DCS Card Centre (DCS) recently announced the official launch of its payment token, DCS Tokens (DUS), which will be first deployed and issued on PlatON Network
This issuance marks a major breakthrough in the field of blockchain payments, demonstrating the determination ofand DCS to use advanced technology to drive innovation in the payment industry. DCS has also become the first financial institution in Singapore to launch an initiative aimed at bridging the transitions between Web2 and Web3 ecosystems after the Monetary Authority of Singapore introduced the Single-Currency Stablecoin Regulatory Framework.
DCS Tokens represent a unique convergence of digital assets and traditional finance. DCS Tokens are tokenized from credit card transactions processed by DCS and can only be returned to DCS for redemption as card spend limits. These tokens are designed to provide value stability and act as a trusted connection between Web3 and card payments globally in Web2.
The redemption of DUS for conversion into increasing a DCS cardholder’s spend limit or paying outstanding balances back to fiat is fast and seamless, as the transaction is executed instantly on D-Vault. D-Vault, a feature within the DCS Cards app, also allows bank transfers and conversion of digital assets. This innovation empowers users to seamlessly optimize and toggle between the convenience and efficiencies of Web2 and Web3.
PlatON is an open financial infrastructure with privacy-preserving computation as its technical feature. Initiated and promoted by the LatticeX Foundation, PlatON aims to become a major blockchain platform in the era of Web3.
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