NOS launches instant, green, zero-fee USD stablecoin NOLLAR
Their exchange partnership aims to give millions of people in Brazil USD-access at zero costs, which is currently unachievable for Ethereum-based alternatives like Gemini, Paxos, TrueUSD or USDC.
NOLLAR is looking to serve as inflation protection in emerging markets, helping to reduce remittance fees, mobile payment fees while increasing economic productivity due to its instant transactions.
Speaking to Malta Blockchain Summit, Managing Director, Daniel Neetzel, states: “We are more than excited to serve people in need. For the first time in history it’s possible to perform feeless and instant transfers of a USD-voucher on a decentralized network. We hope to disrupt the remittance, payment and crypto trading industry and lead the way for mass-market adoption of cryptocurrencies.”
He continues: “I believe that Malta is one of the most important countries in the blockchain industry, providing the legal grounds for blockchain to make the world a better place. You will also find NOS at the Malta Blockchain Summit, where I will host a roundtable about Banking in Europe.”
NOS has its main base of operations in Malta, with employees and advisors from Germany, Switzerland, Poland, France, the U.K. and Singapore.
The Malta Blockchain Summit is set to take place between the 1st and 2nd of November, and will be held at the InterContinental, St Julians. The Summit promises to be an innovative and momentous opportunity for global influencers to network, forge new connections and debate the potential applications of blockchain – reflecting the central role that Malta is establishing as the first fully-regulated jurisdiction for crypto exchanges and blockchain application developers.