Singapore-Based DBS Bank to Launch Digital Coin via Offshore Entity, Digibank

[kreslik.news]

Digibank, a digital-only bank service offered by DBS Bank, has announced a partnership with Jubilee Exchange with the aim of creating a new digital coin called DGCoin, according to a Digibank press release.

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The statement calls the coin “a transactional cryptocurrency developed to create a decentralized and globally deployed online infrastructure that would be the foundation of providing global banking and financial services to the masses”. Its blockchain is called DIGI, standing for ‘decentralized intelligent global instruction’.

The project will begin this year, and develop in four stages. Stage one ... (read more)