RoRa Corp. & The Future of Global Currencies

RoRa Corp. & The Future of Global Currencies

New York, New York – Feb 23, 2022 – Cryptocurrencies will play a significant role in the future financial system. The Federal Reserve has stated that it supports a comprehensive regulatory framework for stablecoins and is investigating a central bank digital currency, suggesting that cryptocurrencies will be important in the future economic system.

To put it simply, this implies that central banks, regulators, and the financial sector are all at risk for significant change. These changes may bring many benefits while also posing new and immediate risks. To economists, the advantages of RoRaP and RoRaG stablecoins include cheaper, more secure, real-time, and competitive payments than those currently available. They may rapidly lower costs for firms while also making the administration of cash transfer programs easier for governments and asset holders.

So how should central banks and regulators respond to such rapid growth in this sector? There are three ways to increase money appeal to the strengths of both the public and private sectors. They’re distinct yet not mutually exclusive, and they each have significant potential for established financial companies and fintech and crypto startups. These possibilities will lead to more cooperation between old and new players and rivalry.

  1. Stablecoins are a type of private money. The concept of separating monetary and credit activities has existed for almost one hundred years. Blockchain technology may improve the role of both the public and private sectors in providing money by lowering expenses associated with digital verification. While the public sector might attempt to interact directly with consumers and businesses, the private sector is more likely to do so.

  1. Stablecoins that are not interest-bearing and have stable value versus a specified currency, such as USD $1, are known as sturdy coins. The first commitment ensures the stability of the coin. The issuer agrees to mint and purchases back coins at par. Second, the issuer has assets on hand to guarantee its promise to redeem outstanding stablecoins. The “reserve” establishes confidence that the issuer can repurchase all outstanding coins at any time. The currency of the reference asset should be used to denominate reserve assets that are highly liquid during a crisis and suffer little losses in a run or stressed market scenario. Stablecoins are a form of narrow banks, and they should have 100% reserves in high-quality, liquid assets such as RoRa Corp’s asset class.

  1. Central Banks must deliver the advantages of cash on more efficient digital rails in order to be truly transformative, and they may serve as the public sector’s response to declining physical-cash usage. Those who have access to banks, debit cards, credit cards, and digital wallets in the United States usually consider them to be cash. But they aren’t — they’re liabilities of the private sector companies that issued them. The central bank is responsible for cash. Cash has already been created through digital, central bank money in the United States, and only financial institutions can use it. A CBDC would allow the general public to have access to digital money. Whether a digital dollar is necessary, helpful, or even sane is the subject of an active discussion. The answer largely depends on how the CBDC is dispersed, to whom it is offered, and whether it should be charged interest.

Blockchain technology has the potential to transform the market structure and increase competition. CDBC rails are one approach to effect this, and they may be the only way to ensure that consumers have direct access to central bank money. However, CBDCs are unlikely to appear swiftly, and there is a high chance that they will be less programmable.

Moreover, a far more effective mix would be for the public sector to start with the regulation of stablecoins and then later CBDC issuance on multiple tracks to complement potential flaws that occur from nefarious actors in the private sector… This approach would satisfy consumer and business demands faster, resulting in the birth of a new era of financial institutions within their frameworks.

About RoRa Corp:

RoRa Corp is a collection of disruptors who have embraced blockchain technology in order to identify and eliminate the existing inefficiencies and outdated processes that have plagued previous models. The firm was founded by bankers, cryptocurrency specialists, Fintech consultants, and other alternative investment experts. RoRa Corp is paving the way for digital monetization, allowing asset holders and financial institutions to buy and profit from stable coins and gold coins for their assets. Our objective is to provide 1 million investors and high-quality asset holders the opportunity to benefit from the economic prosperity that a blockchain future promises.

Media Contact
Company Name: RoRa Corp
Contact Person: Alessandro Dos Santos
Email: Send Email
Phone: +18338530322
Address:Av. Ejército Nacional Mexicano 453, Chapultepec Morales, Granada, Miguel Hidalgo
City: 1 1520 Ciudad de México, CDMX
Country: Mexico