The Bank of Rich Countries is about to launch its corporate customer currency deposit service this fall

On 7 August, the Bank of Rich Countries will launch a token deposit service this fall for corporate clients, with a first phase of support for the dollar to the pound. The service will be connected to its existing payment platform, and eligible transactions can automatically use token deposits as they increase speed, timing or flexibility. The Bank of Rich Countries indicated that the system supported round-the-clock transfers, including weekends and holidays, and planned to include programmable payment functions to release funds once the conditions were met. The relevant deposits remain bank liabilities and retain the corresponding regulatory protection and deposit insurance entitlements for their traditional products. Co-Cosmos Labs Co-Chair CEO Magmar states that the block chains of the banks of rich countries are built using Cosmos technology. The Bank of Rich Countries plans to expand its services to cover more clients, countries and currencies by 2027。