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There are literally 20,000 bank coins created a day. This one doesn't even rate in the top million.
No, not that many exist with 200 plus banks using it.
There is a few interesting bits. They are desperate to call it a blockchain even so they only have a database with servers on different locations.
They operate in a strict private matter where only sender and receiver see details, so private coins is full steam ahead, if its good enough for them it is good enough for me to know who is sent bitcoins to. Bitcoin will have improved private features in times to come.
Its also acknowledgment of the way forward from current broken system.
You know i have a international payment pending since April 6, yes a month and a half. I have confirmation letter from my bank it was sent on 6th, can see it when i log in to online banking and numerous phone calls to bank confirmation that receiving bank has my money.
Receiving bank (Agricultural Bank of China) has to date not credited beneficiary account nor responded to any of the three messages sent from my bank to get in touch. Couple of days ago i did contact financial ombudsman, no reply so far. Meantime container gets hit with demurage penalties daily, how sic is that.
System is broken alright.