Unite Global: Now licensed to issue WOCU currency for banking

0
329
Unite Global: Now licensed to issue WOCU currency for banking

Unite Global: Has received a licence to issue WOCU currency into the banking system

  • WOCU is also expected to be particularly attractive to countries seeking reduced reliance on the US dollar
  • It offers naturally reduced foreign exchange (FX) volatility for trading partners
  • WOCU wants to be an alternative to the US dollar as an international trading currency
  • Unite plans to issue WOCU currency from 2020, following the establishment of the Unite banking correspondent hub
  • WOCU is not a cryptocurrency, it will be reserve backed, regulatory compliant and FX traded and held within the banking system
  • WOCU can then be delivered to their banking customers by regular FX transactions at normal costs