Follow us on or join ours

London Block Exchange, in cooperation with AlphaPoint, intends to launch the world's first stablecoin cryptocurrency GBP-Peg (GBPP) linked to the British pound (GBP). Investments will be at a 1: 1 ratio and funds will be well secured in UK bank accounts.

Stablecoin British Pound GBP-Peg (GBPP)

London Stock Exchange London Block Exchange is a trading venue for a large number of cryptocurrencies, taking into account the specificity of the British market. Cooperation with AlphaPoint covered the entire process of elaborating and putting into circulation the first ever British pound in the stablecoin crypto named GBP-Peg (GBPP).

The presence of cryptocurrencies from the stablecoin category on the market is primarily aimed at stabilizing the high volatility of prices on digital markets. In most cases, the value of such cryptocurrency is determined based on traditional currencies or market values ​​of precious metals.

Yet stablecoins they were mainly associated with the US dollar and the euro. From now on they will also be associated with British pound - the official currency of Great Britain. Everything indicates that it will be another step towards the development of the digital asset market.

The turnover of GBPP will be concentrated around a specially established bank account, on which pounds will be accumulated, representing 1: 1 by GBPP. It is estimated that the new cryptocurrency will increase the popularity of the use of other digital currencies, and it will provide numerous benefits for investors by increasing the liquidity of transactions.

Stablecoins also sees prescriptions for stabilizing the digital asset market, which, according to some enthusiasts of the solution, even predicts that the government will soon reach for a solution. And although it is a fairly courageous vision, it can not be denied that digital technologies, with particular emphasis on Security Token Offering, have wider and wider application around the world.

5 / 5 - (2 votes)

Tokeny.pl is a cryptocurrency site run by a crypto team of enthusiasts. The main area of ​​our interest are cryptocurrencies, tokens, personal tokens as well as blockchain technology. On the pages of our website we will present independent cryptocurrency reviews and interesting articles from the market. In addition, we present the current rates of all critics. The site also has a multi-functional cryptocurrency calculator as well as traditional currencies.

The information published on the cryptocurrency tokeny.pl website are not financial recommendations and do not constitute investment recommendations within the meaning of the Regulation of the Minister of Finance of 19 October 2005 on information being recommendations regarding financial instruments, their issuers or issuers (Journal of Laws of 2005, No. 206, item 1715). The information published on the pages of the portal does not constitute an offer. Tokeny.pl is not responsible for any decisions taken under the influence of data presented on the Website. Portal does not bear any responsibility for the possible use of information on the website.

Investments in OTC market instruments, including currency exchange rate (CFD) contracts, due to the use of the leverage mechanism, entail the possibility of incurring losses exceeding the value of the deposit. It is not possible to make a profit on transactions on OTC instruments, including currency exchange contracts (CFDs) without risking a loss, therefore contracts for exchange differences (CFDs) may not be suitable for all investors.

© Copyright 2019 Tokeny.pl

My Newsletter

Sign Up For Updates & Newsletters