China’s nationwide blockchain project, the Blockchain Service Network, or BSN, will be integrating stablecoin support in 2021.
Yifan He, CEO of Red Date Technology, a major tech company involved in the BSN development, told Cointelegraph that the project will soon start integrating stablecoins.
Piloted in late 2019, China’s BSN is a state-backed initiative that intends to support medium-sized businesses in building and deploying blockchain applications.
The exec explained that stablecoins will be used as payment for various services on the BSN ecosystem, including cloud resources. “Only stablecoins can make it much easier, quicker and safer,” the executive noted.
Comments
Great article bro
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Interesting, Major Countries are beginning to Adopt the usage of Crypto.
Nice article dear
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Wow, thanks for sharing the details
Mass adoption is inevitable and I was expecting a move from Russia rather than China 😌
Well, if the cryptocurrency will be adopted and used as a mode of payment it should be a stable coin it safer from volatility and fluctuations.
Exactly
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