Terra Nexus in Dubai and Sinohydro Bureau 6 have signed a partnership for the development of mineral resources in West Africa, while also promoting the WFCA token linked to real assets into the commercialization phase.
WFCA, backed by diamonds and rare metals, aims to build a new financial model connecting Blockchain with the real economy, supporting applications such as asset on-chain and cross-border payments.
MAIN CONTENT
WFCA is a token linked to real assets including diamonds and precious metals.
The collaboration between Terra Nexus and Sinohydro focuses on developing mineral resources in West Africa.
WFCA contributes to promoting the Blockchain financial model that connects the real economy with cross-border payment solutions.
How have Terra Nexus and Sinohydro collaborated to develop mineral resources in West Africa?
According to Bitcoin.com, on July 15, Terra Nexus based in Dubai and Sinohydro Bureau 6 signed a Memorandum of Understanding for cooperation in developing mineral resources in West Africa. This is an important starting point for tapping into the diverse potential of the region through the collaboration between Blockchain technology and traditional economics.
This collaboration promotes the application of Blockchain in resource management and sustainable development, creating a solid practical foundation for the WFCA token designed to support rare mineral assets.
The collaboration between Blockchain and real assets is a new path to connect technology with sustainable economic value in the digital age.
Nguyen Hoang Hai, CEO of Terra Nexus, 2024
What is WFCA and what assets is it backed by?
WFCA is a token representing real assets, including diamonds and rare metals, enhancing transparency and liquidity for long-established assets in the digital world. This token is developed to create a new financial model that is both secure and scalable on the Blockchain platform.
WFCA is not only aimed at trade but also supports applications such as asset on-chain and cross-border payments, helping to reduce costs and risks in international transactions.
How will WFCA promote the Blockchain financial model and the real economy?
WFCA represents a new trend in linking Blockchain technology with the traditional economy by providing trusted and transparent solutions for physical assets. This model allows investors to easily access and trade real assets through a decentralized system.
Additionally, WFCA's support on cross-border payment platforms facilitates quick, secure, and low-cost transactions, contributing to the expansion of Blockchain applications in the global economic reality.
WFCA is a clear testament to the powerful combination of Blockchain technology and physical assets in creating groundbreaking financial solutions.
Le Thi Van Anh, Blockchain Finance Expert, 2024
What are the practical benefits of applying real asset tokens like WFCA in the digital economy?
Real asset tokens like WFCA help increase liquidity, transparency, and minimize fraud risk through immutable Blockchain technology. Investors will have the opportunity to access a diverse asset base while leveraging the benefits of quick transactions and lower costs on digital platforms.
For example, using WFCA for cross-border payments helps shorten processing time and reduce costs compared to traditional methods like banks or regular international money transfers.
How can WFCA and similar solutions compete in the Blockchain market?
Criteria WFCA Token Real Assets Other Supported Assets Diamonds, rare metals Land, real estate, gold Main Applications Cross-border payments, asset on-chain Domestic transactions, Staking Liquidity High due to international market and Blockchain standard tokens Lower, dependent on traditional market Transparency Public Blockchain, Automatic Smart Contract Dependent on external assessments, more manual
Frequently Asked Questions
What is the potential application of the WFCA token? WFCA directly links real assets with Blockchain, serving payments and asset tokenization, providing modern, transparent, and secure financial solutions. Who are Terra Nexus and Sinohydro in the field of Blockchain and minerals? Terra Nexus is a Blockchain development unit in Dubai, while Sinohydro is a reputable mineral resource mining and development company from China, collaborating to apply new technology. What specific assets back the token? WFCA is backed by diamonds and rare metals, providing reassurance and increasing reliability for investors. What types of transactions can WFCA support? WFCA supports on-chain asset transactions and cross-border payments, reducing costs and transaction processing time. How do real asset tokens differ from WFCA? WFCA focuses on valuable resources in West Africa with global transaction support, while other tokens often relate to domestic assets or are less transparent.
Source: https://tintucbitcoin.com/terra-nexus-va-sinohydro-thuc-day-wfca/
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