What is the Currency B Network (Currency Network Platform)
The Currency B Network is a decentralized digital payment method that operates o
The Currency B Network is a decentralized digital payment method that operates on the blockchain. It utilizes the Bitcoin transaction network based on smart contract technology, essentially implementing an electronic cash system known as “peer-to-peer”. Users can buy and sell goods and services on this platform using US dollars, euros, or other stablecoins. Due to the anonymity of encrypted assets, it is also referred to as the Currency B Network.
The Currency B Network ensures the security of funds and protects customer interests through a two-way guarantee and one or more credit intermediaries, such as third-party custodians. When there is a change in the relationship between a user’s wallet address and the virtual currency on the platform, these accounts automatically convert to another token and transfer the transaction to another wallet address. This model allows investors to utilize Bitcoin without worrying about the loss of private keys.
Currency Network Platform
According to official sources, the Currency Network Platform was officially launched on March 9, 2018. Its scope of operations includes digital wallets, virtual currency exchange (fiat currency), electronic currency trading, etc.
It is reported that this exchange is the largest financial information service institution in the country. Established in 2014, it is an international commercial bank jointly founded by Industrial and Commercial Bank of China, Shenzhen Branch of the People’s Bank of China, and China Merchants Bank Hong Kong Branch.
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