“Our vision is to abstract the complexity of blockchain with the familiarity of a GBP denomination, ultimately replacing GBP e-money with our GBP stablecoin,” said Benoit Marzouk, CEO of BCP Technologies in a statement.
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British Pound-Linked Stablecoin Unveiled at BCP Technologies
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CEO Benoit Marzouk stated that BCP intends to back tGBP with UK government bonds in the future in accordance with FCA guidance.
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BCP Technologies’ CEO Benoit Marzouk described the company’s roots in BitcoinPoint, which was an early cash-based crypto access platform, before pivoting to “buy online” app due to regulations
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BCP Technologies’ vision, according to CEO Marzouk, is to replace GBP e-money with a blockchain-based stablecoin that retains GBP familiarity.
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