“Crypto Currencies/ Digital Assets & Block-chain/ Distributed Ledger Network may be the future; like introduction of the Internet 25 years back and hence, the financial ministry along with the banking bureau is constructively framing directives for its optimum and permissible practice as the current status is still not legal nor illegal in Malaysia” sources.
Malaysian lender CIMB Group Holdings Bhd. is signing on to the cross-border payments network run by block-chain technology firm Ripple, the two companies said Thursday.
Ripple’s technology will be used in CIMB’s SpeedSend remittance product, according to a joint press release. SpeedSend is available in various Southeast Asian markets, including the Philippines, Vietnam and Thailand, according to its website. Japan, Cambodia and India can also participate in second round.
The financial services industry is increasingly experimenting with the technology underlying cryptocurrencies. Earlier this year, Ant Financial and Standard Chartered Plc introduced a blockchain-based remittance service between Hong Kong and the Philippines.
Tengku DatukSeri Zafrul Aziz, CEO, CIMB Group said Ripple’s blockchain-based solution has been deployed to enhance Speedsend, CIMB’s proprietary remittance product & this innovative blockchain solution would revolutionize international cross-border remittances and introduction to crypto space to untapped market legally.
The Bitcoin & Altcoins market has plummeted drastically as the new Bitcoin Cash Hard forks are demolishing the territory in reign for power. ABC is comforted by the miners and developers while SV is the traders’ favorite.
The battle may continue for a few more days zest we see recovery signs. Well, the rabbits are seeking additional burrows to hide in this scenario and there is no promising tool to console. Tough times. Aaarrghh!
However, like the light at the end of the tunnel (old school) is BIOONLINE. The Singapore based global conglomerate is successfully leaping towards its ICO and increased above 3% during the current crash. As a leading investment and broking firm in India reads, ‘Sit Tight, Invest Right’. Well, is this what they might be indicating invisibly? An excerpt from the authors’ shelf is attached below.
Bio Estate Solutions Pvt. Ltd. is into construction and real estate business since 1999 and officially registered the entity in 2008. Since, 2014 our Chairman & Managing Director C.A. Shivaji Walake has been deep-rooting rigorous assessment into the Digital Assets genre and have envisaged a unique asset backed crypto currency termed as BIOCOIN. This novel establishment has been headquartered in Singapore with international business guidelines and registered in India, Nepal, Sri Lanka, Thailand, Malaysia, Cambodia and Mauritius.
‘BIOC’ is a crypto-coin, quite similar to Bitcoin(BTC), Ethreum(ETH), Ripple(XRP), Steller (XLM), Neocoin(NEO), etc etc etc. You can store, trade, transfer, utilize and possess this asset digitally. BICOIN is one of the only coins that have been backed by actual real estate value worth over USD 770 million (official government valuation as on October 2017). We can easily consider overall value above USD 800 ml as on November 2018.
The BIOCOIN was launched last year at $01 and had reached $04 during Private Sale. After the launch of White Paper (Legal Manuscript & Prospectus) in March 2018, it has been and shall be steadily rising till the end of Pre-Sale on 31/12/2018. The company goes public and launches it’s Initial Coin Offering (ICO) on the 10th January, 2019($13) till 10th April, 2019($15). The coin is supposed to be listed anytime post the completion of ICO and before 30th April, 2019.
They possess humungous land bank and upcoming projects in and around Bombay, Maharashtra, North India, Gujarat and Goa. The CMD also owns The Royal Goan Turf Club (worth over USD 200ml) and has generously associated it to the company capital. The company not only have investments in Hospitality in Sri Lanka and Thailand, but also are on the verge to acquire land for dedicated cargo airbase in Cambodia in a JV with Alibaba, Amazon and couple of others.
Now, leaving all jargons behind and comprehending with example calculatedly… Think like you are a shareholder of this company and the company is remitting shares in Coins instead of Stock holdings. This eradicates a huge commission base to the Banks, custodians, exchanges, the brokers and primarily the time consumed. The company’s base price per coin is fixed @ $15 when calculated vis-à-vis its market capital, number of supply and the intrinsic value. The roadmap, projections, provisions and future estimation makes this coin price conservatively move towards $40/$50 by EOY2020 and maybe $100++ the following year.
This is a sleeping Giant. Do-not touch it for 2/3 years and reap mind boggling rewards. The minting riot has just begun. History is already made. Let’s Ride The Revolution.
