Post
Topic
Board Altcoin Discussion
Re: is this a good sign for ethereum
by
laurencef34
on 01/03/2019, 06:19:16 UTC
A state-owned bank in Brazil is about to issue a crypto token designed to maintain parity with the national currency.
the Brazilian National Social Development Bank will launch a pilot in January 2019 for the BNDES token, which runs on the ethereum blockchain.

https://www.coindesk.com/this-brazilian-bank-is-using-ethereum-to-issue-a-stablecoin

your opinion Smiley
I read what Rosine Kadamani, founder of the educational Blockchain Academy in Brazil commented on the effects this stablecoin that it will somehow have a major effect to the country's graft and corruption issues due to misuse of public funds. This shall take control of its accounting because everything goes back to the bank. If this process will be a success, then this coin's system shall not only be applicable to banking and finance but to other key areas also. Just  my two cents on this. Better get back to my live trading session. Best of luck!