Jibrel provides currencies, equities, commodities and other financial assets & instruments. The crypto depository receipts or Crydrs are the tokens representing a traditional financial asset’s value. It is denominated in Jibrel Network. It uses the standard ERC-20 token on the Ethereum blockchain. The CryDRs have the smart regulation which is built in real-world rules and regulation that is translated into solidity code and deployed on Ethereum blockchain. CryDrs is purchased from the Jibrel DAO utilizing Jibrel Network Token.
The fiat CryDRs is utilized for remittance global payments, trading, and hedging. The CryDrs is designing to automate and decentralized financial instruments such as bonds, commodities, debt instruments and securities. This ensures that decentralized CryDrs follows a real-world rule and regulations. jCash is the first which has made available currencies such as USD, GBP, EUR, AED, CNY CryDrs.
Original article and pictures take icoclap.com site
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