- Crypto market cap: USD 1.17T,? down 1.63%
- BTC price stands at? USD 30,109.92, down 1.09%
- ETH price stands at? USD 1,851.52, down 2.79%
- Top gainer: eCash(XEC), up 14.49%
- Top loser: Fantom(FTM), down 10.48%
- The Circles network is built on blockchain technology and aims to provide an alternative to traditional financial systems that are often exclusive and inaccessible to many people. The network enables users to create their own tokens, which can be used as a form of currency within the Circles ecosystem. These tokens are distributed through a UBI model, where every member of the network receives a fixed amount of tokens on a regular basis.
- One of the key benefits of Circles is its focus on inclusivity. Unlike traditional financial systems, which often require users to have a certain level of wealth or access to credit, Circles is designed to be accessible to anyone with an internet connection. This makes it particularly appealing to people in developing countries or those who have been excluded from traditional financial systems due to poverty or other factors.
- Another advantage of Circles is its decentralization. The network is not controlled by any central authority, which means that there is no single point of failure or vulnerability. This makes it more secure and resilient than traditional financial systems, which are often vulnerable to fraud, hacking, or other forms of attack.?
Brief introduction: wCBDC, or Wholesale Central Bank Digital Currency, refers to a form of digital currency that is issued and backed by a central bank, and is designed for use by financial institutions and other wholesale market participants
- The wCBDC network is designed to allow banks to exchange digital currencies with each other in a secure and efficient manner. The system uses distributed ledger technology (DLT) to ensure that transactions are transparent and tamper-proof, while also providing real-time settlement capabilities.
- One of the key benefits of the FedNow Service is its potential to reduce the risk of fraud and other forms of financial crime. The system uses advanced cryptography and other security measures to ensure that transactions are secure and tamper-proof. This will help to protect consumers and businesses from fraud, hacking, and other forms of cybercrime.
- Another advantage of the FedNow Service is its potential to improve financial inclusion. The system is designed to be accessible to all banks and financial institutions, regardless of size or location. This means that even small banks in rural areas will be able to access the same level of payment processing as larger banks in urban areas.?
Aspen Digital is a leading technology and financial services company with a mission to accelerate the mass adoption of digital assets. The company provides a digital asset management solution for asset managers, institutions, and sophisticated investors. Aspen Digital was co-founded by digital assets innovators and asset management veterans at Everest Ventures Group (“EVG”) and TT Bond Partners (“TTB”) in 2021.
For more information, visit https://www.aspendigital.co/?
If you would like to know more, please sign up here.
