{"id":3359,"date":"2016-10-25T16:18:52","date_gmt":"2016-10-25T13:18:52","guid":{"rendered":"https:\/\/forklog.media\/?p=3359"},"modified":"2016-10-27T10:55:16","modified_gmt":"2016-10-27T07:55:16","slug":"russian-professor-to-launch-copernicus-gold-a-cryptocurrency-alternative-for-swift","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/russian-professor-to-launch-copernicus-gold-a-cryptocurrency-alternative-for-swift\/","title":{"rendered":"Russian Professor to Launch Copernicus Gold, a New Cryptocurrency Payment System"},"content":{"rendered":"<p>Professor Vladimir Frolov, who has founded several regional banks in Russia in the past, has announced a new payments system based on cryptotechnologies. According Frolov&#8217;s recent Facebook post, the project dubbed Copernicus Gold will kick off in early 2017 in Singapore.<!--more--><\/p>\n<p>The project was first announced last summer. Fifteen pre-selected participants are going to proceed with testing the system soon. <\/p>\n<p><iframe loading=\"lazy\" style=\"border: none; overflow: hidden;\" src=\"https:\/\/www.facebook.com\/plugins\/post.php?href=https%3A%2F%2Fwww.facebook.com%2FFrolov.anr%2Fposts%2F549920508535470&amp;width=500\" width=\"500\" height=\"247\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<blockquote><p><strong>\u00e2\u20ac\u015bWe&#8217;ve already reached the level of a thousand transactions per second, which means that in case of a uniform load there may be up to 100 million transactions a day. Our project does not take deposits, and it has nothing to do with credits or speculation markets. Our customers&#8217; money is located in bank accounts, so the risks are equal to those of a bank that services us. For instance, if you connect to the Central Bank and open a correspondent account there, your risks will be the same as the Central Bank&#8217;s,\u00e2\u20ac\u0165 <\/strong>Frolov says.<\/p><\/blockquote>\n<p>According to the project&#8217;s founders, the system&#8217;s reliability and operability are maintained by the blockchain technology, while the remittances are backed with gold.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Professor Vladimir Frolov, who has founded several regional banks in Russia in the past, has announced a new payments system based on cryptotechnologies. According Frolov&#8217;s recent Facebook post, the project dubbed Copernicus Gold will kick off in early 2017 in Singapore.<\/p>\n","protected":false},"author":1,"featured_media":2235,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[582,27,116],"class_list":["post-3359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-copernicus-gold","tag-russia","tag-swift"],"aioseo_notices":[],"amp_enabled":true,"views":"86","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/3359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=3359"}],"version-history":[{"count":4,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/3359\/revisions"}],"predecessor-version":[{"id":3381,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/3359\/revisions\/3381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/2235"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=3359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=3359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=3359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}