleforth who also happens to be building on Ethereum but with an algorithmic stablecoin that is inflates and deflates according to demand.

[kolitski]

Of course this is the good sign of ethereum because the price keep going high and ethereum was go back in rank number two, ethereum holder they are going to be happy at this moment.

[keanne_isaac]

A state-owned bank in Brazil is about to issue a crypto token designed to maintain parity with the national currency.
the Brazilian National Social Development Bank will launch a pilot in January 2019 for the BNDES token, which runs on the ethereum blockchain.

https://www.coindesk.com/this-brazilian-bank-is-using-ethereum-to-issue-a-stablecoin

your opinion

This could benefit to ETH as a whole since it is running in an erc20 smart contract it would use eth as a payment gas for every transaction it is executed. And the can boost the demand of etherium token.

[retnocintaku]

Yes, of course this is good news especially for supporters of ethereum, after all this time they certainly are waiting for good news for this ethereum, hopefully in the future ethereum will develop better and more supporters for this coin

[fileo]

Another achievement of ethereum once the treaty or partnership of Brazilian National Social Development Bank and ethereum happens. There will have good impact of ethereum demands and the value. We can see the result once the negotiations occur and launched.

[Jannyh]

I think it is a good one for ethereum but on the other hand, news sometimes don't really change anything in this bearish trend unlike before when there is a news it spikes up the value of the token. My general belief is that in the future the value of ethereum would greatly  increase.

[alberdina]

Yes, this is very good news and they should have launched crypto coins. I think every positive thing that is done will have a very good impact on the development of Crypto. And Brazil is a very large country so that it will have a big impact and especially for Ethereum.

[sodiik]

Of course this is good news for ethereum, as the best altcoin, of course, ethereum in the future will be able to develop better and also with the advantages it has, there will be more supporters for ethereum

[lllaqpt]

A state-owned bank in Brazil is about to issue a crypto token designed to maintain parity with the national currency.
the Brazilian National Social Development Bank will launch a pilot in January 2019 for the BNDES token, which runs on the ethereum blockchain.

https://www.coindesk.com/this-brazilian-bank-is-using-ethereum-to-issue-a-stablecoin

your opinion

Absolutely nothing will come of it. See how quickly this idea fades out when it starts to run into problems.

[newbie-hero]

Ethereum is one of the best cryptocurrency and I am sure that we will not be able to live without this cryptocurrency in the future. Ethereum is the main platform for working with smart contracts. In addition there is still great potential in this cryptocurrency.

[nebuch]

For now we just have an assumption whether it can trigger ethereum value to pump or in different way. Hopefully it is a good sign to make ethereum much popular and impressive performance this 2019. Be optimistic can help us to have enough hope to patiently wait the result.

[Starfranko]

Crypto needs approval crypto needs to be embraced and if government are looking at with positive disposition that sure will be a sign of good things to come

[Ycekezuv]

Ethereum platform turned out to be attractive not only for startups, but even for government programs, I think this is a good sign!

[grifinmch]

A state-owned bank in Brazil is about to issue a crypto token designed to maintain parity with the national currency.
the Brazilian National Social Development Bank will launch a pilot in January 2019 for the BNDES token, which runs on the ethereum blockchain.

https://www.coindesk.com/this-brazilian-bank-is-using-ethereum-to-issue-a-stablecoin

your opinion

Absolutely nothing will come of it. See how quickly this idea fades out when it starts to run into problems.

Ethereum is indeed a potential coin and the smart contract created makes it a useful and easy platform. This will happen a lot with its development, price fluctuations occur and still seem slow but this news has given him support.