Remember23 Nov 2023 12:35
GST is pleased to report that it has now successfully tested all four of the enterprise chains provided by Wise MPay (representing four digital currencies pegged to the US Dollar, the Pound, the Euro, and the Yuan), together with implementing a mainnet upgrade on the Coalculus platform, provided by Wise MPay. This marks the launch of the GS Money protocol. GST, through its wholly owned GS Fintech subsidiaries, will maintain its role as the sole issuer of GS Money digital currencies.
The four digital currencies are strictly pegged to the US Dollar, the Pound, the Euro and the Yuan which will allow GST to carry out transactions immediately through blockchain ledgers, which can be used in place of wire transfers that generally take several days to complete. The four enterprise chains work alongside one another to form a decentralised and highly efficient multicurrency cross border payment system for digital transactions that utilise the Coalculus blockchain ledger technology. Additionally, each enterprise chain's total supply will allow GST to issue up to 10 billion digital currency units.
10b on each supply chain.