Background
The HWG will issue stablecoins on the everiToken Public Chain. The two companies will also work together to develop a new digital currency payment ecosystem with worldwide reach. As a group, Ho Wah Genting Group’s business interests cut across a wide range of sectors. For instance, aside from the industries already listed above, HWG has a cryptocurrency exchange, making it the first firm to have a licensed exchange in Malaysia. Also, the company channels a considerable amount of energy into solving its own business problems. HWG tackles challenges stemming from liquidity, volatility, and trust. In a bid to effectively arrest its business setbacks, HWG has resolved to offer a stablecoin using the everiToken platform. For those not in-the-know, a stablecoin is a cryptocurrency with real-world asset (such as the US dollar or gold) backing.
The Stablecoin
HWG Cash is a stablecoin with an ERC-20 protocol compliance. It also allows for easy crypto-to-fiat and crypto-to-crypto conversions. With the implementation of these valuable attributes, the token allows for the mass introduction of blockchain assets to the mass market. In order to meet the needs of its developers, the public blockchain that will underlie the stablecoin needs to have certain functionalities. These functionalities include an ability to support a huge trading volume, top-notch security, fast transaction confirmation, scalability, and regulatory compliance.
Introducing the “everiPay”
everiPay is going to be the world’s only commercial solutions for micropayment on chain.
Truly, everiToken has certain attributes that make it a good fit for the proposed HWG cryptocurrency. everiToken’s latest blockchain project is called everiPay, which has the following functions:
With the combination of everiToken public chain technology, everiPay enables transaction confirmation in a split second.
The ICO date will be announced soon. To know more about this collaboration and unique everiPay project, please visit :
Website: https://www.everitoken.io/ Telegram: https://t.me/everitoken everiPay on YouTube: https://www.youtube.com/playlist?list=PLD3Pg2lxTrw1ja0tSZYiRine69L2ozH-V
Article comments