Alprockz Partners with Swiss Banks to Issue a New Stablecoin Backed by Swiss Franc-5.26

The Alprockz platform will allow users to benefit from a stable coin used for fast and economic monetary transfer around the world. Among the key features will be the conversion of cryptocurrency into a reliable & stable funds at real time, along with opening up limitless opportunities for market makers to switch to a new base currency.

ROCKZ (RKZ) is the stablecoin, backed by a national currency – the Swiss franc (CHF), which will be issued at a ratio of 1:1. At the same time, the company-issuer ROCKZ AG will store 90% of its reserve funds in CHF banknotes in high-security Swiss bank storages. Another 10% will be placed in storage in various Swiss banks to ensure coin’s liquidity. This will give to the issuer credibility, and when it comes to Rockz holders – confidence that the digital asset is backed by fiat money.

Original source
https://www.coinspeaker.com/2018/09/10/alprockz-partners-with-swiss-banks-to-issue-a-new-stablecoin-backed-by-swiss-franc/

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