6 Banks to Issue Stablecoin Using IBM Tech

Banco Bradesco, Korean Bank Busan and Philippine Rizal Commercial Banking Corporation and others are going to use BWW to issue own stablecoin
19 March 2019   360

Six international banks announced their intention to issue their own fiat currency based stablecoin using the IBM Wire blockchain system. This is reproted by Cheddar.

The statement was made by representatives of IBM and Stellar during the Money 2020 Asia conference held in Singapore. Among those who want to issue their own "stablecoins": Brazilian Banco Bradesco, South Korean Bank Busan, as well as the Philippine Rizal Commercial Banking Corporation.

The rest of the issuers are not yet known, however, according to IBM’s blockchain head Jess Lund, some of them are going to issue stablecoins based on the Indonesian rupee and euro.

The Blockchain World Wire (BWW) platform developed by IBM and Stellar was launched last year. It allows banks to make cross-border payments in real time. To date, 44 financial institutions have connected to BWW

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   1170

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”