Editor: WaZhe
Graphics: Himalayan Meower, ericlau-Dragon, WaZhe
Translator: langford
Beginning on March 24, 2022, G-Fashion, a global luxury brand with the world’s top designer custom series, officially accepts Himalaya Payment (PAY) for customers to purchase high-quality fashion apparel and jewelry designed and produced by the company in HDO digital currency. This sets a new milestone in the adoption and circulation of digital currency.
Looking back at the history of digital currency, the first-generation digital currency Bitcoin opened the vision of human non-physical currency. Bitcoin’s feature of decentralization also means no management and zero responsibility, and this leads to its only use by speculators and money laundry. Although the second-generation digital currency has addressed some of the limitation of Bitcoin, it still cannot meet the requirements of being a circulating currency.
The HDO and HCN issued by Himalaya Exchange adopt a strict KYC validating procedure, and any non-conforming customer isn’t allowed for account opening. New blockchain technology is employed to meet the requirements of both privacy protection and fast transaction. This is currently the only digital currency that has the advantages of blockchain technology encryption, practical market liquidity and regulatability. G-Fashion’s acceptance of HPay and HDO opens a new era of digital currency.
With HPay allowing individuals to make transactions between peers and its recent adoption by GFashion, we are entering a new brand era of digital currency. This also means that traditional banks and governments with seigniorage and pricing power will no longer have the ability to control personal wealth.
News source: https://gnews.org/post/p2239438/
