The United Allied States (UAS) has partnered with Apollo Fintech to create the first stable national currency. When created, the UAS government hopes to create a free market that supports small businesses.
On the 5th of June, the fintech commented on the partnership:
“Our leadership team is excited to leverage Apollo Fintech’s innovation so that UAS can achieve its mission of efficiently maintaining free-market enterprise across all of its states and territories.”
Also, Apollo fintech has signed a memorandum of agreement (MOA) with Zimbabwean bank C.B.Z. According to a recent tweet, Apollo is working with the bank to develop and implement three of Apollo’s solutions for the country.
The Star reported that one of the three projects is to develop a gold-backed digital currency. This is similar to the UAS’ plan to create the world’s strongest crypto which will also be backed with gold.
In addition, CryptoDaily said that Apollo’s national currency system and the tax system will come together to integrate every tax model. Also, the adaptation will create a transparent collection process that will enable the UAS government to automate tax collection.The charged funds will be directly deposited into the government’s account and no one will be guilty of tax evasion.
Furthermore, upon the launch of the UAS national currency, the government will no longer print money. As noted by CryptoDaily, the UAS government plans to direct funds meant for physical bills to improve the lives of its citizens.
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