/biz/ - Business & Finance

LINK was always just a test for them
a proof of concept
Linkcels will never admit it, but reality cannot be denied forever

>Progmat already has a bond collaboration with NTT Data, which owns Japan Information Processing, the dominant conventional bond issuance and payment agent solution. NTT Data is one of Progmat’s investors.

>Meanwhile, last week Daiwa Securities announced plans to trial bond issuance on public blockchains. At the time, we noted that Daiwa didn’t have a collaboration with either of the main institutional tokenization platforms – Progmat and Nomura-founded BOOSTRY. Now it does.

You have to sift through lots of propaganda on this board about LINK, but it's all noise from LINK directly. There are better solutions being implemented, break free from the cult

https://www.ledgerinsights.com/mufg-bank-backed-stablecoin-public-blockchains/

Swift created CCIP WITH chainlink. This fud is getting desperate. People are still seething after finding out the pool is closed.

>>56969784
You're seething that SWIFT doesn't = $$$. They're simply experimenting and testing. There's nothing material or concrete even close to happening, which is why you're sitting here defending a $14 digital boat anchor and a 4% coupon. Let finance people do the talking

>Today Japan’s largest bank MUFG announced that its Progmat Coin solution would be used to issue native bank-backed stablecoins on multiple public blockchains, including Ethereum, Avalanche, Cosmos and Polygon. The work is at an early stage, so the timeframe for the launch was not confirmed.

>Progmat Coin is designed to support stablecoin issuance from various trust banks, not just MUFG. Yesterday new enabling legislation came into force, allowing Japanese trust banks to issue stablecoins.

>We previously reported that MUFG was working with blockchain interoperability startup DataChain.

DataChain. Not Chainlink, DataChain. Repeat this 100 times to yourself and maybe you'll start to understand. You are barking up the wrong tree and it reflects in the market.

>Progmat’s core platform uses R3’s Corda enterprise blockchain. Datachain’s technology is based on Cosmos’ IBC, and the core has been open sourced as the Hyperledger YUI Lab. It has also collaborated with JCB, Japan’s card equivalent of Visa.

You all need to start to understand that just because you were brainwashed on this board for this many years, doesn't mean it was close to fruition. It was simply a company trying to drum up some liquidity and cult following, but if anything it showed just how useless SWIFT backing is. No one cares about a consortium, certainly not Jamie Dimon or David Solomon. These people would laugh in your face like the freaks you are that Chainlink would be taking power from them to give to you, non-finance commoners.

https://www.ledgerinsights.com/coinbase-institutional-tokenization-abu-dhabi/

https://www.coinbase.com/blog/coinbase-and-coinbase-asset-management-announce-project-diamond-a-smart

More entities that don't need or use Chainlink. Start to open your eyes, and you'll make some money

>>56969832
Swift is losing the interoperability battle rapidly
>Yawn, fixed your title for you though.
>There's nothing material or concrete even close to happening,
You have zero idea of whats happening behind the scenes. For all we know you look like this.

>>56969904
I actually do seeing as I, ahem, work in the industry. R3 Corda, with Cosmos interop.

>>56969904
Also, since you have this pic saved, I'm assuming you identify with this person. I recommend cleaning yourself up.

>>56969774
I was waiting for the day banks got serious and just started their own shit. Sergey is a worthless layer in that process. Can’t wait until Linkies realize he sold them a tale

NICE FUD, too bad im not reading any of it

>>56969987
>Cosmos interop.
No such thing.
Cosmos can only interoperate with itself, with its own subnets.

This whole Progmat/Datachain system is yet another silo.

>>56970053
MUFG and Nomura are massive here in Japan. We also have carbon credit trading on the Tokyo Stock Exchange already. I can't believe Americans fell for this Chainlink stuff. Total rent seeking amateurs

https://www.reuters.com/sustainability/tokyo-stock-exchange-kicks-off-carbon-credit-trading-2023-10-11/

https://www.jpx.co.jp/english/equities/carbon-credit/index.html

Once again, always do your research

>>56969745
interesting...

>>56970133
Thanks J-anon. Who does the carbon credit tech?

Were you hoping that this thread would open up a little bit of space in the pool?

>>56969987
Sure you go faggot. Kill yourself with a rusty knife

>>56969745
You sound angry OP, miss out on the pool? Unfortunately it's closed.

You’ve convinced me anon. Just unstaked all my link

>is because
stopped reading

>>56969745
Pool is closed, jeet. Better luck fudding next time.

>>56969987
Cosmos is nothing but a hobby project tho

>>56970336
All the links OP provided are legit, seethe stinky

>56969745
>56969774
>56969832
>56969900
>56969987
>56970029
>56970133
>fudcuck manifesto
Nah. Pool's still closed lmao.

>>56970853
>p-p-p-p-p-pool’s closed! You made 1000%? We made 4!!!

kek

>>56969745
pools locked kiddos! How you feeling hahahaha?!

>>56969745
DR;NS

The fact that Sergey is paying people to post “pools closed” is kinda based.

But mega bearish

>>56970960
did you hear? pools closed my reddit spacing friend
HAHAHAHAHAHHAHAHAHA!!!!!

>>56970627
he's tried the progmat angle before but it didn't work because he clearly doesn't understand what the fuck progmat actually is - he just figures that if he can make up his own schizo theories and post links along with them, somehow an experimental japanese cbdc issuing platform will "win" against swift's planned usage of ccip

in short he's a fucking retard, and you're even dumber for trying to suck him off

s and h

>>56971017
Huh? The links do show real happenings

>>56970997
Cringe

at best this will bring a shitty japanese stablecoin to the market. Thats it.

Thanks just sold!

>>56971989
DR;PC

>>56970133
Checked. Sergey was supposedly going to corner the carbon markets, now we find out they’re not even being selected for these things. No wonder link never pumps, it’s not being used in the real world

>>56969745
FUCK THIS SHITTY LINK TOKEN

Im just gonna sell and buy a full 3 week trip in Hawaii

BASED LPL KIDDOS CHUDDIE HOW YOU DOING BASED CHUDDIE KIDDOS???

>>56969745
Name another crypto working with SWIFT

>can't

>>56969774
since you are shillingg your token where the fuck can i buy it you retard

Shills worked overtime in this thread