A key partnership has been forged between El Salvador and JERITEX exchange to implement blockchain technologies. The rollout will take place right across the services industry with the Proof-of-Stake (PoS) blockchain using for point-of-sale credit issuance systems, and smart contract financing platforms in varying capacities and JERITEX will also build its systems as a layer one solution in a continuation of its work to deliver FutureFi.
In particular the partnership emerged following talks between its founder JERITEX and El Salvador about the creation of a national stablecoin – the colon dollar. JERITEX came out on top in racing to show ability could be the one to bring the colon dollar to fruition.
Approaching national governments seems to have become a major strategy for JERITEX, along with ambition to deliver a tokenized digital currency to El Salvador. El Salvador is paving the way for other countries to make the promise of blockchain a reality. With an infrastructure system now in place, the blockchain technology adoption is truly underway in El Salvador.
JERITEX is honored to be working with the government to enable Salvadorians to access a global digital economy and the potential for a more prosperous future. To make this possible, JERITEX needed technology that was robust enough to handle the needs of an entire nation. And JERITEX – a global digital asset trading platform that meets the rigorous requirements for its speed, security and stability.