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FTX exchange offers $1 million prize for banks to accept stablecoins

Paraguay, San Pedro, Lima
Published 4 years ago
ID #1149
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FTX exchange offers $1 million prize for banks to accept stablecoins
Paraguay, San Pedro, Lima,
Published 4 years ago

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Cryptocurrency derivatives exchange FTX is inviting banks to come forward and discuss the possibility of accepting stablecoins in exchange for a million dollar reward.

In a Twitter (NYSE: TWTR) message posted on Tuesday, FTX said it was exploring the possibility of establishing relationships with banks in different regions to allow users to make "near-instant and near-free deposits and withdrawals" via stablecoins. 

The exchange floated the idea of offering a $1 million prize to the first bank in each region to accept the tokens, but hinted that it would be open to giving more.


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How much would it cost to convince a bank to accept stablecoins? If we offered a prize of $1 million for the first bank in each region to do so, is that enough? You work for a bank and want to discuss this?

exchange FTX 

stablecoins banks 

banks FTX 



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    antony
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    antony
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    X-NODE Location

    Paraguay, San Pedro, Lima
    San Pedro St 300