China has just launched the petro-yuan, a gold-backed currency directly challenging the US dollar signaling the beginning of the end of the American greenback
In a massive move against the global dominance of the U.S. dollar, China’s highly anticipated Petro-Yuan has been launched in Shanghai. With China being the world’s largest consumer of oil, this new currency is an international game-changer that was a predicted move by China to directly compete—and subsequently devalue—the US dollar.
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Hong Kong crypto banking & asset exchange expert, and , a private bank of blockchain assets, have announced a strategic partnership agreement. Coinsuper and BitUN will join to strengthen long-term cooperation across all trading and customer services and integrate both parties’ advantages on technology, products & services, platform resources and others, jointly expanding the global blockchain asset market.
Coinsuper is building a preferred, expanding list of cryptocurrencies based on qualified, separate public chains, aimed at providing a greater choice of cryptocurrencies to investors. In linking with BitUN’s cross-chain storage network, it can now offer cryptocurrency storage services well. Coinsuper will adopt BitUN’s multi-layer technology solution for hot and cold wallet separation, ensuring investor transaction and digital asset security.
Coinsuper will adopt BitUN’s network technology to enhance users’ assets transferring procedure and efficiency. This technology provides fast and secure cross-chain asset clearing and settling to shorten the time between currency deposit and withdrawal to milliseconds.
The two companies plan to connect their platforms, enabling users from either platform to withdraw and exchange digital currencies in a speedy and barrier-free environment, without the complexities of re-registration and identity verification. This facilitates the initial steps for institutional investors to participate in the blockchain and cryptocurrency space, while the benefits for individual investors will be in reduced administrative fees.
Kenny Shih, Executive Director of Coinsuper, commented: “We’re excited to partner with BitUN to provide our clients with a novel and more versatile platform. Our clients will enjoy a more efficient, secure and precise experience with the ever-changing cryptocurrency market. Coinsuper will continue to take the lead to drive a safe, stable, healthy and efficient development of the industry,”
