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BullionBlock launches BRMB Stablecoin on Stellar

CHEYENNE, WYOMING, UNITED STATES, – BULLIONBLOCK LLC is pleased to announce the launch of its new decentralized financial service that aims to provide increased security and privacy on Stellar, one of the world’s leading blockchain networks.

By using Stellar, BullionBlock can ensure fast, efficient, and low-cost transactions, making its service accessible to a wide range of users worldwide.

BULLIONBLOCK plans for its stablecoin the BRMB to go live on the XRP Ledger (XRPL), the open-source, energy efficient, and decentralized blockchain.

 The BRMB was built and designed on Stellar and will be available for a direct 1:1 swap of fiat Chinese Yuan, via the XRPL. The BRMB stablecoins can be accessed through any XRPL-enabled wallet.

The transactions on the XRPL are fast (3-5 seconds per transaction) and low cost (fractions of a U.S cent per transaction).

BRMB’s functionality on the XRPL means users around the world can utilize the BRMB stablecoin to make payments and trade with other XRP-based tokens via the native decentralized exchange.

“We are excited to be launching our decentralized financial service on Stellar,” said Mark Propp, CTO of BullionBlock Pte. Ltd, the parent company based in Singapore. “Our service will offer users greater control over their finances, while leveraging the benefits of blockchain technology to provide an unprecedented level of security and privacy.”

In addition to the new financial service, BullionBlock has partnered with RemitAnywhere, a leading provider of international remittance services.

“We aim to bring our customers the best of both worlds, offering enhanced financial services while expanding our reach globally,” said RemitAnywhere CEO, Tahir Saani.

“We are thrilled to welcome RemitAnywhere to the BullionBlock family,” said BullionBlock cofounder, Michael Haykal. “Their expertise in international remittances will allow us to expand our reach, offering customers a wider range of services while maintaining our commitment to security and privacy.”

With Stellar’s efficient and scalable technology, we believe we can revolutionize the financial industry and provide users with greater control and access to financial services.

Our platform is designed to empower users by enabling them to control their own financial destiny. By eliminating intermediaries, our decentralized financial service enables users to transact peer-to-peer without the need for costly intermediaries or middlemen. This provides greater transparency, security, and control over financial assets and transactions.

With plans for the launch Q3 2023 of the new decentralized financial service, the BullionBlock fintech is poised to become a leading provider of financial services, offering customers an unparalleled level of security, privacy, and convenience.

For more information about the new service, visit the Info Hub at https://www.bullionblock.io.


Mark Snelders

Silicon Valley Daily

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