ETPC receives EU approval, or will break U.S. dollar hegemony and replace SWIFT as new payment system
The emergence of blockchain will bring huge changes to the world. This change will change the financial and payment system worldwide. Recently, Mogherini, Minister of EU Affairs, said that on many international issues, the EU and the United States have differences, especially on sanctions against Iran, a major oil country. The EU is discussing the use of blockchain technology to replace the US-led SWIFT payment system, thereby bypassing US supervision continues to legally continue trade with sanctioned countries.
In order to solve this problem, the EU plans to create a “Special Purpose Entity” (SPV) that will use blockchain technology. The first partners include Ripple, Monero (XMR), ETPC and other payment projects.
According to foreign media reports, the European Union has conducted tests with ETPC in conjunction with a number of banks. The test results were passed at SSS level, and both parties expressed satisfaction with the test results.
This time ETPC was able to obtain cooperation with the European Union. It is precisely the ETPC’s dual offline payment system. ETPC is a decentralized offline two-way payment access tool based on ERC20. ETPC defines “payment access” as a type of technical standard that does not restrict the form of currency. It also implements two-way payment through the blockchain and adopts “dual offline payment”. Pay. As long as the user’s mobile phone has power, even if the network is disconnected, payment technology can be realized. ETPC is the only virtual currency in the entire ETPC ecosystem. Any data interaction and asset exchange across sub-chains will consume ETPC as a service fee. ETPC is a blockchain offline two-way payment project initiated by the Hungarian government’s BCC. BCC is a Hungarian Blockchain Research Institute and a blockchain organization led by the Hungarian government. It has research and investment services.
ETPC announced that it will also release TOS, an aggregate payment tool, which will be preferentially opened to EU and global ETPC investors. TOS is the world ’s first secure and convenient payment tool. Its appearance also helps ETPC to complete the blockchain as soon as possible in the traditional field Empowerment innovation to achieve a truly large-scale commercial landing.