RATE Group | UK Royal Mint to Provide Custody for New Cryptocurrency
54438
post-template-default,single,single-post,postid-54438,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

UK Royal Mint to Provide Custody for New Cryptocurrency

15 Jul UK Royal Mint to Provide Custody for New Cryptocurrency

Posted at 13:25h in Cryptocurrency News by

[ad_1]

Royal Mint, a government-owned manufacturer of coins in the United Kingdom, will provide crypto custodial services for the first time ever, according to a press release shared with Cointelegraph on July 15.

The 1,100 year-old financial institution is participating in the launch of new cryptocurrency temtum (TEM), which is expected to go live on July 17. 

Specifically, Royal Mint will act as the storage for temtum genesis private keys and currency reserve, while the original private keys will be stored in the Royal Mint vault forever, the press release notes.

The transaction data will be written on temtum’s Temporal blockchain, the company said, adding that TEM will be initially launched for purchases and trading on CoinAll, a major Hong Kong-based crypto exchange and a strategic partner of major global exchange OKEx.

On the official website of the project, temtum is described as a zero-fee peer-to-peer cryptocurrency supporting Temporal Blockchain network to create a “new world…

[ad_2]

Source link

Tags:
, , , , ,