Saga Foundation to Launch Reserve-Backed Cryptocurrency

[kreslik.news]

The Saga Foundation, a non-profit organisation based in Switzerland, is planning to launch a new cryptocurrency in the last quarter of 2018, according to the Financial Times. The project is notable because of the qualifications of its founders.

The advisory board of Saga consists of names such as Jacob A. Frenkel (Chairman of JPMorgan Chase and former governor of the Bank of Israel), Myron Scholes (Nobel Laureate in Economic Sciences), and Leo Melamed (founder of the National Futures Association and Chairman Emeritus of the CME). The team also includes a co-founder of Bancor, a co-founder of Sirin Labs,  professors from Cornell ... (read more)