📣 #BankSocial at #Davos: The Future of Global Finance
Our CEO, John Wingate (@PresidentHODL) represented BankSocial in high-level discussions on international bank-to-bank settlement, cross-border payments, and decentralized liquidity.
💡 Key Takeaways:
🔹 Multi-chain bank settlements & private bridges
🔹 AI & distributed ledgers leading global finance
🔹 #Hedera -powered cross-border transactions
🔹 Conversations with UAE leadership, African heads of state & European Central Bank officials on piloting international settlement solutions
The question is no longer “What is this?” but “When & how do we start?” 🌍
#BankSocial #Web3 #DeFi #Crypto #FutureOfFinance #InternationalPayments #Davos2024
In a simple elaboration:
- $VET - assets to secure the network
- $VTHO - Gas Fees
Correlation - staking VET to get VTHO as rewards
$B3TR is value carrier of the 100% fair launch DAO as the financial foundation of sustainability ecosystem - https://t.co/Z3x6zq2F9R
Hedera (HBAR) is now available for custody on Coinbase Prime! https://t.co/U7xlCjUvmw.
Availability of this asset may be restricted based on custodian entity and customer jurisdiction.
Congratulations to the entire Algorand Technologies' Engineering Team for this massive achievement!
We are proud and thankful for all the months you spent heads down to deliver on this HERCULEAN effort. WELL DONE!!! GO ALGORAND!!!
Thanks to @hedera for this sponsorhip, and @trustchainlabs for organizing this amazing event.
We founders are deeply thankful to our community of holders and friends, together we've built something unique.
More snippets of the event will be shared soon, enjoy the preview.
🚨 Major Announcement 🚨
HSuite Enterprise: Evolution of Smart Node Technology.
In line with the original vision of the HSuite founders, we’re excited to announce the launch of the HSuite Enterprise Group initiative. (1/9)
🚨 Potentially HUGE for $HBAR!!!
Most people don’t know this, but the DTCC and $HBAR are currently exploring processing $QUADRILLIONS per year on Hedera!!! 🤯
🤔 What is the DTCC❔The Depository Trust & Clearing Corporation is one of the world's largest securities depositories and a key player in post-trade market infrastructure.
💸The DTCC acts as the middleman that ensures that when you buy or sell stocks, bonds, or derivatives, the transaction is completed smoothly and securely.
⚡️Why Hedera? DTCC has chosen Hedera Hashgraph due to its unique capabilities like high transaction throughput, low latency, and cost-effectiveness, which are vital for handling the high volume of transactions in financial markets.
Ħ - DTCC is looking at using Hedera's DLT for projects like asset tokenization, where traditional securities are converted into digital tokens. This can significantly reduce settlement times, enhance transparency, and cut operational costs.
💥 Potential Transaction Volume is INSANE!!! 🤯 🤯 🤯
💲The DTCC processes transactions worth $TRILLIONS of dollars annually. For instance, in a recent year, they handled transactions with a notional value exceeding $2.1 QUADRILLION.
🤩 If a portion of these transactions moved to Hedera's network, it would imply a massive volume for HBAR. 📈
What does this mean for $HBAR?
🔥 With more transactions on Hedera's network to service DTCC's operations, there would be an increased demand for HBAR, the native cryptocurrency used for transaction fees. This could naturally lead to a higher valuation of HBAR due to increased utility and potential scarcity. 🚀
🏦 This partnership could propel HBAR's price if institutional adoption accelerates. We know ETF Applications have been made and more are rumoured! 😜
If (more like WHEN, imo 😉) this is confirmed this will be an absolute GAME CHANGER for Hedera!!
Stay tuned and FOLLOW me for updates! 😎
If you found this interesting please repost for others to learn! 🙏
The future is built on Hedera!
🚀 🔥 💵