THELOGICALINDIAN - The government of the British Virgin Islands BVI is about to advertise the capacity of its own agenda bill The activity is developed in affiliation with blockchainoriented startup LIFElabsio
BVI’s Digital Currency to Replace USD
More governments are axis to proprietary agenda currencies over the aftermost year than anytime before. China and the Marshall Islands are some acceptable examples. Now it’s time for BVI to accompany the trend. The British territory, which is a accepted adopted destination, is hosting the BVI Agenda Economy appointment today. The accident gathers over 100 stakeholders that will advice the archipelago move to become a agenda hub.
At the symposium, BVI and LIFElabs.io will present accordant capacity of the government-backed agenda bill alleged BVI~LIFE.
For about 60 years, BVI has acclimated the US dollar as its civic currency. Now the government is alive on a stablecoin powered by LIFEtoken. The bill will be called to the USD with a arrangement of 1:1. When it goes live, the agenda bill arrangement will cut transaction fees, access transaction speed, and ensure clamminess for both association and tourists.
LIFElabs.io CEO Sanjay Jadhav commented:
LIFElabs Develops Emergency Fund and Blockchain Platform
Besides the civic currency, BVI will accept an emergency armamentarium and a Platform-as-a-Service (PaaS) that relies on blockchain.
LIFElabs is alive on a Rapid Cash Response (RCR) armamentarium that will accommodate aid in the case of a civic emergency. For example, two years ago, Hurricane Irma hit BVI, causing $3 billion in damages.
LIFElabs CMO David Pugh-Jones explained:
BVI’s PaaS will absorb blockchain solutions, including peer-to-peer transactions, merchant services, and cross-border payments, into a distinct belvedere accessible to all businesses operating in BVI.
What do you anticipate about BVI’s civic agenda currency? Share your thoughts in the comments section!
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