The Singaporean headquartered fintech startup, BULLIONBLOCK PTE LTD, is set to revolutionize the financial industry by giving users greater access and control over financial services.
It has recently announced its plans to launch a groundbreaking decentralized financial service on the Stellar blockchain. This new service aims to provide enhanced security and privacy to users worldwide, addressing the limitations of traditional banking systems.
Addressing Global Financial Inclusion
Throughout the world, around 25% people still lack access to essential banking services. Many who have the access, still face some sort of restrictions and lack full control over their finances.
BULLIONBLOCK has recognized this need for a more inclusive financial ecosystem. This new decentralized financial service seeks to empower individuals by placing them in complete control of their financial destinies.
Challenging the Current Monetary System
BULLIONBLOCK’s vision is driven by the recognition of pressing issues within the global monetary system. Frequent currency devaluations, inflation, and the looming economic crisis have highlighted the flaws of the existing debt-driven system. BULLIONBLOCK has been warning of the impending collapse of the post-WW2 global economic order since 2018, and is now ready to offer an alternative that addresses these concerns.
Leveraging Stellar Blockchain for Efficiency
By leveraging the Stellar blockchain, BULLIONBLOCK ensures fast, efficient, and cost-effective transactions. Stellar’s technology allows for seamless peer-to-peer transactions, eliminating the need for intermediaries and expensive middlemen. This approach enhances transparency, security, and control, offering users an unprecedented level of control over their financial assets and transactions.
Introducing the BRMB Stablecoin on XRPL
BULLIONBLOCK has exciting plans for its stablecoin, the BRMB, which will be launched on the XRP Ledger (XRPL). The BRMB stablecoin, built and designed on Stellar, will be directly swappable with fiat Chinese Yuan at a 1:1 ratio through the XRPL. Users can easily access BRMB stablecoins through any XRPL-enabled wallet, allowing for seamless transactions and cross-border payments.
Mark Propp, CTO of BullionBlock Pte. Ltd, expressed his enthusiasm for the upcoming launch, stating, “We are excited to launch our decentralized financial service on the Stellar blockchain. Our service will provide users with enhanced control over their finances while harnessing the benefits of blockchain technology to deliver an unprecedented level of security and privacy.”
Looking Towards the Future
In Q4 2023, BULLIONBLOCK’s new decentralized financial service is scheduled to launch with a focus on security, privacy, and convenience, the company aims to become a leading fintech provider by 2025.
Users can expect unparalleled control over their money on a secure platform for any financial transaction.
The Business Plan presents a dynamic asset valuation model of our fintech product ready for market Stablecoin, and our decentralized bullion-backed blockchain-based Wallet platform.
Our Financial Plan outlining our scalable strategy of the product, and how price dynamics in the financial forecast model feature explosive growth of the user base which holds considerable potential for our financial architecture.
As the BULLIONBLOCK platform grows and the number of users increases, the demand for our Stablecoin will only escalate. This means that the value of the BRMB will increase significantly.
And most importantly, as stablecoins in general gain popularity and their usage in daily life increases, our platform will scale.
Furthermore, the BRMB adoption process will accelerate as the Chinese currency continues to expand and replace the USD as the global trade currency, along with the roll-out of the Belt & Road trade route from Beijing to Berlin. These factors fully describe our mechanism for creating the internal value of the BRMB stablecoin.
For more information about the new service, please visit the BullionBlock Info Hub