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Blu / Gaz - completely agree - my comment was slightly tongue in cheek - 8000 odd live coins out there and most are nonsense. Having said that there are over 4000 banks in USA alone, how many of them will survive the digital era over the next ten years.
I think Its regulation that will be the big sea change and the real business case projects will then thrive and potentially become some of the next batch largest companies and point in case for pendulum - 57% of the African population do not have a bank account, yet for example in Nigeria 45% of the population own crypto
investment banking at least has intrinsic value..
i don't doubt some crypto will survive, but some , even with all my years font line experience, i can not even begin to find value in.. dogecoin... what the hell is it, what function does it serve, how does it have that market cap? incredulous !!
i would suggest banking is in a rut not a bubble, consolidation will ensue, but the banking industry now has very real competition, which is good for a market !!
credit suisse has been poorly run for nearly a decade now, the signs were there for all who knew where to look !!
on the crypto side i have done something i had thought never, i have purchased a chunk of PEN, i am convinced of a case for investment here.
your caveat " no advice intended" is well placed by the way, my posts are aimed at those who think for themselves.
In November 2017 Tidjane Thiam CEO of credit suisse tweeted that Bitcoin was a bubble and interest in cryptocurrency would wane - In that tine Bitcoin is currently 300% higher and Credit Suisse stock has lost 90% of its value - Banking is the bubble :-)
PEN - no advice intended.
@ragnarr
what do you perceive will be most valuable , based on £100 investment, over the next 18 months.
BLU shares or PEN token ?
i surprise myself in believing it will be the PEN token.
Dave - it certainly looks like all the jigsaw pieces are slowly coming together. One thing that has caught my eye looking into this latest development is CBDCs (which all govt will be using in the not so distant future)
Back in 2018 the. Brazilian Central Bank launched the Laboratory of Financial and Technological Innovations(LIFT) a sort of banking technology think tank made up of a committee of Central Bank officials and National Federation of Central Bank Servants (FENASBAC). nTokens’s was the first approved project with specific application of blockchain technology on the tokenization of money, cross-border payments and stablecoins, and since then a new instant payment service in the Brazilian financial system has been launched called PIX - and ntokens is the first stablecoin to integrate.
But most interesting is a comment from a recent meeting
‘One critical step of the project was to provide a solution for an eventual CBDC deployed as a national digital tender. Support by Central Bank officers and the open, academic-style debate of LIFT meetings were key to having our prototype fully CDBD compatible’
Like Ragnarr has mentioned quite a few times. In maybe 6-18 months this could be worth a lot of money. I'm here to fully see the value out and Dynasty :)
Thanks
So it looks like we have Pendulum initiatives in Africa, Europe and South America via Brazil - just Asia/Australia/NZ to go.
Genuinely looks like things are moving on speedily.
PD
Pendulum & nTokens: A New Horizon in Latam
Pendulum is excited to join forces with a new partner in the Latam region, with nTokens joining our network. This partnership provides more options for businesses and users of the Brazilian fiat currency to utilize Pendulum’s infrastructure. nTokens is a tokenizer based in Brazil that specializes in generating compliant tokens. They have been operating their BRL stablecoin, nBRL, for over three years. Recently, nTokens was accepted into the Brazilian Securities Commission (CVM) Sandbox program as an authorized tokenized market for startup securities.
nBRL Brazilian Stablecoin
Through this partnership, nTokens’ nBRL stablecoin is now linked to the Pendulum ecosystem. The goal is to provide users of Pendulum and Polkadot networks with access to a stablecoin that is compliant, 100% convertible, and fully reserve-collateralized. nBRL is redeemable 1:1 for BRL with settlement via PIX. nBRL is 100% backed by deposits in Brazil. This partnership will also increase interoperability for current Stellar network users who hold BRL tokens. This partnership will provide a secure and efficient means of holding and hedging BRL currency exposure within the Pendulum ecosystem.
Pendulum’s Internet of Fiat
Pendulum’s mission to enhance financial inclusion globally involves integrating fiat stablecoins from multiple countries. With our partnership with Stellar, access to a diverse range of stablecoins on the network is made possible. The Spacewalk bridge connection between Pendulum and Stellar, along with all Polkadot Substrate chains, enables the use of Stellar’s stablecoins for various DeFi applications on Pendulum.
Furthermore, the upcoming launch of the 0xAmber Forex-optimized AMM on Pendulum will provide liquidity pools for multiple stablecoins. Unlike traditional AMMs, 0xAmber operates as a PMM or Proactive Market Maker, which avoids causing any impermanent loss for liquidity providers.
“At nTokens we are excited to begin this partnership: we have been working for a while towards this and in the process only got more confident on the alignment and capability of Pendulum team.”?—?Thomaz Teixeira, nTokens CEO.
Summary
The partnership between Pendulum and nTokens will provide a whole new ecosystem of opportunities and use cases for BRL nTokens’ users. It also offers a reliable way to gain exposure to one of the top 20 most traded currencies in the world. Be sure to stay informed by joining the Pendulum community on social media for the latest updates. We appreciate your involvement in connecting Forex with the DeFi world!
About nTokens
Brazil-based tokenizer specializing in compliant token generation. Operated the nBRL stablecoin for over three years. The Brazilian Securities Commission (CVM) Sandbox program has authorized nTokens as a tokenized market for startup securities.
Looks like an opportune time to be entering the African market place
Nigerian president-elect aims to use blockchain technology in the banking sector
https://cointelegraph.com/news/nigerian-president-elect-aims-to-use-blockchain-technology-in-the-banking-sector
CoinMarketCap now displaying pen prices - progress!
MYKOBO’s EURC Stablecoin to Integrate with Pendulum
https://medium.com/pendulum-chain/mykobos-eurc-stablecoin-to-integrate-with-pendulum-6c52147309cf
... and if youd looked into the UK company B'Dotte .... it never ever traded and only ever filed Dormant Accts ... so strike off absolutely zilch concern ...
13 Mar 2023 14:04
' does BLU own PEN? I can't remember @
... not yer strogest point ... research huh ! ? ;-))
Bernodotte - Registered in Lithuania, not UK.
https://www.info-clipper.com/en/company/lithuania/mykobo-uab.ltdbdgdon.html?retry=1
https://mykobo.co/
MYKOBO is a pioneering technology company that provides a bridge connecting the European financial infrastructure to the blockchain using Stellar.
The EURC stablecoin issued by MYKOBO and pegged 1:1 with the Euro fiat currency allows businesses and individuals to move seamlessly between traditional fiat financial services and the blockchain.
As a Stellar partner, MYKOBO is able to leverage the low network fees and the standard protocols that enable interconnectivity pretty much anywhere in the world to provide fast, affordable and meaningful services to businesses and users in Europe and beyond.
Founded 2022 (Non-UK)
https://find-and-update.company-information.service.gov.uk/company/12130420/officers
company is dissolved lol
MYKOBO and Pendulum have announced a strategic partnership that will enable Pendulum’s customers to gain access to the Euro coin (EURC) on Stellar. This collaboration marks a significant milestone for both companies in their respective industries.
As a leading blockchain technology firm, MYKOBO has a mission to make cross-border payments more affordable, faster, simpler, and transparent through the use of EURC. The company’s aim is to deliver a secure and user-friendly platform that allows customers to purchase, sell, and store digital currencies.
EURC Stablecoin
The strategic alliance between MYKOBO and Pendulum presents a valuable opportunity for Pendulum users to access EURC, an asset-backed stablecoin with a 1:1 peg to the Euro fiat currency. The EURC provides a bridge connecting the European financial infrastructure to the blockchain using the Stellar Network. MYKOBO’s API integrated with Pendulum’s infrastructure will allow businesses to interact with EURC on their platforms and dApps seamlessly.
This partnership marks a significant milestone for both organizations and underscores the escalating significance of digital currencies in the African market. As MYKOBO and Pendulum join forces, their collaboration will undoubtedly set the stage for further fintech innovation in the region, thereby facilitating greater access to financial services and fostering increased participation in the digital economy.
I think we are due an alt season soon so would expect PEN to follow upwards accordingly.
should be clear of .2's on Amplitude or Dynasty announcement
about time too
Excellent start to the week for Blu on a day when global markets continue to fall. It seems an alternative to banks is proving popular on a day when Banks are under considerable pressure. Currently number 3 on the Leaderboard Up 11%.
Yes, just wait until we get around to having a poo!
Excellent start to the wee
Not sure. Does seem like that on the groups though.
@davetk
why would the majority want AMPE ? , i had thought ampe was just a test environment.
pendulum is the main event !!