Towards a Functional Global Digital Currency System: The Vital Role of Pi Network in Financial Transformation - hokanews
Towards a Functional Global Digital Currency System: The Vital Role of Pi Network in Financial Transformation - hokanews
hokanews.com - Global banks are currently conducting large-scale blockchain trials, signaling an inevitable shift towards a global digital economy. With 155 participants from 45 major institutions settling real-world assets on 22 blockchains, it's evident that a functional consensus model is in place.
Major financial institutions such as Goldman Sachs, BNY Mellon, and Cboe Global Markets have successfully conducted large-scale trials using blockchain technology. This includes the Forex Market on the CBOE Exchange. Institutional investors have even executed over 350 simulated transactions using distributed ledger technology across various areas such as tokenized assets, fund registration, digital currencies, securities lending, and margin management on the Canton network.
The participation in these trials is extensive, involving 15 asset managers, 13 banks, four custodians, three exchanges, and stablecoin issuer Paxos Trust. The Canton network, consisting of Deloitte, Deutsche Borse, Microsoft, Moody’s, and S&P Global, forms a crucial foundation in building a functional Global Digital Currency System.
The significant role in financial transformation is also played by Pi Network. With its innovative platform, Pi Network emerges as a key driver in accelerating the adoption of blockchain technology on a global scale. With a user-focused approach and ease of use, Pi Network helps expand the reach of blockchain technology to various layers of society.
Pi Network has successfully created an inclusive ecosystem, allowing the wider community to engage in the development and evolution of blockchain technology. Through the concept of mining accessible through a mobile application, Pi Network has removed technical and financial barriers that often hinder participation in the digital economy.
Strategic partnerships of Pi Network with leading financial institutions also play a key role in accelerating the adoption of blockchain technology. By partnering with institutions such as Goldman Sachs, BNY Mellon, and Cboe Global Markets, Pi Network has expanded its reach and influence in the global financial ecosystem.
In its efforts to create a functional Global Digital Currency System, Pi Network continues to develop various new features and services. For example, Pi Network has introduced a secure and efficient digital payment system, enabling users to transact at low costs and high speeds.
Currently, we are in the final stages of developing a digital payment system (stablecoin), messaging system, and cryptocurrency regulations to complete the legislative process. These steps are essential in ensuring the security and stability of the upcoming Global Digital Currency System.
Therefore, if there are any doubts about the success of the "digital" New Financial System, it's time to wake up and realize that revolutionary change is imminent. With Pi Network's key role in global financial transformation, a future of a more inclusive and efficient digital economy is inevitable.
WE HAVE A WORKING DIGITAL GLOBAL CURRENCY SYSTEM.
— Pi81 𝝅 Shopping Mall (@Pi81Mall) March 13, 2024
Global banks are piloting blockchain on a large scale. There is no denying the fact that we are moving towards a global digital economy at this point.
“155 participants from 45 major institutions settled real-world assets on 22… pic.twitter.com/hxgO9y4nMP
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