Summary of Content
Quant (QNT) Partnerships with BIS and BoE
Quant has partnered with financial giants, including the Bank of England and the Bank for International Settlements (BIS), to develop distributed ledger technology solutions for the global financial market. These partnerships, in preparation for Project Rosalind, aim to explore the use of CBDCs in retail payments. Market experts believe that Quant could see significant gains from these collaborations, particularly with BIS operating in over 150 global markets. However, Quant still needs to upgrade its network structure to compete with industry leader Ripple.
Quant’s New Patent for Blockchain Transactions
Quant has obtained a patent for blockchain transactions in chronological order, aiming to revolutionize transaction processing on DLT. This patent could improve security, efficiency, and transparency in blockchain technology. Quant’s general counsel, Helen Kemmitt, emphasizes the significance of this patent in recognizing the firm as a true innovator.
Quant’s Price and Potential Recovery
After experiencing strong growth in July, the Quant price has recently dropped. However, some analysts believe that the project could see a recovery and even make a significant move. The influence of Bitcoin on the market is a factor to consider, as Bitcoin’s price drop tends to impact the rest of the market. Despite this, Quant has shown the ability to perform independently if there is a strong catalyst.
BTC20 Steals Spotlight
BTC20 is a project launched on Ethereum’s network that aims to provide opportunities for investors to get back into Bitcoin. The project gained massive approval and generated significant interest among investors, leading to a rapid completion of the presale. No more BTC20 tokens are available, except for those obtained during the presale.
Hot Take
Quant’s partnerships with esteemed financial institutions and its innovative patent for blockchain transactions showcase its potential for growth and advancement. While competition with Ripple remains a challenge, the unique path Quant has forged gives hope for its success. The market’s recovery and Bitcoin’s influence will play a role in determining Quant’s future, but the project has shown resilience and the ability to perform independently. BTC20’s launch on Ethereum’s network demonstrates the continued interest in Bitcoin and the opportunities it presents for investors.
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