[ad_1]
A new cryptocurrency platform has partnered with a satellite operator to provide blockchain access to people without Internet in developing countries.
Supreme Global Holdings (SGH) has launched a new cryptocurrency exchange, SupremeCrypX and is working with the SupremeSAT satellite service company. The goal of this partnership is to provide access to cryptocurrencies and the ability to undermine people who do not have access to the Internet.
SupremeSAT is the first and only Sri Lankan satellite operator, already have more satellites and teleport global assets. According to the president of SupremeSAT, the company will also grant SupremeCrypX permission to use their ground stations as data centers to establish mining operations that will support its "supreme currency".
In addition, the company plans not only to list, but also to develop its own asset-supported stablecoin in a limited period of time, with funds obtained through mining. This plan – if Rafael Cosma and Vitalik Buterin are right – is in line with the stated objective of the exchange, which is to "strive to ensure a sustainable and regulated growth of cryptocurrencies for the greater good of humanity ".
Rafael Cosma, CEO of Trust Token, declared that stablecoins "They are one of the keys to bringing the benefits of cryptocurrencies to ordinary people". Vitalik Buterin, co-founder of Ethereum, He said one "Maybe the time is ripe to take over stable or multi-currency systems".
The exchange aims to offer a range of services such as virtual cards that provide an easy way to spend cryptocurrencies, blockchain-based products and a fiat currency exchange. In addition, SupremeCrypX has stated that it is working "Ensuring sustainable and regulated growth of cryptocurrencies for the benefit of humanity".
The exchange will be based in Malta. According to the president, Ramasamy Muthusamy Manivannan, this guarantees it "The reassurance of operating under a regulated jurisdiction". Manivannan announced that the company plans to do so "Join hands with the far-sighted Maltese government to promote the use of cryptocurrency in the world".
The Maltese government has been acclaimed as the world capital of cryptocurrency after its parliament has approved three laws that guarantee its jurisdiction clarity, unmatched anywhere else in the world when it comes to cryptocurrencies.
Attention to advanced and imminent technology – and the problems it entails – has been demonstrated by the local government, including in the way it deals with artificial intelligence (AI).
The Maltese government reported targets to "To explore a citizenship test for robots in the process of drafting a new regulation for artificial intelligence". The basis for these tests was in collaboration with the SingularityNET decentralized artificial intelligence services market and a friendly regulatory environment.
Supreme Global Holdings is described on the SupremeCrypX website as "Diversified global business with interests in multiple sectors" while the SGH website states that it is a "Protagonist in the trade of raw materials in South Asia, in the maritime industry and with an investor [a] primary focus on emerging markets. "
According to R.M. Manivannan, SupremeCrypX also intends to help the adoption of cryptocurrency by granting free Bitcoin fractions to its registered users.
