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
You May Also Like
The Impact of Cryptocurrency and China on the Peaceful Island Presidency
On Monday, November 12, following political debate over the issue of cryptocurrency and China's alleged plan to seize the coral island of Rongelap, parliament voted to declare a vote of no confidence in the President of the Marshall Islands, 67-year-old Hilda Hein, the only female president of the Pacific region. However, the votes were divided 16/16, and the president's opponents lacked one vote to achieve their goal.
Naples will launch its own cryptocurrency
The mayor of Naples wants to launch an autonomous municipal cryptocurrency as a counterweight to the “rotten euro” in order to free himself from Northern control over the southern cities of Italy.
