Noah Project will contribute to building a new crypto hub in Asia


The Noah Project is a project that works in several directions which includes modern payment system which is based on NoahCoin virtual currency and is convenient Noah crypto wallet which is world’s first crypto City.

Since the concept of cryptocurrency and blockchain technology were introduced to reality, they become a subject of discussion. This discussion doesn’t only indulge and famous among programmers but also within in business. People from finance, investment, and banking departments went into the analyses to find out different possibilities and prospects of blockchain implementation and their usage.

Several countries and territories have advanced so far in trying to create the conditions for blockchain-based projects that can get recognized as the world’s cryptocurrency centers. Here we got the example of the Swiss city of Zug with its thriving crypto Silicon Valley, which is known as all digital currency supporters. Where most of the countries stayed away from this new innovative technologies, Zug took his own way and built the most advanced ecosystem for the development of blockchain and ICO projects.

There are hundreds of startups rush to this Swiss town in order to establish their business, register a company and conduct an Initial Coin Offering, selling the tokens to investors. As per the Crypto Valley Association study, in 2017 Swiss-based companies raised more than $600 million during crowd sales which made more than 15% of the global ICO market, worth about $4 billion.

Recently Singapore has remained the main crypto hub in the Asian region. Representatives of Central Bank see a huge potential in the blockchain technology and thus pursue a fairly soft policy in this area. According to the Reuters agency, the Philippine government intends to license about 10 cryptocurrency platforms and blockchain companies permitting them to operate within the Cagayan Special Economic Zone, develop cryptocurrency funds, Initial Coin Offers or go in exchange. To take advantage of this economic zone preferences, companies should invest at least $1 million over 2 years and pay license fees of $100,000.

Representatives of the financial technology company Noah Project, build an international blockchain ecosystem offering various services to cryptocurrency owners and also get commented on the exciting news from the Philippines.

“The distributed ledger technology can be applied in many ways – to ensure fast and seamless payments, transparent and fair transactions, protection of assets and vulnerable confidential data,” says Josef Werker, spokesperson for Noah Foundation – a parent organization of the Noah Project. “Virtual currencies being a form of the blockchain implementation, possess enormous potential especially in the areas of finance, banking and investment. It’s pleasure to see that the world becomes more friendly to digital money and gives new opportunities for creating and growing business powered by blockchain. Surely, this is only the beginning.”

The Noah Project team is also working to create a large-scale cryptocurrency infrastructure for everyone which include business, traders, and customers.

The Noah Project encompasses several directions which include a modern payment system which is based on NoahCoin virtual currency, convenient Noah crypto wallet, and the world’s first crypto City, where Noah token holders will have access, special privileges, discounts, cash backs and loyalty programs. According to Noah’s plan, the future City will become a paradise for all crypto enthusiasts like with shops, restaurants, hotels and even resorts.

In early 2018 the Noah Project successfully completed an ICO and now its coins are listed and traded HitBTC and Changelly cryptocurrency exchanges. The team is also actively working on the company’s expansion and implementation of the Noah’s products.

Avatar of Techniblogic

By Techniblogic

Get Top Technology Reviews and Updates . Techniblogic provide you the Top Tech Reviews of Latest gadgets as well as Tech Guide.

Leave a comment

Your email address will not be published. Required fields are marked *