Veröffentlicht von • Centi launched a stablecoin backed 1:1 by a Swiss bank called the Centi Franc Stablecoin (CCHF).
• The token will serve as the basis for its blockchain-based Global Payment Network which is intended to compete with credit card payments and other traditional payment providers.
• The network allows real-time settlement between buyer and seller, is 90% cheaper than rivals like Paypal and VISA, and does not require prior crypto knowledge or extra hardware/software.
Centi Launches CHF Stablecoin
Switzerland-based startup Centi announced on March 21 the launch of a stablecoin pegged to the Swiss franc. This token is called the Centi Franc Stablecoin (CCHF) and it will be backed 1:1 by a Swiss bank guarantee.
Global Payment Network
Centi’s new payment network uses blockchain and web3 technology to significantly reduce the cost and time it takes for merchants to settle transactions and receive funds. This essentially allows real-time settlement between buyer and seller, which is much faster than traditional methods. Furthermore, processing payments through this network is 90% cheaper than established competitors like PayPal, VISA, Mastercard etc. These features make it easier for buyers and sellers to interact without needing „deep-pocketed middlemen“.
No Crypto Knowledge Required
The company also emphasized that merchants don’t need prior crypto knowledge to use its payments network nor do they have to change their accounting practices in order provide support for this system. It is fully integrated with current POS systems so merchants can quickly onboard without needing additional hardware or software.
Competing With Established Providers
Centi’s goal is to compete with established payment providers such as credit card companies by offering an inexpensive alternative that offers faster processing times with fewer fees involved. By providing an efficient means of settling transactions without relying on middlemen, Centi hopes to become a major player in global payments industry – both online and offline – in the near future.
Blueprint for Digital Currencies
The company said that CCHF coin serves as the „basis“ for its blockchain-based Global Payment Network which could be seen as one of the closest implementations of a central bank digital currency (CBDC). Moreover, Centi believes it is providing a blueprint for how digital currencies should work with fiat on-off ramps going forward.
