Member Info for ragnarr

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.

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’

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

MYKOBO’s EURC Stablecoin to Integrate with Pendulum
https://medium.com/pendulum-chain/mykobos-eurc-stablecoin-to-integrate-with-pendulum-6c52147309cf

I think we are due an alt season soon so would expect PEN to follow upwards accordingly.

For those interested in the recent getpiad Africa development , this McKinsey report is well worth the read.

The future of payments in Africa
https://www.mckinsey.com/industries/financial-services/our-insights/the-future-of-payments-in-africa

Digital Payments - Africa
Total transaction value in the Digital Payments segment is projected to reach US$146.40bn in 2023.
Total transaction value is expected to show an annual growth rate (CAGR 2023-2027) of 16.01% resulting in a projected total amount of US$265.20bn by 2027.

https://www.statista.com/outlook/dmo/fintech/digital-payments/africa

Addison - HRMP stands for Horizontal Relay-routed Message Passing - in simple terms it is the process that Parachains can communicate with each other through the Polkdot/Kasuma relay chains.

But before a channel can be established it has to be approved by the the network community - it is just a formality really.

tradeforce - No direct exchange Im afraid - would have to cash out your HNT, and open MEXC account and set up new wallet (talisman is best i think) - from memory Helium has migrated to Solana.

https://www.eventbrite.com/e/stablecoins-the-future-of-sme-finance-tickets-585695620367
https://getpaid.africa/

https://pendulumchain.org/spacewalk

Here Are The Top 3 Most Promising DeFi Projects To Watch in 2023 (not my words)

https://www.fxleaders.com/news/2023/03/07/here-are-the-top-3-most-promising-defi-projects-to-watch-in-2023/

Good to see the word getting out into the wider world on Yahoo.

https://finance.yahoo.com/news/pendulum-unveils-blockchain-bridge-spacewalk-182649234.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvLnVrLw&guce_referrer_sig=AQAAAMByGOmqZaZPtro9-adiiROMllk67FuY-NG2x5WLdiAeu60vzY5Me0zHZOdgOfDFlexsma1sx2p8hajrMg0oFD967hKUsX7wtaScKWvgC4PrGf3Ot2ynGSWNZ0vckAk1hHaM9NpoNbCA9Vs7CThS4OsTIlC9wcyY-eyA-XFY6s6k

Blu - I concur with your general sentiment and genuinely believe the SP will be far higher in the not to distant future, once intrinsic values can be put on the the portfolio.

My immediate concern is that some here are expecting PEN listing to provide an immediate high valuation. Whilst it will be interesting to see how that goes the real value will probably be 12 months or so as the token is actually utilised for forex smart contracts and the crypto market fully enters the next bull phase, as well as the related development of Dtransfer.

As with Dynasty, I agree with your frustration. It seems fairly clear that the true valuation is probably multiple time higher but the silence is deafening. I am sure our patience will be rewarded this year some time..

Blu - lots of FUD floating around the cryptospace at the moment, USDC stablecoin temporarily depegged as a result of SVB, and lots of volatility. Actually failure of another centralised bank only adds to the argument for decentralisation - so good long term for Pendulum, but could affect short term PEN valuation while the dust settles. IMO.

What is Pendulum Blockchain (PENDULUM)
https://blog.mexc.com/what-is-pendulum-blockchain-pendulum/

MEXC New Futures M-Day Will Launch Trading Round with 138,000 PENDULUM at 06:00, Mar 12 (UTC)

https://www.mexc.com/support/articles/16400974387737

Any applicants here ?

Business Development Lead at 0xAmber
$70k – $100k • 0.5% – 1.5%

https://angel.co/company/0xamber/jobs/2603929-business-development-lead?utm_campaign=startup_share&utm_content=startup_share_module&utm_medium=social&utm_term=0xamber

https://medium.com/pendulum-chain/pen-token-transfer-event-tte-39394cee9647