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December 2, 2020
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Nouriel Roubini is one of the earliest financial experts. He predicted the 2008 financial crisis. He has very precisely predicted the economic ‘doom’ of the last decade. Roubini, a professor at New York University is mockingly known .as “Dr. Doom”. We know that economy fluctuates highly. It witnesses ‘boon’ and ‘doom’ periods. When the economy is flourishing it is a ‘boon’ and when it is slowing down it is a ‘doom’.
American economist Roubini becomes popular in media when his 2006 prediction becomes true. That year his prediction was on alarming US credit and housing crisis. He said this during his address at 
IMF. He also said that it may affect the global economy. In early 2018 his prediction of the financial crisis becomes a reality. Since that year, we are experiencing an economic slowdown throughout the world.
IMF. He also said that it may affect the global economy. In early 2018 his prediction of the financial crisis becomes a reality. Since that year, we are experiencing an economic slowdown throughout the world.Roubini’s comment on Bitcoin
He is in news recently for his remark on Bitcoin. According to him, this cryptocurrency is the number one manipulated asset to date. Bitcoin is suitable neither for institutional portfolios nor for retail investor’s portfolios. The value of the virtual currency is volatile. For him, it is not at all a currency. He renounces it as an accounting unit. There is no asset backing for this so-called currency. It is yet to become legal tender. You can’t use it to pay your tax. He supplements his opinion by citing Bitfinex investigation by US authority.
Crypto enthusiasts are rejoicing Bitcoin becoming the most valuable asset of 2020. It has left gold and silver behind it. But Roubini rejects the claim of Bitcoin as an asset. He further says that digital currency is not a scalable way of payments. He even blames Cryptocurrency as unsustainable. It uses a huge quantity of energy. It is polluting our environment in many ways.
Speculation is an inherent feature of Bitcoin. There is no dependable indicator to judge the Bitcoin movement. The price may skyrocket today and fall to the floor the next day. Manipulation is a regular phenomenon with it. Investing in it is worse than gambling. Nobody knows how it would behave in the future. 
No government or central authority is behind it. Amongst a lot of hype, there are a bunch of scams. Many illegal outfits are using Bitcoin for drug trafficking. He also blames Cryptocurrency exchanges. The liquidity of crypto exchanges is false and artificial. The exchanges manipulate data in their favor.
No government or central authority is behind it. Amongst a lot of hype, there are a bunch of scams. Many illegal outfits are using Bitcoin for drug trafficking. He also blames Cryptocurrency exchanges. The liquidity of crypto exchanges is false and artificial. The exchanges manipulate data in their favor.Conclusion
We can’t ignore Nouriel Roubini’s prediction. We know that it is too early to make any concluding remark on Bitcoin. But the points raised by him are very important. Since the launching of Bitcoin, it has been swinging up and down. In one way the popularity and acceptance of Bitcoin are increasing. Many large companies and banking institutions are embracing Cryptocurrency. Bitcoin has also been in the news for scams, fraudulent use, and illegal activities. So if you are into the Cryptocurrency world then be cautious. You need to understand it before putting your money in it.
December 1, 2020
Blockchain has found yet another application; this time in the city emergency services. Olsztyn has become the world’s first city to apply Etherium Blockchain. Above all, the city is considering the use of this technology for emergency services. It is using Ethereum supported SmartKey Technology to manage emergency services.
The city of Olsztyn, located in north-eastern Poland. It is a beautiful city and the capital of Warmińsko-Mazurskie province or Voivodeship. The estimated population of the city is 172214. 
Therefore, for city governments or municipalities the greatest challenge comes from providing emergency services. Emergency services include fire, police, emergency medical service, etc.
Therefore, for city governments or municipalities the greatest challenge comes from providing emergency services. Emergency services include fire, police, emergency medical service, etc. The city has finished its trial run recently that brings good results. According to Gustaw Marek Brzezin blockchain has a bright future in city management. Brzezin is the Marshall of the province.
Let’s discuss Ethereum Blockchain and SmartKey Contract.
Ethereum Blockchain
Ethereum is an open-source and decentralized Blockchain. The best feature is its smart contract utility. It is the world’s most used Blockchain. After Bitcoin, it is the 2nd largest and popular Cryptocurrency. The token of the Ethereum platform is Ether. Above all, the Ethereum-Bitcoin ratio of market share is one is to ten.
SmartKey Technology
SmartKey is a bridging technology that unites blockchain technology with physical assets. Therefore, this would be useful in various emergency services. It uses the smart contract feature of blockchain technology.
Leveraging Ethereum Blockchain for City Emergency Services
Blockchain has many inherent beneficial features. It can connect a huge number of users. In addition, it is transparent and decentralized. It has a smart contract feature. SmartKey technology is a bridge that connects technology with emergency physical assets.
SmartKey enables the emergency management team to connect with the local rescue teams. A smart device, 
Teltonika, establishes the smart contracts. Therefore, this results in the enhancement in the performance of the rescue teams. Technology affects rescue activates in many ways. Above all, it helps in the allocation of physical assets, quick action, and optimal use of resources.
Teltonika, establishes the smart contracts. Therefore, this results in the enhancement in the performance of the rescue teams. Technology affects rescue activates in many ways. Above all, it helps in the allocation of physical assets, quick action, and optimal use of resources.The technology enables a rescue team to act in the least time. In addition, the team has a clear picture of the state of the victims. Therefore, tracking down the location of a victim becomes easy. The whole process of rescue operation becomes easier. Transmission of messages or quick communication is another notable feature. Handling of information and critical data becomes easy. Above all, the coordination among the stakeholders of a rescue operation becomes stronger. These benefits would be useful for city governments. Therefore, they would be able to manage emergencies.
In conclusion, this leveraging of Ethereum Blockchain is a step towards making of Smart Cities. The futuristic smart city concept could become real by the use of this technology. IoT will make the result even better. The technology is going to be a panacea in the provisioning of city emergency services. The initiative by the Polish city is commendable. Many cities from around the world are going to follow this unique step in the future.
November 28, 2020
Blockchain is a technology that runs Bitcoins, the world’s first Cryptocurrency. Once meant for Bitcoin, Blockchain has now found its application in many sectors. Sectors that use Blockchain technology are finance, defense, payments, food industries, etc.
After that, it is also used in health care, humanitarian crises, elections, fashion, and jewelry. However, in this article, let’s discuss the use of Blockchain in banking.
Use of Blockchain in Banking
Blockchain has various advantages that make it popular in the financial sector. The banking sector has already started using Blockchain. In addition, there is a great potentiality for Blockchain use 
in banking. Therefore many financial industry giants have already started using Blockchain.
in banking. Therefore many financial industry giants have already started using Blockchain. Blockchain is very secure for financial transactions. It can reduce time, cost, and energy. In addition, it can reach a very large customer base with security that is hard to break. Above all, technology offers many beneficial features. Therefore, it creates a win-win situation for the banks and the customers.
Key Benefits of Blockchain in Banking
Given below are some of the key benefits of Blockchain in banking. Let’s discuss them!
Very Fast Transactions
In Blockchain transactions, no use of real money happens. Only a ledger entry is enough to make transactions. Customer verification, fund deposit, receipt, and transfer. All these could happen in a few seconds. Customers would get a real-time transaction experience.
Superior Security
There is a logical sharing of ledgers in Blockchain. It makes the transactions secure. The data once verified is not possible to delete anymore. It is a decentralized system. There is no third-party intervention. The transaction time is quick. It gives less/no chance for others to intervene. Your deposited amount will be safe. No government can seize your money kept in crypto form. To enhance the security level, some use 2 security keys. One for public access and the other one is for private access. It is a shared ledger. So the changing of data is not possible. It is possible if you could hack into every user’s account and change the same thing at the same time. You can now understand how difficult it is to alter data in Blockchain.
Accountability
There will be a high level of accountability. It would reduce fraudulent activities and mishandling of assets. Every party behind a transaction is banks would get to enjoy this aspect.
Transparency
Blockchain uses a shared ledger. Nobody can escape from the notice of other users of their doings or misdoings. 
There is utmost transparency in the transactions.
There is utmost transparency in the transactions.Reduced Cost
Banking operation is a spread-out one. You need to have many branches, employees, infrastructures, etc, to function. But by using Bitcoin they can decrease their cost. The cost for a bank to bank transactions would be less.
Reduced Time
The transactions happen at lightning speed. Both the bank-to-bank and bank-to-customer dealings have become quicker. The time to access banking history is very easy and quick.
High-Quality Data
Data related to all transactions are orderly and safe. Access to large data is possible. Accessing data like historical data is quite easy.
November 27, 2020
Blockchain, the technology behind Bitcoin has formed many other applications. It is going to change the future landscape of commerce. According to Bitconch – Blockchain’s future lies in distributed commerce. However, before discussing this in detail, let’s explore Bitconch and Distributed Commerce.
Blockchain technology is a very secure and decentralized system. Data storage and use are very quick and safe. It is very difficult to delete or alter data. In other words, Blockchain technology is now under use by different types of industries. Blockchain technology is going to revolutionize 
e-commerce and distributed commerce. Transparency is a unique feature of Blockchain. Bitconch is such an application for making commerce easier.
e-commerce and distributed commerce. Transparency is a unique feature of Blockchain. Bitconch is such an application for making commerce easier.What is Bitconch?
Bitconch is a 3rd generation distribution ledger system. The head-quarter of the Bitcoin chain is in Shanghai, China. Bitconch chain uses innovative evidence of reputation agreement algorithm. Above all, this technology put forward a novel solution that empowers Blockchain technology. Bitconch chain uses mathematical models to run this technology. It helps in bringing a decentralized and distributive reputation system. In turn, it helps to change the above stuff into the reputation value of every single user. The reputation of users is going to be a game-changer in distributed commerce. In other words, if the user’s reputation is more, then the transaction cost will be low or sometimes zero.
The term for high-reputation users is “Mutual Trust Nodes”. They can start their own “payment channels”. Therefore, they can make a speedier offline transaction via micro-transactions.
Distributed Commerce
Customers can buy what they browse and found. They don’t have to leave their browsing page or platform. It is a kind of personalized platform. It permits retailers to reach and get their customers by using apps. Above all, users can buy whatever they see with one click.
Bitconch’s Plan for Distributed Commerce
Bitconch has recently launched BR Play, its distributed commerce product. It believes that the future of Blockchain lies in distributed commerce. Bitconch is well known public Blockchain. In addition, a distributed
business application is its main focus. Above all, it has approval from the government of the People’s Republic of China.
business application is its main focus. Above all, it has approval from the government of the People’s Republic of China.Bitconch was the 5th in Forbes’s “Top 10 Blockchain companies to watch for in 2019”. In conclusion, Bitconch was the lone public Blockchain featured in the list.
The mainstay of distributed commerce is impartiality, co-creation, sharing, and co-building. Distributed commerce runs using Blockchain technology along with AI. It also takes the help of big data and a few other technologies. In addition, it offers opportunities to small business players in a larger business ecosystem. Therefore, distributed commerce is going to win the trust of common people in the future.
In the past, the performance of any company was dependant on internal employees. In distributed commerce, the customers will influence the functioning of a company. However, how well a company is doing? Here, the consumer is not a normal consumer. Apart from being a consumer, he is also an investor, promoter, producer, and beneficiary.
Distributive commerce has several benefits over traditional commerce. Therefore, it is going to transform the future business environment.
November 18, 2020
Bitcoin is marching ahead like never before. In 2020 the popularity of Bitcoin is skyrocketing. Large institutions from around the world are embracing Bitcoin. The world’s first Cryptocurrency has emerged as an alternative avenue for investment. The new member of the crypto club is China Construction Bank (CCB).
It’s not that, price-wise Bitcoin is at the highest point now. It had reached the highest point in late 2017 when the price was around $20,000. The bitcoin price has been swinging since its origin. By 
April 2020, the average figure for the Bitcoin price was $7,000. We have to recall that the price of Bitcoin was only a few dollars after getting launched in 2009.
April 2020, the average figure for the Bitcoin price was $7,000. We have to recall that the price of Bitcoin was only a few dollars after getting launched in 2009.In 2020 the price is booming in recent months and expected to reach the $20,000 mark very soon. This year we are also witnessing the entry of big businesses into the crypto market.
Large Corporate Jumping Crypto Market
Before discussing the CCB’s entry into the crypto market, let us look at the past developments. Many noted corporates from across the globe are embracing bitcoin. Toyota Systems has partnered with DeCurret, to start a Toyota virtual currency. The Robinhood trading app and Square are already into the Bitcoin domain.
Large Banks are Eying Crypto
Big financial institutions from around the world are now eyeing the crypto market. They are into an experiment with Bitcoin and invest in it. We may recall the recent entry of DBS Bank of Singapore. DBS is planning to launch a Cryptocurrency exchange.
The Bank of America is already investing a lion’s share in Crypto and Blockchain. Citigroup is experimenting with the technology to manage credit default exchange. Switzerland’s number one bank UBS has been at the forefront in endorsing Blockchain. In 2016 the Bank of England started to get into the crypto world. They had launched a crypto accelerator. They have a plan to launch the Bank of England Crypto Coin as well.
PayPal along with its partner Paxos Trust Company has jumped into the crypto market. A large number of PayPal users would be able to buy, sell, and exchange Cryptocurrencies.
Another huge bank from Europe, BBVA has invested in Cryptocurrency. The Spanish financial institution 
is planning to use Blockchain technology. Visa teamed up with Ternio is all set to help Cryptocurrency companies. UK-based banking platform Cashaa and The United Multistate Credit Co. Operative Society of India are also entering the crypto domain.
is planning to use Blockchain technology. Visa teamed up with Ternio is all set to help Cryptocurrency companies. UK-based banking platform Cashaa and The United Multistate Credit Co. Operative Society of India are also entering the crypto domain.The entry of China Construction Bank
China Construction Bank (CCB) is planning to raise $3 billion using Blockchain technology. CCB has join forces with Fusang in this regard. CCB has created an SPV (special purpose vehicle). The aim is to issue the “Longbond.” Crypto enthusiast’s investors can buy virtual tokens on the said exchange. To buy digital tokens investors can use Bitcoin or dollars. To attract more investors CCBis allowing investment of small amounts like $100. CCB is ensuring that tokens get backing from its deposits at a branch in Labuan. According to Fusang, Blockchain technology will be the backbone of the ownership records.
Bottom-line
It is yet another page of success in the Bitcoin popularity book. CCB’s entry would amplify the acceptance of Bitcoin by top businesses as well as small investors. Many more banks and other institutions are going to join the crypto world.
November 17, 2020
Blockchain technology has great potential to help in dealing with climate change. The technology came into being to make Bitcoin functional. In addition, Bitcoin is the first Cryptocurrency that exists in digital or virtual form. Later the technology found useful applications in several other industries.
Blockchain technology is a system that is not centralized, immutable, secure, and transparent. The new-age technology is now going to confront climate change. Therefore, it has the potential to improve global collaboration for climate action.
Climate Change
Climate change describes a change in the average conditions in a region over a long period. Rapid urbanization and industrialization have affected the climate. However, like every other thing, the climate also changes. 
A significant change in weather patterns can happen. But a more pressing problem is climate change happening due to human actions. Large-scale industrial activities and increased use of vehicles have affected climate. In conclusion, all these activities have led to global warming.
A significant change in weather patterns can happen. But a more pressing problem is climate change happening due to human actions. Large-scale industrial activities and increased use of vehicles have affected climate. In conclusion, all these activities have led to global warming. Recognizing the need of the hour, climate change issues are being addressed now. The UNO, governments, corporate, industries are now showing their concern towards it. Many regulations, international understandings are in place. Innovative technical and managerial techniques can tackle climate issues.
Blockchain technology fights climate change
Blockchain technology has great possibilities in targeting climate change issues. As per Stefan Rust, blockchain can contribute towards ESG. E.S.G. stands for ecological, social, and business governance. Stefan Rust, currently the CEO of Sonic Capital and a former CEO of Bitcoin.com is very optimistic about it.
Rust has recently made it public about the launching of his new venture Sonic Capital. The 8-year fund is searching for start-ups that use blockchain to battle ESG issues. Recently, in an interview, Rust has opined that “ESG is incredibly essential. We have an environment, we’re surviving on this world and we’re having a hard time residing in this world and we’re moving towards the days of Blade Runner.
Blockchain technology can deal with a large amount of data. It also helps in transparent transactions of all kinds of emission specific data. The data stored in a shared global platform can make things easier.
Blockchain 
assured transactional security. It also helps with data reliability, security, and management. Blockchain-enabled “smart contracts” among the stakeholders would be beneficial.
assured transactional security. It also helps with data reliability, security, and management. Blockchain-enabled “smart contracts” among the stakeholders would be beneficial. It is a powerful technology to makes certain that agreed parties obey the rules. This feature of Blockchain advances agreements made by nations in climate change summits.
A new age governance system is the need of the hour to tackle climate change issues. A governance system that is agile and scalable. It could be possible by blending Blockchain with other digital technologies.
Bottom-line
Blockchain technology has many applications that can tackle climate change. Therefore, it could prove to be a panacea in the fight against climate change. The technology can bring climate change key players closer. Reforms in governance are also passable by using Blockchain. It has an array of applications that are beneficial in tackling. climate change. Blockchain technology will be able to fight climate change problems in the future.
November 14, 2020
Cryptocurrency is becoming popular throughout the world. It is also known as digital or virtual currencies or “crypto” in short form. In addition, Cryptocurrencies are emerging as the currency of the future. Therefore, it is going to rule the future digital finance world.
The technology that makes Cryptocurrency functional is Blockchain. The main purpose of Blockchain was to run Bitcoin, the world’s first virtual coin. Cryptocurrency has, no doubt, become very popular among investors and banking institutions. However, there would be a lot of changes in the future to make it more acceptable and litigation free.
Cryptocurrency
It is a digital currency that exists in a virtual form. It functions by using cryptography. 
Cryptography is consisting of two words “crypt” (means “hidden”) and “graph” (“writing”). By using codes cryptography protects information and communication.
Cryptography is consisting of two words “crypt” (means “hidden”) and “graph” (“writing”). By using codes cryptography protects information and communication. Cryptocurrency is like real money but they take the form of digital or virtual form. These currencies are not managed by any authority, bank, or government institution. Two users make the transaction of this currency between them. In other words, there is no intermediary involved in the process.
Blockchain is the technology behind Cryptocurrency. It makes sure the transaction of money safe, secure, and easy.
Technology behind Cryptocurrency
Blockchain technology is a digital ledger of transactions. Satoshi Nakamoto created this technology. This technology has many possible benefits. This technology enhances the transaction process by reducing time, cost, and resources. In conclusion, these advantages have made it popular among crypto enthusiasts. This is the main reason why it has a very undeniable role in business. Blockchain-backed smart contracts reduce the costs incurred for audit, legal, and compliance.
Different Types of Cryptocurrencies
There are many cryptocurrencies in operation nowadays. Not that all are popular or have a large number of users. There are more than 2,000 cryptocurrencies that exist in the world. The most popular and accepted cryptocurrency is Bitcoin. Above all, it is the first and oldest of all digital currencies.
· Bitcoin
Bitcoin is the world’s first and most admired cryptocurrency. It is operating since January 2009. This currency is not under the control of any central bank or government or agency. In addition, Bitcoin is getting a lot of attention these days.
· Ethereum (ETH)
Ethereum, another well-liked cryptocurrency started in 2015. It is an open-source transaction platform that uses blockchain technology.
· Bitcoin Cash
Bitcoin Cash enhances some of the specific features of Bitcoin. It’s a kind of improvisation of Bitcoin. In Bitcoin 
Cash, the size of the blocks is bigger. Above all, the feature facilitates the processing of more transactions in the quickest time.
Cash, the size of the blocks is bigger. Above all, the feature facilitates the processing of more transactions in the quickest time.· Litecoin (LTC)
Litecoin is a Bitcoin substitute, created in 2011. It is a popular digital currency used in many countries. In addition, its tagline is “The Future of Money”.
· Ripple
Ripple is a different type of cryptocurrency than the above mentioned currencies. However, it is not Blockchain-based. Therefore, larger companies and corporations use Ripple for large transactions.
· Other Cryptocurrencies
Namecoin, Primecoin, Peercoin, Gridcoin, Dogecoin, Nxt, Dash, Titcoin are other popular digital currencies.
November 12, 2020
PayPal has made its entry in the cryptocurrency market recently. Now, PayPal account holders would make cryptocurrency transactions on the platform. Above all, the popular payment platform is working towards offering an array of crypto services. It is planning to start its crypto journey from US customers.
PayPal Holdings, Inc. is a US-based online payments company having a global presence. It provides different financial services. For instance, the services include online money transfers, P2P payments, and digital payment services. Users can have debit card accounts. It is an established company that has revolutionized digital transactions across nations.
PayPal Entry into Virtual Currency Market
In October, PayPal announced to provide its crypto services to selected customers. They have the option to buy, sell, and hold different cryptocurrencies. According to PayPal, 
customers can store cryptocurrencies in their PayPal digital wallet.
customers can store cryptocurrencies in their PayPal digital wallet. The company would deal with Bitcoin, Bitcoin Cash, Lite Coin, and Ethereum. In other words, buyers would be able to sell back their surplus currency to PayPal.
PayPal’s entry has made a positive effect on the price of Bitcoin. It has also inspired and influenced other big companies to embrace cryptocurrency.
PayPal’s Crypto Plan
PayPal has already acquired the first provisional cryptocurrency license from the concerned authority. In addition, PayPal has tied up with Paxos Trust Company to offer its services and spread its crypto business.
They are experimenting with chosen US-based customers to start with. They have the plan to extend their services to all customers of the US in the next few weeks. After that, in the coming year, they would scale up their operation to other countries.
Security concerns
PayPal is taking cryptocurrency to the masses. However, experts are apprehensive about the move. The main concern is the security issues. Some notable issues are frauds, thefts, malware stealing, phishing, unauthorized mining, etc.
Experts are of the opinion; PayPal may fail to address these security issues. To deal with masses means to deal with messes. There will be thousands of new crypto users who may misuse the services. Therefore, novice users may expose themselves to become victims of malpractices.
PayPal
is planning to educate the account holders on the basic crypto ecosystem. New users can brush up their know-how on the risks and prospects associated with it.
is planning to educate the account holders on the basic crypto ecosystem. New users can brush up their know-how on the risks and prospects associated with it.In past, top-notch crypto exchanges have burnt their fingers over the security aspects. They have encountered cyber-attacks from hackers. The hackers try to get into internal networks to ransom users’ digital currency.
PayPal is offering non-custodial service to users. Users can transfer their cryptocurrency to other platforms. They can also withdraw and use currencies for all kinds of payments.
Bottom-line
Experts hold different opinions on the security issues about PayPal’s move. Some argue that virtual currencies are volatile and unregulated. Smallholders may face security issues when they navigate their holding between exchanges. Others opine that the security issues will be always there as it is in fiat currencies. The account holders can address these issues only by cautious transactions. We have to wait and watch how PayPal is managing their crypto affairs.
November 5, 2020
Cryptocurrency is marching ahead with its popularity as a secure, fast, digital currency. It is attracting attention from investors, businesses, and others concerned. It is blooming with full force now and seems to carry on in the coming days. Some critics blame it on tax evasion, illegal transactions, and other misuses. Besides, it has been getting more acceptance in recent days. DBS is the largest bank in South-East Asia. It is planning to launch a Cryptocurrency Exchange. Yes, another big name jumping into the crypto market.
In recent times, several big names have started using Cryptocurrency. After the Robinhood trading app and Square, we saw the entry of PayPal into the crypto market. Last month, Toyota Systems tied up with DeCurret. The Japanese cryptocurrency exchange has collaborated to develop a branded 
Toyota digital currency. Later, we saw the entry of Cashaa. It is a reputed UK-based banking platform. The United Multistate Credit Co. Operative Society of India was another big entry in the digital currency market. Also, the DBS bank’s decision has advanced the argument. Cryptocurrency is going to rule the financial world of the future.
Toyota digital currency. Later, we saw the entry of Cashaa. It is a reputed UK-based banking platform. The United Multistate Credit Co. Operative Society of India was another big entry in the digital currency market. Also, the DBS bank’s decision has advanced the argument. Cryptocurrency is going to rule the financial world of the future.DBS Bank
The DBS, headquarters is in Singapore. It is a leading commercial bank with a unique set of financial services. There is news that DBS could deal with bitcoin, ethereum, and bitcoin cash. The total asset of the bank is more than 551 billion Singapore dollars. It has a presence in 18 locations around the world including six locations in Asia. The last year earning of the bank was $3.18
DBS Cryptocurrency Exchange.
DBS Digital Exchange is the name of the planned cryptocurrency exchange. It will deal with crypto assets like
bitcoin (BTC), ether (ETH), bitcoin cash (BCH), and XRP. Besides, the exchange will offer trading services for fiat currencies as well. It will also have Security Token Offerings and Digital Asset Custody.In general, digital exchanges hold digital assets. But DBS Digital Exchange will keep digital assets safely in the DBS Bank. DBS Digital Asset Custody will ensure the safety of the digital assets of customers. This aspect would attract customers as enhanced institutional security.
The DBS Announcement, Denial, and Expectations
The Monetary Authority of Singapore will regulate the functioning of the digital exchange. DBS is waiting for the green signal from the Monetary Authority of Singapore. Till then it has held up its official announcement.
Conclusion
DBS recognizes that digital assets are emerging as future currency. But, it has its bank-backed digital currency exchange. This would compete well with the other digital exchanges of the world. It is a very big financial entity in the Southeast Asian region. It is also, the best bank in the world. In conclusion, the launching of the DBS Digital Currency Exchange would redefine the cryptocurrency landscape.
November 2, 2020
Cryptocurrency has been in the limelight in the last few months. We saw corporate giants like Square, Robinhood, and Paypal embrace the digital currency. Besides, we saw Singapore’s DBS bank jump into the cryptocurrency market. A few days ago, the value of 
the cryptocurrency has left gold and silver behind. It has now become the most popular investment avenue in the world. Bitcoin has also crossed the $14,000 (a 33 month high) mark on October, 31. Interestingly, it’s the same day on which Satoshi Nakamoto released its whitepaper way back in 2008.
It is noteworthy that the Reserve Bank of India (RBI) had banned cryptocurrency in 2018. This was due to some incidents related to financial fraud. Latter the crypto-enthusiasts had taken the matter to the Hon. Supreme Court of India. In March 2020, the apex court, through a ruling has allowed the digital currency
The Tie-up
The crypto-centric Cashaa and The United Multistate Credit Co. Operative Society tie-up has sent a positive vibe among the crypto community. Their joint venture is UNICAS. UNI from the Credit Cooperative Society and CAS from Cashaa. UNICAS is planning for the first crypto-friendly financial institution of the world. It will have physical branches for handling operations. Thus it will be the first financial group that would operate both online and offline. It is a very unique step taken by the team to deal with the virtual currency.
Cashaa is a reputed UK-based banking platform that deals with cryptocurrency. Besides, Cashaa is the trading name of Cashaa Technologies Limited. It is a UK registered company. It was among the top 50 emerging FinTech companies in the world. In recent months, Cashaa has become the world’s first global crypto-friendly banking system. After the UK, Europe, and the USA, it is now eyeing the Indian market.
The United Multistate Credit Co. Operative Society is a financial business having a good presence in Rajasthan, Delhi, and Gujarat. It is a Multistate Credit Cooperative Society. Before entering into the crypto world, the Cooperative Society had been offering different financial services. This include the likes of Mahila Shakti Bond, 
Kishan Bond, Pension Plan, and Education Bond. The cooperative society has a very good presence in Rajasthan, Delhi, and Gujarat. The society has 16 branches spread across these states. The total number of customers of the society is 56,000.
The Highlights of UNICAS
- Customers will become interested in their crypto deposits (in the same cryptocurrency as the deposit)
- Provision of loans against cryptocurrency
- Customers can open crypto savings accounts
- Customers can move and store cryptocurrencies directly into their accounts.
- Payments are also made possible through cryptocurrencies.
- The account holders can transact cryptocurrency. They can do it online or at physical branches.
Conclusion
In conclusion, cryptocurrency is marching ahead irrespective of economic crisis and COVID 19 situation. Gradually, it is being accepted by many top-rated global brands and several financial institutions. Awareness about the advantages of cryptocurrency among commoners has been increasing. Considering the potential of such a big market in India, this tie-up i.e. UNICAS will reign the crypto market and redefine it in days to come.
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