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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.
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
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
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’
@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.
PEN - no advice intended.
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.
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
@ragnarr
agreed, you talk sense !!
atb
blu
Blu - not sure if I have posted this previously but Chainalysis produce a ‘ Geography of Cryptocurrency Report’ Its well worth the read for anyone trying to get to grips with Crypto adoption. An excerpt is here but you can download the full report FOC
https://blog.chainalysis.com/reports/2022-global-crypto-adoption-index/
PS -Looking at recent developments I have a feeling the SEC will loose or come to agreement re XRP - of course its a gamble but I am accumulating a few.
Sorry to be off topic everyone.
@ragnarr
its a trade, hedge the risk ;)
Have to be honest - I havnt researched the politics - just the stats so will take a deeper dive. tHanks.
Gazz - for the record it turns out that figure is pure crypto not CBDCs - apparently since 2021 95.5% of the population have refused to use the e-Naira. surprisingly nobody trusts the Govnt.