Adoption of Cryptocurrency by Government
As of 2016, over 24 countries are investing in distributed ledger technologies (DLT) with $1.4bn in investments. In addition, over 90 central banks are engaged in DLT discussions, including implications of a central bank issued crypto currency
- Hong Kong’s Octopus card system: Launched in 1997 as an electronic purse for public trans-portation, is the most successful and mature implementation of contactless smart cards used for mass transit payments. After only 5 years, 25 percent of Octopus card transactions are unrelated to transit, and accepted by more than 160 merchants.
- London Transport’s Oyster card system: Oyster is a plastic smartcard which can hold pay as you go credit, Travelcards and Bus & Tram season tickets. You can use an Oyster card to travel on bus, Tube, tram, DLR, London Overground and most National Rail services in London
- Japan’s Felica: A contactless RFID smart card, used in a variety of ways such as in ticketing systems for public transportation, e-money, and residence door keys
- The Netherlands’ Chipknip: As an electronic cash system used in the Netherlands, all ATM cards issued by the Dutch banks had value that could be loaded via Chipknip loading stations. For people without a bank, pre-paid Chipknip cards could be purchased at various locations in the Netherlands. As of 1 January 2015, you can no longer pay with Chipknip
Belgium’s Proton: An electronic purse application for debit cards in Belgium. Introduced in February 1995, as a means to replace cash for small transactions. The system was retired in 31 December 2014
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By studying all the trading and decentralized economic applications in the market, the team has created an innovative income distribution model through many mathematical models and economic verification, which has solved the sustainability of equity premium and dividend distribution.
The highlight of WBank Wallet is the combination of the automated pricing mechanism and also integration of smart contracts to protect the interests of both investors and project parties.
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