SelfKey launches Identity Wallet Beta

Desktop wallet of SelfKey will be released on June 28 to innovate the identity management industry
26 June 2018   726

SelfKey is releasing its Identity Wallet Beta for desktop on June 28. The application is meant to innovate the identity management industry. Users will be able to create their own SelfKey ID for the upcoming SelfKey Marketplace and different KYC processes.

The wallet can be used as an ordinary cryptocurrency wallet to store, receive and send ERH, KEY and other ERC20 tokens. The wallet is not tied to SelfKey ID so all the transactions remain anonymous. SelfKey is a blockchain based self-sovereign identity system that allows individuals and companies to truly own, control and manage their digital identity, securely manage their cryptocurrency portfolio and instantly onboard onto financial, immigration and cryptocurrency services. At the moment of publication, market characteristics of SelfKey (KEY) are as follows:

Average price 0.007050 USD
Market cap 14,203,565 USD
Volume (24H) 102,055 USD

US Federal Reserve to Consider Digital USD Issue

If a some country or company issues digital money that is widely recognized, this could lead to the loss its status by the USD, fed official believes
17 October 2019   66

The US Federal Reserve is actively considering the possibility of issuing digital currency, fearing the dollar will lose its leading position in the global financial system. This was stated by President of the Federal Reserve Bank of Dallas Rob Kaplan, reports CoinDesk.

In his opinion, if a foreign government or company issues digital money that is widely recognized, this could lead to the loss of the status of the world's reserve currency by the dollar.

On the eve of the previous chairman of the Commodity Futures Trading Commission (CFTC), Christopher Giancarlo also expressed concern that the re-issuance by other countries of national currencies in digital form could lead to the dollar losing its dominant role in the world. He called for the release of a digital dollar on the blockchain.

Bank of England Governor Mark Carney said earlier that a digital currency like Facebook’s Libra can replace the dollar as a global reserve currency.

The emergence of an attractive and viable alternative to the dollar will reduce demand for US government securities, Kaplan said. This will lead to an increase in interest rates by 100 basis points (1%), which will increase the cost of servicing public debt by $ 200 billion per year.

I still think for the foreseeable future, the dollar will be the world reserve currency, we’re able to refinance our debt at relatively low rates, but I don’t think we should take that for granted.

Rob Kaplan

President, Federal Reserve Bank of Dallas

Kaplan noted that countries subjected to sanctions or increased trade tariffs by the United States are working most actively on the digital alternative to the dollar.