Myanmar's shadow government is set to start a neobank to help in the fight against the country's military government. The bank will run on 0xPolygon and do currency swaps via Uniswap. lavender_au reports
The bank plans to offer users currency swap, fixed deposits and prize-linked savings account services. Its web-based app will have a beta launch on July 22, and be available on Google Play and Apple’s App Store, a spokesperson for the bank said at a virtual press conference held on Thursday.
Myanmar has been sanctioned by various governing bodies including the U.S. and the EU over the February 2021 military coup that overthrew the civilian government, and ensuing human rights violations. A pre-initial coin offering round with the bank’s own token will be exclusively for SDB account holders and the first ICO round will be offered to institutional investors. The bank said that it will also raise funds via remittance, currency exchange, loans, and other monetary products.It is set to support four currencies: the Myanmar kyat , U.S. dollar, Singaporean dollar and Thai baht.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Myanmar’s shadow government backs launch of crypto-based bankThe launch of Myanmar’s first crypto neobank, dubbed the Spring Development Bank, could see the people of Myanmar and the National Unity Government provided with greater access to financial services and funding.
Consulte Mais informação »
BUILDING HIS BRAND: Shadow Creek’s Williams isn’t your typical star athleteShadow Creek football star Maurice Williams isn’t your typical star athlete. vypehouston said it might be surprising to hear that the LSU-turned-Houston commit doesn’t exactly relish having all the eyes on him. kprc2 mauricewilliams uh sports vype
Consulte Mais informação »
The US government wants to label secure IoT devices with a 'Cyber Trust Mark' | EngadgetThe US government wants to label secure IoT devices with a 'Cyber Trust Mark'
Consulte Mais informação »
Pakistan government hands over early to caretaker to organise pollsPakistan's ruling coalition will hand over to a caretaker government on Aug. 8, four days before it is constitutionally required to do so, in preparation for a general election later in the year, Geo TV reported on Tuesday.
Consulte Mais informação »
A startup backed by the Chinese government wants to build a Starlink rivalAlthough popular, Starlink has a meager market presence in the satellite-based internet market and China wants its startups to compete fiercely.
Consulte Mais informação »
Letters: Government hiding reasons for $11.6-million Brandt settlement\u0027Wow! Is that ever backwards. Interference came from government, starting in 2014 when it intervened on Brandt’s behalf.\u0027 — Jim Gallagher
Consulte Mais informação »