Good News! ECB Favor StableCoin for issuing global payment. Since the last few years, CB was working to fix the virtual currency issues.
All virtual currencies whether it is Bitcoin or other Altcoins are used to send payment and for trading.
They all work on blockchain technology, which is considered safe and robust technology.
European Central Bank Cryptocurrency Stand
It can be said here that blockchain technology is a new identity of the Internet.
But given its price uncertainty, the Central Bank has always opposed it. According to the Central Bank, coins of any uncertain value cannot be used as remittances.
Bitcoin and other Altcoins do not have any fixed price and no inference can be made about this.
Their price is determined on the basis of demand and supply, which we kindly received from the trading volume on the currency exchange.
But the existence of cryptocurrency cannot be ignored. And the European Central Bank has taken some concrete steps in this regard.
ECB Favor StableCoin
Cryptocurrency works on blockchain technology. If we make crypto coin stable to them then all the problems of the central bank will be eradicated.
As per the new ECB president, ECB Favor StableCoin. A crypto coin with price stability can be used as a global payment system.
OneCoin, Libra, etc is the best example of Stable Coin. And hence these coins can be used for remittance services.
ECB provides guidelines that a coin with all legal licenses and stable prices can be used on CB. Also, ECB issues the notice to all central banks.
OneCoin has a Banking and Trading license. Also, it is a stable coin with more than 3.5 million active users and more than 1 million active merchants on the DealShaker platform.
- OneCoin Vision With Full Concept, Policy & Exchange Launch.
- Germany OneCoin 1st License Exchange Analysis.
There are almost 200 countries worldwide that have OneCoin users. So it’s very good news for all OneCoiners.