Swiss bank will launch set of digital assets

One of the most important financial institutions in Switzerland, Dukascopy seeks to revolutionize private banking, announcing the launch of the Dukascoin cryptocurrency and the stablecoin Dukasnotes

Dukascopy causes a stir in the cryptoeconomy of Switzerland by unveiling the cryptocurrency Dukascoin, which will be the native cryptoactive of the bank, and the Dukasnotes which will function as stablecoin. The bank applied to the Swiss Financial Market Supervisory Authority to issue an Initial Coin Offering (ICO) as soon as possible.

Cryptocurrency will have a limited supply and will be used as a payment system. In the same way, the bank tries to promote its new Mobile Current Amount (MCA) bank, available to residents and foreigners who will obtain benefits when making transactions.

The creators also said that the cryptocurrency will be based on the blockchain Ethereum, but do not rule out other alternatives. A maximum of 20 billion coins will be offered, that is, 20 Dukascoins for 1 billion users and will be financed to expand the platform.

For its part, the stablecoin Dukasnotes will be an easy way to convert currencies to digital money and the value of each token will be guaranteed by the bank, through a fund subject to audits.

The fullness of the funds will be deposited with the bank and there will be no limit of Dukasnotes issued by the system. With all this initiative the entity seeks to offer a new, simple and fast way to make payments to reduce costs. The set of digital assets will be used to purchase goods, services and even food over the Internet.

L.Sáenz

Source: Coincrispy

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