- Quant price surges by 16% despite other currencies having a gloomy month.
- Experts believe that Quant’s unique position could be utilized in the design of CBDC.
- CEO of Quant sees a win-win situation while the public fear the adoption of CBDC.
The Quant Network’s QNT-USD coin price skyrocketed through September reaching almost a 50% hike despite many blue-chip cryptocurrencies having quite a gloomy month.
Moreover, the QNT-USD, the UK-based cryptocurrency which holds 34th place in the sector’s market cap rankings is priced at $141.51 at the time of writing, according to CoinMarketCap. Quant is up 6.33% during the last 24 hours and has a 24-hour trading volume of $ 62,874,795.
Notably, it is believed that in an environment where blockchain is embraced and distributed ledger technology is proliferating, Quant as a company offering an interoperable ecosystem to unlock the power of blockchain could become the core system. More so, as per sources, Quant is positioned as the glue that joins the world’s public and private blockchains together.
As such, experts in the industry believe this unique position that Quant holds can be utilized in the design of Central Bank Digital Currencies (CBDCs) across the globe.
Meanwhile, earlier in late September, Gilbert Verdian the CEO of Quant Network while attending CordaCon2022, a flagship conference on business use cases and emerging trends in the modernization of financial services, tweeted that what we are seeing is a natural evolution of technology. Furthermore, he tweeted:
“What we’re seeing is a natural evolution of technology,” says @gverdian “The operational efficiencies are a win-win for all participants. What’s really exciting is tokenised money sitting alongside digital assets.”#CordaCon2022 pic.twitter.com/yozuqDweNC
— Quant (@quant_network) September 27, 2022
Although as per Verdian’s Twitter post the operational efficiencies are a win-win for all participants, the public believes that programmable money could be used to coerce and control vast populations. To add to it, the public fear that every CBDC transaction will be monitored by the government. However, there seems to lack no excitement in some investors.
Recently according to the data shared by Sanitments crypto-metrics analysis firms, whales who held 100-1000 Quant coins have expanded their portfolio by 15.4% in the past five months.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
