Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: newshunter on January 23, 2020, 01:01:00 PM

Title: Singapore Gov’t, Mastercard and Mitsubishi Form Alliance to Digitize Trade
Post by: newshunter on January 23, 2020, 01:01:00 PM

Singapore Gov’t, Mastercard and Mitsubishi Form Alliance to Digitize Trade

A new alliance of the Singapore government and 16 major trading and manufacturing firms — including Mastercard and Mitsubishi — aims to digitize international trade

Source: Singapore Gov’t, Mastercard and Mitsubishi Form Alliance to Digitize Trade (https://cointelegraph.com/news/singapore-govt-mastercard-and-mitsubishi-form-alliance-to-digitize-trade)

Would appreciate your opinion about this

Title: Re: Singapore Gov’t, Mastercard and Mitsubishi Form Alliance to Digitize Trade
Post by: Senin on January 24, 2020, 06:20:57 AM

Very interesting information that allows you to bring cryptocurrency and the use of blockchain technology to a whole new level of their adoption and distribution among trading institutions and organizations of various forms of ownership.
The Singapore government has actually begun to develop common rules for trade and business that will replace the current use of paper documents in digital transactions. Here, it is completely necessary to change the national laws of the participating states and consolidate the use of digital technologies in business. This will greatly simplify the implementation of cryptocurrency in business, since the creation of cryptocurrency is still clearly not enough for its use by business structures.