Green World Fintech Services announced the ‘Taiwan Digital Token,’ a ‘Stablecoin’ based on the Ethereum block-chain network

Taiwan News
Date: 2018/07/09
By: Duncan DeAeth, Taiwan News, Staff Writer

TAIPEI (Taiwan News) – Taiwanese company Green World Fintech

Services announced last week, that it is introducing a new digital currency into the country’s financial markets, and one that will be pegged to the value of the New Taiwan Dollar (NTD).

The new digital currency, referred to as a stablecoin, is reportedly being created using the Ethereum network, and will be called the Taiwan Digital Token (TWDT). According to reports, the value of the currency will be calculated according the NTD market, and traded according to the standardized digital rule set known as ERC20.

ERC stands for “Ethereum Request for Comments” and “20” is a proposal ID number. The term signifies a standardized protocol that allows digital currencies to interact with each other, and thereby be traded, sent, or received.    [FULL  STORY]