Progmat is way ahead of Chainlink in Japan for interoperability

[Anonymous No.56351187]

I will spare the time wasting facts on why Chainlink has big time competition/is behind the 8-ball. Enter Progmat. They are enabling banks in Japan, through their own development, to conduct business and build on blockchain. It's over for Chainlink in the 3rd largest economy, and this is not even /biz/ fud. This is what happens when you drag your feet for almost a decade.

https://www.prnewswire.com/news-releases/mitsubishi-ufj-trust-and-banking-corporation-and-binance-japan-commence-joint-study-to-explore-new-stablecoin-issuance-using-progmat-platform-to-accelerate-web3-adoption-301938325.html

[Anonymous No.56351201]

We are very far ahead

[Anonymous No.56351215]

Sorry but i am married to my link bags until death do us part

[Anonymous No.56351222]

why are fuddies pushing the interoperability buzzword so hard frens

[Anonymous No.56351223]

So the beautiful part of this is they're demonstrating web3 can be done without Chainlink. Japanese banks, all of the megabanks, are on board.

https://medium.com/@tokifinance/what-is-progmat-c052f8cce2ed

>This joint effort is all about building a cross-chain infrastructure using Progmat Coin-issued stablecoins, messaging protocols using IBC and LCP, and TOKI’s unified liquidity.

>If this comes to fruition, it’ll enable cross-chain transactions between various blockchains like Ethereum, Cosmos, Avalanche, and Polygon using Japanese bank-backed stablecoins.

[Anonymous No.56351238]

>>56351222
Wasted trips.
Bagholders are like addicts. They don't think they have a problem until they're broke and sucking dick to support their habit. Get help before it's too late anon.

[Anonymous No.56351240]

>messaging protocols using IBC and LCP
So basically theyre doomed to fail

[Anonymous No.56351244]

>>56351201
>>56351215
>>56351222
You're holding the AOL of interoperability and don't even know it. You were sold on a vision by someone who, like in his NXT days, talks a big game but can't back it up. Japanese megabanks are first, next are the mega conglomerates like Sony and Panasonic.

Never marry your bags, in crypto or stocks

[Anonymous No.56351259]

>>56351187
Oh no not a few Japanese banks! Now we only have SWIFT, a conglomerate of basically every single bank on Earth. What will we do now!

[Anonymous No.56351262]

>>56351244
we just heard about this and you seem desperate to get everyone to jump ship. totally organic, yep...

[Anonymous No.56351268]

>>56351238
>>56351244
you guys sound really riled up about my investment!

[Anonymous No.56351274]

>>56351223
I didn’t think it was possible to get btfo so hard this year, but fuck no one is adopting chainlink. It’s unironically over

Selling for ETH when I get home

[Anonymous No.56351281]

>>56351268
on the day the serg gave his goldman talk, we get canton and now this fud. i wonder what news dropped inside that conference that hasn't released yet...

[Anonymous No.56351316]

>>56351268
>>56351262
>>56351281
How about you read? This is happening now. Japanese banks are developing and moving to these systems in the year 2023 of our lord and savior. Stop the tribalism and make money, that's the goal. Chainlink is the exact same price as last year, clearly it's nowhere near it's price 2 years ago, or 3 years ago.

I'm starting to believe these are glowies trying to get /biz/ to not make money and stay poor

[Anonymous No.56351324]

kek fuddies

[Anonymous No.56351336]

>>56351316
lol. ok. what do i buy then, mr totally-not-a-fudcuck? (based that you said "in the year of our Lord and Savior" though)

[Anonymous No.56351345]

>>56351316
So how do we buy this shit then?

[Anonyous No.56351347]

>>56351316
This low IQ shilling is just so boring.

[Anonymous No.56351348]

https://finance.yahoo.com/news/mhfg-join-mitsubishis-mufg-stablecoin-170600443.html

>Mitsubishi UFJ Financial Group, Inc.’s MUFG stablecoin issuance platform, which remains under development, will be joined by one of Japan's major banks, Mizuho Financial Group (“MHFG”), per a Nikkei article.

>MUFG aims to establish a company, named Progmat, next month in partnership with major Japanese banks, namely, Japan Exchange Group and NTT Data. Progmat, headquartered in Tokyo, will be operating this new cryptocurrency network.

>Financial groups are eyeing using stablecoin for settlements to avoid paying any remittance fees. Currently, most overseas remittances are done through SWIFT (Society for Worldwide Interbank Financial Telecommunication), which takes more than two business days to complete. Moreover, the fee for transferring dollars abroad is about 10%, which increases the trade cost.

SWIFT is old news, and banks will be trying to get out from under that old, archaic system. You're losing the battle, and the war

[Anonymous No.56351373]

>>56351345
Progmat is creating a token, but it will be pegged, most likely. I would buy Cosmos, Ethereum, and Polygon from the digging I've done on their platforms. Avalanche is another possibility for 4 if you want to split 25% into each

To anyone on the fence about Chainlink, take the other side of the trade. /biz/ has been trying to pump their bags to dump for years. /biz/ as usual, is full of dishonest people. Don't fall for it

[Anonymous No.56351387]

>>56351244
Too late already married

[Anonymous No.56351399]

>>56351347
I don’t see what’s low iq. This is different from the retarded fudders, links and pics were actually provided by op

[Anonyous No.56351405]

>>56351399
It all has the same, obvious, putrid stench. They are the same.

[Anonymous No.56351432]

>>56351348
>SWIFT is old news, and banks will be trying to get out from under that old, archaic system. You're losing the battle, and the war

Rofl. Nice try. No one wants to get "out from under" that "old archaic system", they like it exactly BECAUSE it's old and archaic and they know how it works. Rofllll try harder next time.

[Anonymous No.56351448]

>>56351187
https://bitereum.net/whitepaper.pdf

[Anonymous No.56351449]

>>56351432

>Currently, most overseas remittances are done through SWIFT (Society for Worldwide Interbank Financial Telecommunication), which takes more than two business days to complete. Moreover, the fee for transferring dollars abroad is about 10%, which increases the trade cost.

Helps to read. Linkies are actually going insane, I would to if my "world shifting" token was worth less than it was before CCIP released

[Anonymous No.56351451]

>>56351373
>/biz/ as usual, is full of dishonest people.
And you're one of them. Why wouldn't you recommend Chainlink too? Wouldn't it make more sense to grab LINK, ATOM, ETH, and MATIC? As a hedge? Just that's smart diversification if even what you say is true. It's so obvious dude, you're only going to get tourists and redditors. Heck, I don't even think Redditors would fall for this.

[Anonymous No.56351484]

>>56351449
Yes and LINK will fix that issue with SWIFT too. I don't understand how you wouldn't show this Fagmat thing as another alternative to CCIP instead of doomposting about how IT'S ALL OVER FOR LINK!!!!...So obvious. At least when linkies sound level-headed it's because they genuinely have news after news after NEWS to back it up. This is one single announcement and you're already telling people to jump ship. Lol. Do people really fall for this?

[Anonymous No.56351500]

>>56351484
I mean when linkies don't sound level-headed*** when they sound moony

[Anonymous No.56351503]

>>56351348
Interchain Foundation is run by Cosmos and they provided a grant for the bank to build something using Cosmos IBC. It's not the banks building their own solution. MUFG is a SWIFT member bank so they will have access to CCIP like everyone else on the SWIFT network.

[Anonymous No.56351509]

>>56351240
please elaborate, i'm an idiot

[Anonymous No.56351535]

>>56351187
how does this compare to canton? or is it a public ledger?

[Anonymous No.56351625]

meh

Sumitomo was on stage at Smartcon

https://en.wikipedia.org/wiki/Sumitomo_Group

[Anonymous No.56351677]

>>56351484
>$7
>Constantly flatlining or dumping

Fuck you, I’m here to make money. If there’s an alternative I’m there for it, my bags are not pumping despite anything you say about link

[Anonymous No.56351729]

>>56351274
Have a nice day at school, sweetheart.

[sage No.56351760]

>56351187
>56351223
>56351244
>56351316
>56351348
>56351373
>56351449
>fudcuck manifesto
>literal who #297th link killer
>hes obviously doing this because he got btfod with the canton thing as an absolute brainlet
yawn
not selling
all fields

[Anonymous No.56351785]

>>56351760
HEY MR! GIVE THOSE GUYS (you)’s RIGHT NOW THATS HOW THEY GET PAID!

[Anonymous No.56351786]

>>56351373
>Doesn't have a token
So you are telling us to jump ship, but we literally have no other ship to jump to? kek

[Anonymous No.56351827]

>>56351760
And just like with Canton, it's not a competitor.
I'm unironically looking forward to the post-singularity hunt for these worthless wads of fud spamming, poorfag guttertrash and the torture / snuff videos they'll end up in.

[Anonymous No.56351846]

So you are basically telling us that there is this incredible Linkie competitor and that we should jump ship... Even if all of what you are saying is true we don't have no ship to jump to since they literally do not have a token. Been digging through their site and Twitter and it stinks. Reminds me of Supraoracles. Same type of flavour, just different asshole.

[Anonymous No.56351879]

>>56351846
holy basedo fellow marine I also enjoy the Twitter

[Anonymous No.56351917]

>>56351187
>unified liquidity
>IBC
We already discussed that back when Stargate was released more than a year ago.
It's not a real cross-chain "communication" protocol, you can basically just move tokens from one chain to another but that's it.

CCIP objective is to do much more than that in terms of composability with sending arbitrary messages between multiple chains and tokens with instructions. You enter an input in a single interface app which will use smart-contracts on various chains and give you a single unified output.

The only thing you're right about is that Chainlink is getting too comfy and they're still blueballing us. Staking is long overdue and Sergey hasn't given a single reason on why we're still waiting. At this point I'm starting to think it's more about optics than anything (which pisses me off).

[Anonymous No.56352059]

>>56351316
So it's totally not a proof of concept and they totally aren't fucking around with lots of projects and this absolutely isn't old news (Canton was 5 months ago) that's priced in and you're just being a giant faggot?

[Anonymous No.56352237]

>>56351223
>If this comes to fruition
kek

[Anonymous No.56352463]

Is Progmat a threat to my significant investments in Mobius, BAND, Tellor, ZAP, Aeternity, nuLINK, Chronicle and Canton?

[Anonymous No.56352504]

None of this FUD makes sense to me. Sergey has literally been saying that banks will have their own chains and that these chains can be linked via CCIP. Literally all of this shit is just confirming exactly what he’s been saying, ANZ wants to handle some transaction involving yen? They will use CCIP to connect their blockchain to this Japanese one. All of this FUD is bullish as fuck it just confirms everything Sergey has said recently.

[Anonymous No.56352561]

>>56351677
yes its the bear market lol

[Anonymous No.56352583]

>>56352504
exactly, you got it. they just do this for those who haven't bothered to do their research beyond /biz/ threads (i.e. actually watch videos/read blog posts/understand the product)

[popo !z5VQY4IkhY No.56352611]

>>56351187
chainlink killer #237

[Anonymous No.56352617]

>>56352611
Delete your fucking trip faggot

[Anonymous No.56352633]

Oh my god please do not hire a third world Jeet to design your slides next time you want to shill a "Chainlink killer". How painful.

[Anonymous No.56353034]

>>56352633
They’re japs retard

[Anonymous No.56353062]

>>56353034
Konami games always had shit menu design so maybe

[Anonymous No.56353111]

>>56352583
i'm convinced they just do it because they're bored and arguing with people on /biz/ is their only source of human interaction

[Anonymous No.56353174]

>>56352617
loo, poo

[popo !z5VQY4IkhY No.56353232]

>>56352617
seethe

[Anonymous No.56353388]

This thread is amazing. All of the link bagholders are mindbroken. All of their suffering, all down the drain.

[Anonymous No.56353459]

>>56351187
Posting in epic bread
Linkfags dun goofd

[Anonymous No.56353567]

Based. Linksters lost
>September 4, 2020:
LINK: $12.50
BTC: $10,434
ETH: $388
BNB: $20.62
XRP: $0.23
ADA: $0.08
DOGE: $0.002
SOL: $2.71
TRX: $0.03
MATIC: $0.01

>September 4, 2023:
LINK: $5.96
BTC: $25,743
ETH: $1,623
BNB: $214.45
XRP: $0.50
ADA: $0.25
DOGE: $0.063
SOL: $19.36
TRX: $0.07
MATIC: $0.55

[Anonymous No.56353587]

>>56351316
Link is basically the Q anon psyop but for /biz/fags.
>just hodl 20 more years patriots are in charger
>new to secret insider larp crumbs just dropped!
>come figure out this cryptic gibberish message!
>dont do anything you already made it!

[Anonymous No.56353604]

>>56351484
Linkies just put their heads in the sand when they hear anything that goes against their delusional get rich guaranteed fantasy

[Anonymous No.56353727]

>>56353587
T R U S T T H E P L A N L I N K I E S

[Anonymous No.56353729]

[Anonymous No.56353897]

>>56353388
Checked, and that’s the way it appears

[Anonymous No.56354400]

>>56352504
Isn't it instead mildly bullish that all these different blockchains are popping up (canton, progmat, whatever else is coming), as these will have to communicate with each other?

[Anonymous No.56354429]

>>56353604
>people holding link explain why the fudcuck's fud attempt makes no sense
>fudcuck starts screeching and seething about how everyone else has their head in the sand or something (he's actually angry because he has to find a new fud angle with some other project that doesnt compete with link either)
you should be used to being wrong by now but I guess spending your entire life drinking water from the ganges gave you brain damage or something so it's like a new and infuriating experience for you every time lmao

[Anonymous No.56355534]

How much ny@N c@t money would it cost to sniff her brapper? 2064 lil kitties?

[Anonymous No.56355654]

>>56353567
>>56353587
>>56353604
This is just missing TNN and it would be a perfect LINK fud starterpack

[Anonymous No.56355707]

How much ny@N c@t money would it cost to sniff her brapper? 2064 lil kitties?

[Anonymous No.56355750]

Progmat got absolutely destroyed by Canton

[Anonymous No.56355758]

Japanese banks are stuck in 1988 they are so shit it's unbelievable.

[Anonymous No.56355917]

>>56355758
So it should've been easy for Sergey to pitch CCIP to use with their ancient shit. Instead, he gets pushed aside for Cosmos. Now it's just an entire thread of >>56354429 seethe

[Anonymous No.56356083]

>>56353604
>>56353587
>>56353567
i just know this guy got curly hair

[Anonymous No.56356092]

>>56351187
OH NO ANOTHER PRIVATE BLOCKCHAIN EXCLUSIVE TO JAPAN. I WONDER HOW IT'LL CONNECT TO THE PUBLIC CHAIN

[Anonymous No.56356491]

>>56356092
through cosmos
russian scam not needed

[Anonymous No.56356546]

.

[Anonymous No.56356630]

Thanks, just sold!

[Anonymous No.56356651]

'Progmat' -KEK did the guy who invented the name 'Internet Computer' have a hand in this?

[Anonymous No.56357184]

>>56351917
>>56352504
>>56351917
aaand thread

[Anonymous No.56357290]

>>56357184
>Hyperbole and assumptions mean my bags WILL be pumped because I said so!

[Anonymous No.56357849]

>>56356630
You'd be smart if you did. People took never selling seriously in 2021, now look at the losses that have piled up

[Anonymous No.56358039]

>>56356491
Cosmos can't interlink outside of cosmos though. So for example how would this connect with Canton? It can't.

[Anonymous No.56359077]

>>56351187

couple of months ago i read a screencap from an anon predicting the time will come that there wille be a sudden rise of chainlink competitors. the time is here, this is the newest stage of fudding but also one of the last. the killing starts now.

[Anonymous No.56361225]

>>56359077
Checked.

>The time is here

Been hearing that for years

[Anonymous No.56361235]

>>56354400
no, not mildly bullish. it's very bullish

[Anonymous No.56361255]

Linkies are so riled up by this lmao

[Sage No.56362413]

>>56353604
>>/biz/image/tzwxsU56JIiAuW7Nu8S8Tw

Kek look at this fuddie