Globcoin Q3–2019 Update
As the year advances, new use cases and partnerships take us closer to our mission: giving the World a stable currency that offers financial freedom beyond the limits of a single currency or a single country. And as we enter the last trimester of 2019, we want to tell you what we’ve been up to and why are we so excited:
Enabling donations in cryptocurrency
Our partnership with Kenya-based NGO Learning Lions makes it now possible to donate to the future of Africa in only 3 steps. This is one of the first NGOs in Africa to accept donations in cryptocurrency; and not just any cryptocurrency but GLX: a stablecoin backed by a global currency basket. GLX donations will be used to welcome more students in the Basic and Advanced Training as well as bigger projects like the construction of the ITC Center, a campus in Turkana where they expect to host 200 students and to offer them accommodation, offices, and services like health and nursery.
The team is excited to step foot in Africa hand in hand with Learning Lions!
Learn more about the donation process
Read about Africa’s digital future and how you can participate
United Nations, Swiss Leaders and London Blockchain Elite
The Autumn campaign started strongly and the team is getting the message out there in the relevant circles. Globcoin CEO Helie d’Hautefort was at the #Blockchain4Impact event hosted by the United Nations in Geneva. Helie also hosted a presentation at the Swiss Leaders Dialogue where he talked about the benefits of stablecoins as a means of payments and the added value of a multi-currency backed payment token like GLX, with real use cases.
In London, Globcoin CFO Linda Leaney was also in a mission: representing the most diversified stablecoin in London’s blockchain scene. She was able to do so at Blockchain Live and the Crime Symposium #37, where she took part in the discussion about regulations in the crypto landscape.
GLX deployment 1st anniversary!
It’s been a year since we first announced that the GLX’s is alive and kicking on the Ethereum Blockchain! and pretty soon we will be celebrating GLX first birthday as the only stablecoin backed by a currency basket listed on a crypto Exchange. In these first 12 months we have achieved many milestones and signed many partnerships. Stay tuned for more!
It’s also been 9 years since our CEO first talked about a currency basket
The Financial Times published an interview with our CEO Helie d’Hautefort in October 2010. Back then, his company Overlay Asset Management was launching a “virtual world reserve currency”, consisting of the currencies of the world’s 15 largest economies, weighted by their gross domestic product, adjusted for purchasing power parity. (Sounds familiar?)
Globcoin on the radar
The CFA Institute, the prestigious global association for investors, published in August 2019 a paper by Globcoin partner Giuseppe Ballocchi entitled The Libra Project: A Timely Wake-Up Call? where he explains how Facebook’s idea is not really new: The team behind Globcoin was on the case many years ago and made it a reality in 2018. Globcoin was also featured in Chinese news and was mentioned in the European Central Bank’s paper In search for stability in crypto-assets: are stablecoins the solution? and this article analizing how in 2019, a stablecoin is the most popular cryptocurrency — not Bitcoin.
The most diversified stablecoin out there
GLX is the only live stablecoin linked to a currency basket. While other players in the field insist on being pegged to one single currency or asset class — we know that the key to stability is diversification. And we didn’t design our diversification model randomly or on a hunch. A team of currency management professionals are closely and constantly looking at the currency distributions inside our currency basket. Learn more about it here.
Partnership opportunities
After listing GLX on Lykke against USD, EUR, BTC and USDT and InstantBitex with more than 100k traders and fulfilling three important usecases as a means of payment for FintechDaily, for e-commerce around the World and as the best donation means for NGOs; The Globcoin team is actively looking for partners in different regions of the World to develop currency solutions, cross-border payments and B2B projects.
If you want to partner with us, or know someone who you would like to suggest, don’t hesitate to contact our business developement team at partners@globcoin.io. We’d love to hear from you.
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