The Korona development team introduced the Hungarian cryptocurrency Korona. The developers say it will be different from pseudo-currencies, which are not suitable for real transactions.
The new cryptocurrency Korona was presented over the weekend in Budapest at an international press conference. According to the developers, the new payment method will be the cheapest for cross-border payments.
The Korona cryptocurrency, based on blockchain technology, was introduced by the Korona development team led by Jean-Marc Stiegemeier, a former Wall Street financial advisor. Korona will launch on March 26 in Switzerland, reports the Budapest Business Journal.
Part of Korona's business model is a specialized banking and payment platform that will operate under the supervision of Swiss financial authorities. The platform will also feature an online marketplace where merchants can upload their products and services. According to the business model presented at the press conference, Korona will allow customers to find the best deals around the world.
According to bbj.hu
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