Poltergeist Exchange Partners with Ghost By McAfee to Release a Private Stable Coin and Privacy Exchange

Poltergeist Exchange Partners with Ghost By McAfee to Release a Private Stable Coin and Privacy Exchange

Poltergeist Exchange Partners with Ghost By McAfee to Release a Private Stable Coin and Privacy Exchange

Friday 12th March 2021, St John, Antigua – Poltergeist Exchange has partnered with GHOST by McAfee to bring a private stable coin and privacy dex to the GHOST by McAfee blockchain. Poltergeist Exchange has released their native token GHOUL, and are developing and releasing a side chain with the same name for Ghost by McAfee.

Sidechains for GHOST will open up a variety of interaction possibilities including a full privacy dex using atomic swaps to flawlessly execute cross-chain transactions, a private stabled coin, GHOSTDAI, that is pegged and backed 1:1 with DAI, and more.

“When I was setting the vision for GHOST, I didn’t just see a privacy coin, but an ecosystem of products and services that really encompassed the ideas and values that I think are really important about being able to do business and send value privately.” said Josh Case, the founder of Poltergeist Exchange and Co founder of Ghost by McAfee.

“Nothing can stop us from bringing these ideas to the world. And a lot of these ideas are closer than you may think.”

Poltergeist and Ghost have also brought on other heavy hitters as advisors such as Mate Tokay, Co founder of Bitcoin.com.

“I am really happy to join these projects and help bring a true private crypto currency ecosystem to the world. A real private stable coin will be a game changer” said Mate Tokay.

The experience of the GHOST team & its’ advisors puts GHOST in an advantageous position in a time where DEXs and privacy are in high demand. GHOST can be accessed by anyone, anywhere, at any time.

To sign up and join the next step in DEX advancement, visit the Poltergeist website.

Join the Poltergeist community by visiting Twitter, or chat on Telegram.

About GHOST

GhostbyMcAfee.com is a privacy coin founded by legendary tech pioneer John McAfee, who has continued to promote the project on his Twitter account from his jail cell in Spain.

Compliant Stablecoin Launches in New Zealand

A New Zealand-based firm says it has created the country’s first compliant stablecoin, one backed by the country’s dollar.

According to a press release shared with CoinDesk on Wednesday, the New Zealand dollar stablecoin ($NZDs) is issued by Techemynt, a regulated company with ties to crypto hedge fund Techemy Capital.

Launching today, the cryptocurrency is backed one-to-one by the New Zealand dollar and deployed on the Ethereum blockchain by Blockchain Labs. $NZDs’ code utilizes a framework developed by Coinbase and Circle-founded Centre group.

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“$NZDs combines the stability and value of the New Zealand Dollar with the intrinsic utility of cryptocurrency to allow arbitrage, remittance, and digital payments, while positioning the New Zealand Dollar as a prominent participant in the global digital asset economy,” the company said.

To ensure transparency, reserves of the New Zealand dollar backing the stablecoin are to be confirmed by a “leading accounting firm” with reports delivered on a quarterly basis, according to the firm’s website.

Techemynt is registered as a Financial Service Provider in New Zealand, according to a listing by Companies Office, a governmental department within the Ministry of Business, Innovation and Employment.

The company shares ties with asset investment firm Techemy Capital via its co-founder Fran Strajnar, who told CoinDesk via email that Techemynt had spent nine months with law firm MinterEllisonRuddWatts to “ensure” NZDs was up to regulatory standard.

“I would think that any observer would see [a] material difference in the quality and approach of NZDs compared to other efforts which never took off,” said Strajnar.

New Zealand has seen several attempts at the creation of a stablecoin backed by the dollar. In May 2017, the now-defunct cryptocurrency exchange Cryptopia issued the first unregulated stablecoin, NZDT.

After the exchange’s bank got cold feet citing regulatory concerns, Cryptopia was forced to delist the token. Another attempt at creating the stablecoin was slated for the first quarter of 2019, but not before the exchange suffered a hack that ultimately ended in its liquidation.

Tether Stablecoin Expands Its Reach to Another Blockchain

Disclosure

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