Infinity Economics to release subscription feature

Following the release of crowdfunding IEP is rolling out subscription feature on April 21
10 April 2018   764

With the announcement of the new feature roadmap, detailing the activation of the platform's new features as the blockchain reaches a certain height, on April 21 Infinity Economics has set to launch its subscription functionality, Previously, managing and scaling subscriptions was a tedious process. With this subscription feature embedded into the platform, users will be able to initiate and cancel any decentralized recurring payments at any time. These recurring payments are usually designed for services with multiple payments over time, or merely to keep a special account 'alive' by replenishing its balance.

A new enhanced transaction framework is the foundation of the subscription mechanism. Such foundation now allows users to make payments of any size and interval to other accounts. The upcoming IEP marketplace shall have the subscriptions as an integral part. Infinity Economics is aiming to build a cryptocurrency market with a superb level of security and a low margin of membership.

At the moment of publication, the market parameters for Infinity Economics are as follows

Average price: $0.010545

Volume: $298,887

Brazilian Central Bank to Issue Stablecoin

According to participants of the project, the issue of the BNDES coin will help restore public confidence in Brazilian state banks
17 December 2018   68

The state-owned Brazilian National Social Development Bank intends to issue a cryptocurrency token tied to the Brazilian real. It is reported by CoinDesk.

The pilot project for the production of a token BNDES based on Ethereum will start in January next year. At first, the coin will be used to finance cultural institutions. In particular, the bank will allocate a certain number of new tokens to the local cinema agency.

As the newspaper notes, the bank conducted experiments with steyblecoin throughout 2018. The consultant of the project for the release of a new “stable coin” will be the well-known Ethereum start-up ConsenSys.

According to representatives of the bank, the issue of the BNDES coin will help restore public confidence in Brazilian state banks, which are often criticized due to corruption scandals.

Also, the bank is confident that in the future, stablecoin can be used to finance organizations and projects from various fields.

Note that recently in Brazil there has been a trend towards liberalization of the regulation of cryptoindustry. For example, in October, the Brazilian Securities Commission allowed local investment companies to invest in a cryptocurrency ecosystem through the acquisition of derivatives and shares in foreign funds. It is noteworthy that at the beginning of the year the same financial regulator announced the prohibition of both direct investment in cryptocurrency and indirect investment through intermediaries in the person of foreign companies.