The national payment machine HUMO has launched a recent venture to command a digital token backed by authorities bonds of Uzbekistan. The token is issued by HUMO Digital, a subsidiary of the payment machine, and targets to help the come of financial know-how within the country.
The HUMO token has been formally registered within the Unified Electronic Register of Crypto-Resources by the National Company for Prospective Projects (NAPP). The Asterium crypto depository is in sign for monitoring the collateral and safekeeping of the authorities bonds that help the token. This backing is supposed to lower sign volatility and be certain token balance.
The token is designed to help appeal to foreign investment, simplify industry funds, and help transparency in financial operations. It permits for instantaneous fiat conversion with out intermediaries, decreased transaction costs, and true recordkeeping utilizing blockchain know-how.
The venture is currently in a making an attempt out allotment. Businesses and person customers will take allotment in trials to own in ideas how the token would maybe well presumably also additionally be worn in actual payment and settlement processes.
In due course, the HUMO token will be constructed-in into payment companies and products and made readily accessible on digital procuring and selling platforms. The token’s assemble suits inside Uzbekistan’s existing financial machine and helps the country’s ongoing efforts in financial innovation.
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