Maybank malaysia forex rate

Livestock on the Blockchain

Banks are conservative and on the surface, they are portraying they hate cryptocurrency! Just look at the famous comment by Jamie Dimon who first says that he is going to fire any employee who buys Bitcoin but suddenly has an attack of conscience and now "regrets calling Bitcoin a Fraud". Of course, the firm he helms, JP Morgan Chase, was caught with its pants down buying Bitcoin as Mr. Dimon sent it plunging from US$5000 to US$3,000!! Brilliant move.
So it should come as no surprise if we find mainstream banks clandestinely supporting Bitcoin or Cryptocurrencies. But what I do find surprising is that there is one initiative support by our Maybank, the Malaysian Banking Giant! Now that is super cool, but what really makes it surprising is this initiative is for the UNBANKED, the segment of the population (the bottom 40% or B40 as our Government refers to them perhaps) that does not have a bank account or is simply not profitable as customers
And the initiative is with Sentinel Chain which now aims to unlock the value of the "hidden assets" which most farmers have, which is LIVESTOCK. Have you ever been to a kampung in the heartland? These are good working folks but they often lack the capital to expand their business. Now, if we could collateralise their assets (here it's livestock, or to put it in Crypto terms the Tokenisation of Livestock) then it would provide them with sufficient capital for expansion or for times when money is needed (imagine that it's the start of the school year but the livestock they have is still not in a position to be "monetised" - borrowing against your assets. This will ultimately bring various financial services to the unbanked such as banking, credit facilities, insurance and even crowdfunding. In short, it uses the spirit of Blockchain to attack a niche area in Agriculture (livestock) and attempts to liberate the farmers from the yolk of Poverty.
And considering that the rural folks form the backbone of the voter base of Malaysia (do you that FELDA alone can sway 50 Parliament seats?) this could be a strategic project in collaboration with the Government of ASEAN countries which have a high percentage agrarian base. And bringing these facilities together with ASEAN giant Maybank is a stroke of genius IMHO. Hello, CIMB, are you around to hear this?
Among the Services that Sentinel Chain will provide are listed below, which now looks like a menu from a financial services Supermart. Have you ever heard of crowdfunding services offered by a Bank?
Well, this seems to all fine and dandy and brings us to a farmer utopia world but how are we to identify the livestock (which have legs and wings by the way) which belong to a particular farmer? It uses an innovative Identification tag for Livestock.
In short, the core components are of this entire ecosystem which also features a Private Blockchain are:
Livestock RFID Tag - a tamper proof RFID tag attached to the livestock which provides immutability of ownership (asset tracking). Geolocation and timestamp information is affixed.
Cross Pay Mobile App (A mobile walled based on Android-Good move, since I doubt farmers have Apple iPhones!!) - A cryptocurrency token called SENC which is also attached to an LCT (Local Cross Pay Token) denominated in the users local native currency (there will be an LCT Ringgit for Malaysia, Baht for Thailand and Pesos for the Philippines are some examples). This avoids the issue of Forex conversion rates and makes usage and business transactions seamless across borders. Cross pay will operate across many countries.
B2B Marketplace - This puts all the components together as a Private blockchain so users can access financial services from providers all over ASEAN. There will be multiple Cross Pay blockchain in different countries
Ok, so now I understand. Could Maybank be secretly backing up all these ICOs and emerge as the Blockchain champion of ASEAN in the future? Leaving rivals such as CIMB in the dust as it moves aggressively into an untapped market? This is such a great ICO opportunity that I am surprised that the ruling coalition (Barisan Nasional) has figured out an idea like this. Releasing the rural folks and bringing them financial facilities of the 21st Century through Blockchain.
This is definitely an investable project in my opinion as it will break existing glass walls to the problems of the unbanked in many ASEAN countries. So there, now even farmers can go to the MOON with Sentinel Chain!!
This is a classic example that blockchain is capable of addressing real-world issues and I would certainly love to see more projects similar to Sentinel Chain in the near future. Meanwhile, you can Google them up for more information. They have an active Telegram community: and you can find further details on their announcement channel:

senc #sentinelchain #blockchain #livestock #insurance #maybank#fenbushicapital #crosspay #iglobepartners #infocorp #mediashares#crowdo #vechain #proofofsupport

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Maybank is not responsible for the use of information by other parties. To obtain information on the used exchange rate during transaction, please contact the nearest Maybank Branch or you may contact Customer Care at (021) 1500611 or via cell phone 69811 in national wide. Free shipping and returns on "Maybank Malaysia Forex Rate Online Wholesale" for you purchase it today !.Find more Cheap Price and More Promotion for Maybank Malaysia Forex Rate Online reviews Maybank Malaysia Forex Rate This will be Maybank Malaysia Forex Rate Sale Brand New for your favorite.Here you'll find reasonable item … READ MORE Maybank Current Account Interest Rates. 2014/12/07 ... As Malaysia's Central Bank, Bank Negara Malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the Malaysian economy. Jalan Dato' Onn, 50480 Kuala Lumpur, Malaysia; 1300 88 5465 (BNMTELELINK) +603 2698 8044 (General line) [email protected] What are Maybank’s exchange rates like? Take a look at a sample of the foreign exchange rates Maybank is offering in the table below, last updated 20 March 2019. When looking at the table, the buying rate is used when you sell a foreign currency to Maybank and converted to Malaysian ringgit in exchange. The selling rate, on the other hand, is ... The rate of inflation set by the Bank Negara Malaysia; The merchandise trade balance; The relative growth of the economy ; The long-term and short-term interest rate differential; The cost of borrowing . FOREX BROKER ACCEPT MALAYSIAN LOCAL BANK. FBS Forex; Tifia Forex; Lite Forex; Just Forex; Share Tweet Pin It Share. Related Posts. Forex Trading in Malaysia . January 21, 2019 January 21, 2019 ... Maybank Credit Card Forex Admin Rates - Amex This is a long overdue post. It was well documented in the Lowyat forum that Maybank (MBB) offers the best conversion rates for their Visa and Mastercard due to their low admin fee. Recently however I noticed that when I used my MBB cards for foreign transactions, the rate was not as great as before. I was not alone, and a discussion started up at ... Malayan Banking Berhad (acting through its various branches and affiliates, “Maybank”) would like to highlight certain matters relating to Maybank’s role in foreign exchange (“FX”) markets and to disclose relevant practices of Maybank when acting in the FX markets. Malaysia Forex exchange rate Malaysia Forex expo maybank Malaysia Forex exchange citibank Malaysia Forex exchange rates majalah Forex Malaysia edisi pertama bank negara Malaysia Forex exchange Forex expo Malaysia 2019 e Forex Malaysia e Forex Malaysia review Malaysia Forex forecast Forex Malaysia free bonus Forex Malaysia facebook Malaysia usd fixed deposit rate Malaysia usd fixed deposit ... Maybank Foreign Exchange Counter Rates. 113.0500 107.3200 107.1200 114.4800 Best Forex Brokers Malaysia for 2020 Steven Hatzakis May 9th, 2020 Home; Guides; Best Forex Brokers Malaysia for 2020 ; The annual forex broker review (four years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test. Trading forex (currencies) in Malaysia is ...

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