SameUSD in Banking

1. Stablecoins in Banking: SameUSD as a financial tool Stablecoin transactions offer banks the much-needed fast and efficient payments through decentralized technologies. SameUSD as a stablecoin can provide banks with the efficient payment mechanisms offered by cryptocurrencies and the stability of fiat currencies. Why are banks considering cryptocurrencies? • Banks can use blockchain technology as a private or public distributed ledger. Some banks have already deployed blockchain technology to improve the present scope of inter-bank transaction processes. SWIFT for example. Cryptocurrencies such as Bitcoin and Samecoin can be used in banks as investment vehicles. Banks can tokenize loans and take advantage of traceable blockchain technology to sell and track loans. Digital assets such as SameUSD, Bitcoin, and Ethereum can reach a worldwide market without converting into different local currencies every time. • • • • Possible impact of SameUSD on banking Many crypto assets have since lacked the much-desired stability feature that has been well addressed by the SameUSD stablecoin. • • Legal and oversight challenges are the most common hurdles faced by stablecoins. • Lack of transparency regarding reserve assets reportedly backing the issuing of stablecoins is the major issue. • SameUSD displays a high level of transparency about its reserve assets. • SameUSD is backed by a reserve of a basket of several stablecoins that are, in turn, pegged directly to the US dollar. • Enough diversification ensures a cushion and stability. • SameUSD’s value will remain stable notwithstanding market conditions. Stablecoins, such as SameUSD, offer the right balance between cryptocurrencies and fiat. Banks can use this feature of SameUSD to scale up and penetrate international markets. Join An Ecosystem. A Real One. facebook.com/SamecoinCom twitter.com/SamecoinCom t.me/Samecoin samecoin.com