Visa Files Patent For Blockchain Digital Fiat Currency
Gesara.news » News » Visa Files Patent For Blockchain Digital Fiat CurrencyNews Date: May 15, 2020
Visa International has filed for a cryptocurrency system patent that is meant to replace physical currency. The system, which utilizes both central banks and commercial banks, leverages a private blockchain to improve the payment ecosystem.
The filing is for a fiat-linked cryptocurrency system using a private distributed ledger technology (DLT).
UAS is pleased to announce a partnership with Apollo Fintech, a leading technology company developing interconnected solutions for government including blockchain systems.
Apollo to create a gold-backed currency for the country in conjunction with the CBZ Bank of Zimbabwe.
Official websites:aplfintech.com, apollocurrency.com
News & Media:
1. United Allied States (UAS) Shares Vision to Build a Global Nation of Sovereign States
2. Apollo Shaping Fintech Using Government Utility Solutions
3. Zimbabwe Going Gold Standard with Advanced Financial Technology (Fintech)
Currently, PayPal can be used as an alternative means for withdrawing funds from exchanges such as Coinbase, but this would be a first in terms of offering direct sales of crypto.
The bill clarifies which federal agencies regulate which type of crypto assets. It's crucial that America remains the global leader in cryptocurrency, the lawmaker said.