We are entering Q4–2018 with very exciting news: The GLX is alive and kicking! Globcoin’s first stable payment token has been successfully deployed on the Ethereum Blockchain and after several internal tests, we can say that the infrastructure is finally set.

The GLX value is linked to 85% of the world economy, through a currency basket of the 15 largest national currencies and Gold.

The GLOBCOIN dev team has reported that they’re working on the listing conditions for Exchanges, as well as implementing KYC & whitelisting for the GLX users. Regarding the Globcoin crypto platform, the team is setting up the bank transfers and crypto-to-GLX purchases as well as GLX & ETH contract wallets.

We already have a strong support from many partners in the industry, including Exchanges and protocols. We will soon announce our first partnership with a worldwide organization that will use GLX as their global means of payment. By linking the GLX to our proven basket of currencies, we have created a coin that is not only stable against most currencies, but is a true store of value and a perfect means of payment — Helie d’Hautefort, Globcoin CEO

This news is very significant and exciting for the team, as we will see the GLX fulfilling its intended original purpose: a stable, reliable, payment token.

Globcoin is achieving its stated milestones, while being aware of the current market flux and carefully treading its path, offering the best value to GCP utility token holders and the best breadth needed by the market in GLX. We are serving our community by a thoroughly plotted escalation policy for our Stablecoin suite — Linda Leaney, Globcoin CFO

With a team of industry experts in several fields with strong professional credentials (and many of them having years of experience in the “traditional” currency management space), Globcoin is offering the world a currency that is safe, secure and trustable, taking stablecoins to the next level.

The next weeks will be full with positive announcements for everyone. This has been a great journey so far, but the best is yet to come.

More info: globcoin.io