What Is CD Currency?
Universal Coin International Inc. wants to offer a bank supported crypto coin called the CD Currency. This coin will address one of the most important problems which faces the crypto industry; lack of banking services and products.
The CD Currency Solution
CD Currency will be among the first licensed multi-service banks that provide custodial products and services to the crypto world. As crypto has grown, users and holders are still not yet able to deposit their assets in a licensed bank. Besides that, they are not able to borrow against crypto or convert it to fiat.
Right now, there are no mortgages, crypto savings accounts, credit cards, debit cards, and others backed by federal-licensed banking institutions. CD Coin has been designed to be utilized and will be backed by banking products of the CD Bank.
How CD Currency Universal Coin International ‘s Crypto Will Work
This will be an international bank that is licensed and based on crypto. It will target offshore locations such as Puerto Rico and other regions. The bank will offer tax incentives, which will sequentially offer much-needed banking custodial products and services to crypto enthusiasts. This will be the first licensed bank in North America that can hold deposits and offer fiat and crypto-based banking products.
The bank’s offerings will be available to holders of crypto, the holder of CD Coins will enjoy preferential rate and customized promotions from the bank. For instance, they will get some great benefits when they use the bank's services such as savings accounts, FX conversion, and custody accounts.