eCurrency Mint CEO: "It Doesn’t Matter Who Owns Digital Currency Issued By Central Banks, As Long As The Value is Preserved"
For quite some time now, people have feared how traditional financial institutions will use the concept of Bitcoin to create a centralized currency. By the look of things, that fear has now become a reality, as eCurrency Mint pitches technology that lets central banks issue their own digital currencies. To make matters, even more, interesting, these currencies would consist of attributes found in bitcoin, as well as certain traits associated with cash as we know it. Unlike the concept of creating digital fiat currency, eCurrency Mint is taking things one step further and turning the entire....
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According to a recent press release, central banks are working on issuing digital cash to counter the rising Bitcoin. A philanthropic investment firm-Omidyar Network-today announced its investment in eCurrency Mint, a relatively unknown start-up developing a technology that enables central banks to issue their digital fiat currency called eCurrency. According to a WSJ report, founder and chief executive of eCM, Jonathan Dharmapalan, said that the start-up has held meeting with over 30 central banks, of which two have agreed to issue the digital currency. eCurrency will have the same legal....
eCurrency Mint (eCM), a Dublin-based company that has pioneered a new technology that enables central banks to issue digital fiat currency, has received an undisclosed amount of Series C funding from Omidyar Network, a global investment firm launched by eBay founder Pierre Omidyar. The investment helps sets the stage to establish digital fiat currency, which portends numerous benefits over physical currency for bankers, merchants and consumers. The Wall Street Journal also has an article noting that eCM has met with 30 central banks which are exploring digital currency backed by....
Another digital currency has made its way into our midst, and it appears to have an agenda all its own. eCurrency Mint, a startup backed by eBay founder Pierre Omidyar, is pitching a centralized digital currency that defies everything its "crypto-predecessor" stands for. The currency will have the attributes of both physical money and bitcoins, and supplies would be determined based on each receiving country's monetary policy. The primary goal behind the new virtual coin will be to prevent transactions from ever being traced, a heavily favored characteristic amongst all users who value....
The Bank of Jamaica has partnered with an Ireland-based tech firm for its central bank digital currency project scheduled to begin in May. Jamaica is the latest country making concrete efforts towards issuing its own sovereign digital currency.According to a press release by the Bank of Jamaica on Tuesday, eCurrency Mint, a cryptography security company specializing in central bank digital currency issuance has been selected as the technology provider for the sovereign digital currency project.As previously reported by Cointelegraph, Jamaica’s central bank invited technology solution....
ECurrency Mint has joined hands with the Banque Regionale de Marches (BRM) to offer a new form of digital currency to the West African Economic and Monetary Union (WAEMU). The coin is called eCFA, and can be used on a number of financial platforms within the region. Blockchain technology and digital currency is earing newfound support in Africa. Recently, South African blockchain magnate Custos Media Technologies completed a successful fundraising round that garnered nearly half-a-million in revenue to expand the company’s battleground. The company has recently committed to ending movie....