Jubilee and Digibank announces joint intention to explore blockchain powered solutions
Summary
The birth of Bitcoin in 2008, and the introduction of blockchain technology, a way of creating a distributed common ledger that is both secure and decentralized, has opened up a new paradigm to which transactions can be made.Cryptocurrencies – tokens representing all forms of value and backed by the blockchains decentralized model, have become increasingly popular as a mode of transaction for cross border transfers.DigiBank armed with its 3 comparative advantages – full digitalization, faster processing speed and lower transaction cost – provides peer to peer banking and financial services such as personal deposit and withdrawals, international remittances, FIAT and cryptocurrency trading, etc as well as wealth management services such as micro-financing, business loans, project crowdfunding, etc.The global number of high-net-worth individuals (HNWIs) grew by 7.5% to 16.5m last year, according to the 2017 World Wealth Report by Capgemini, a consulting firm.HONG KONG, Jan. 2, 2018 /PRNewswire/ -- In December 2017, an offshore bank sited in the Commonwealth of Dominica – Digibank officially announced entering into a strategic partnership with Jubilee Fintech Holdings Limited.