Incore Bank selected Tezos for their digital products

Incore Bank finally selected Tezos’s proof-of-stake network to bring their project and services in the banking needs. 

When it comes to blockchain adoption then banks also don’t lag behind the crowd. Because day by day Banks are also coming into this crypto industry with proper legal rights to use the blockchain technology and also the use of crypto assets. 

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Incore Bank joined Tezos under the partnership with Inacta and Crypto Finance Group. 

Incore Bank will use the proof-of-stake network of Tezos blockchain. And they will create their own token DAR-1 on the Tezos network with the use of smart contract features. This will enable Incore Bank to facilitate their banking services & products easily with other banks. 

Since here it is unclear whether the bank will use DAR-1 token to distribute among their clients or they will use it among the bank to bank financial transactions. But the token (DAR-1) that they will issue on Tezos network will comply with all mandatory rules like AML & handling governance, and supporting asset management activities.

Inacta is a separate independent development firm, which will create DAR-1 on Tezos and later together with the Incore Bank they will issue the token by next year. 

Alongside the use of Tezos network, Incore Bank will provide some kinds of useful features & services with the use of other partners of this initiative. 

Here one thing is shocking to know, that Incore bank will offer Texas’s native token stacking facilities to their clients. And users will be able to access stacking features through the e-banking services directly.

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