Cryptocurrency security developments prove captivating
ecrop, a technology service provider, has recently launched an innovative app called OmniPersona, designed for transferable customer identity verification. This app, which went live last week, allows users to utilise their KYC (Know Your Customer) verification for other apps or platforms, potentially solving one of the biggest problems in the world of crypto securities by making identity verification platform-independent. If everything goes as planned, OmniPersona could play a similar role in the crypto securities universe as a wallet does in Web3.
Meanwhile, Donaustahl GmbH, a defense startup near Passau known for clever social media marketing and producing scalable FPV drones, electronics, and warheads, is facing funding difficulties. Banks have been hesitant to finance weapons, and investors often follow ESG (Environmental, Social, and Governance) criteria that do not allow weapons. To overcome this challenge, Stefan Thumann, CEO of Donaustahl, has decided to issue a bond as a cryptosecurity via the tacct platform to raise money from the company's community.
The German cryptosecurity, Donaustahl's bond, will be interest-bearing with up to 8.4 percent annually. Investors can use the interest to recoup a portion of the future taxes and debts they are now financing with "special assets" for the armament. This unique approach not only provides an alternative funding source but also offers investors a chance to support the company's growth and development.
ecrop, on the other hand, is focusing on integrating other payment methods, namely Bitcoin and other cryptocurrencies, into the crypto securities ecosystem. They are using a private version of Ethereum for the cryptosecurity registry, citing cost and regulatory reasons. This move could simplify and make many things more efficient in the crypto securities ecosystem, particularly if digital euros or stablecoins become more prevalent.
Interestingly, ecrop is also working with 20 European defense companies, identified by Michael Stoussavljewitsch, to finance them via the tacct platform. However, a detailed list of these companies is not publicly available at this time. The companies in the pipeline on the tacct app are mainly producing drones, components, software, and AI systems.
The Future Financials Act allows for the issuance of stocks as crypto securities, which can then be listed and traded on platforms like 21.x. This act could potentially revolutionise the financial industry by making it easier for companies to raise capital and for investors to invest in innovative startups.
In the world of crypto securities, issuers can give their own shares multiple voting rights, making these securities attractive. A bond as a cryptosecurity increases the equity capital of a company, unlike a loan which would be recorded as liabilities on the balance sheet. This shift in funding could have significant implications for the future of financing, particularly for startups in industries like defense.
In conclusion, the launch of OmniPersona by ecrop and the issuance of a cryptosecurity bond by Donaustahl are significant steps in the evolving world of crypto securities. These developments could pave the way for more efficient and accessible financing options for startups and investors alike.
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