cryptocurrencies

Earlier this month, the Bank of England issued a working paper, laying out various scenarios of possible financial risks and instability issues of using a centralized bank digital currency. The report found that in the scenarios described, there was no reason to believe that adopting a CBDC would negatively impact private credit or total liquidity provision to the economy. ➖➖➖➖➖➖➖➖➖➖➖➖ 🤔Would you use a CBDC? ➖➖➖➖➖➖➖➖➖➖➖➖ 🗣Let us know in a few words! ➖➖➖➖➖➖➖➖➖➖➖➖ 😎Follow @sharecrypto ➖➖➖➖➖➖➖➖➖➖➖➖ #bitcoinmining #bitcoin #bitcoins #crypto #cryptocurrencies #hodl #altcoin #altcoins #ico #cryptonews #xrp #xlm #bittrex #binance #kucoin #xvg #cryptotrader #cryptotrading #blockchain #bitcoinsallday #bitcoinwallet #bitcoincash #bitcoinprivate #cardano #ethos #verge #zcash #decentralized #litecoin #sharecrypto

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Escrow accounts allow to make protected transactions between two or more parties with the independent confirmation from the agent ensuring compliance with the terms of the transaction. CRYPTOCEAN acts simultaneously as an intermediary agent that guarantees the fulfillment of the terms of the transaction, and as a payment system that provides funds transfers. The service is provided together with partners - banks and payment systems. Within the framework of the service, it is envisaged to carry out traditional bilateral transactions on the exchange of the cryptocurrency or the exchange of the cryptocurrency for the non-cash fiat money. The service guarantees that upon completion of the transaction, both parties will exchange funds, or receive their funds back, if one of the parties fails to comply with the terms of the transaction. The presence of partner banks in the chain makes it possible to conduct more complex transactions in which cash in the fiat, bank cells, shares, precious metal bars and any other types of assets with which partner banks operate can be involved. For such transactions, the service provides a "Transaction Designer" that will allow to see and to agree on the terms of the transaction, to monitor the process of their implementation by the parties, to generate a smart contract that secures the implementation of the agreed terms. Transactions are structured in such a way that first the fulfillment of obligations by the each party is checked (the availability and access of the money on accounts, the cash deposits and other assets), then exchanged assets are transferred to the escrow service (guarantor) and partner banks, and only upon receiving confirmation from that all the terms of the transaction have been fulfilled, the final settlement and closing of the transaction are carried out. #cryptocurrencies #token #invest #preico #investor #bitcoin #bitcoiner #tokens #Ico #blockchain #coin #Etherium #ecosystem #servic #technology #finance