In Liechtenstein Bank Union Bank AG announced its intention to become the world’s first licensed financial institution, which will release its own security tokens, and then provided with Fiat currency such as the Swiss franc, the cryptocurrency, Union Bank Payment Coin (UBPC).
“Secured Fiat currency critobulus Union Bank Payment Coin has the potential to radically change the approach to international trade and international cross-border transactions… In the future of the Union Bank AG will become a provider of one-stop solutions in the field of cryptocurrency and blockchain technology, applying and integrating the new world of the blockchain and scriptactive and best practices of traditional banks”, – explained in the Union Bank.
These steps are part of a plan to transform Union Bank into a “universal investment a blockchain-Bank”. Assistance in translation of all business processes of the Bank on the blockchain he will have the company Verum Capital AG.
We will remind that last week a joint venture Binance and Liechtenstein Cryptoassets Exchange (LCX) announced the launch in Liechtenstein cryptocurrency exchanges, which will offer users trade in pairs key crypto-currencies to the Euro and the Swiss franc.