No holidays for crypto in Europe! Although the weather has cooled in the past weeks here, it is warming up on the crypto scene. The most interesting news came from financial giant Deutsche Bank, announcing “rebuilding the business model after 150 years”, and from Roberto Hroval who confirmed the arrival of the first industrial crypto coin, PP8.
Deutsche Bank: disruptors are shaking the system
At the beginning of July, Christian Sewing, Deutsche Bank CEO confessed that after a century and a half, the largest German banking institution in the world, operating in 58 countries, including Americas and Asia, needs more than adjustments to survive. It needs transformation.
Sewing said the bank needs to “fundamentally reshape their infrastructure.” According to that, they are ready to invest a whopping thirteen billion euros in technology in the next three to four years.
The other side of the equation is even more nasty and concerning. They would need to cut 18.000 jobs. Obviously, technology is taking over human labor.
Not that we didn’t expect anything like that. After all, Christine Lagarde, IMF Managing Director, said a few months ago that the banking system is transforming, thanks to new technologies like digital currencies. “You have incumbents, the banks – commercial banks – and you have the disruptors,” she said at the beginning of the interview with CNBS, “and clearly the disruptors are having an impact on the incumbents. We just heard a very large systemic bank here saying that they are launching a digital coin, currently piloted in a way within the institutional clients, but to be scaled beyond that.”
She shared news from the European Central Bank that “they have launched in November something called TIPS that enables all the banks in the EU zone to transfer money between them instantly and virtually at no cost.”
Lagarde didn’t specifically mention crypto coins here, but she did in the next sentence: “The role of the disruptors and anything that is using distributed ledger technology, whether you call it crypto, assets, currencies, or whatever – and it is far from the Bitcoins that we used to talk about a year ago – that is clearly shaking the system.”
If we put two and two together – and add what Deutsche bank published on their website about the future of banking (hint: it is digital) – we can assume that digital banking revolution is knocking on the front door. Better times for the customers? Too soon to tell.
Roberto Hroval: industrial coin PP8 is built to change the future
You probably haven´t heard of Roberto Hroval or his company, PatentReal Corporation. He has nothing to do with banks, but he and his company can play a significant role in the upcoming crypto evolution.
After launching dozens of various projects “old school” way, he decided to go public via a digital coin. He chose his biggest and most promising project: “waste to energy” program called Project Phoenix8 (PP8), powered by Product Reincarnation Technology™, or PRT. This is a green way for “molecular degradation” of garbage, mainly worn-out tires and scrap plastic, with 98% monetization.
Said another way, 98% of everything you put in on one side, you sell at the end – in a form of fuel, carbon black, or electricity. This is way ahead of recycling and green handling of waste.
So, how exactly does PP8 fit the crypto market? The main difference lies in tangible assets. “I often say that we need ´cryptangible economy,´ a combination of tangible, trustworthy, mainstream industrial projects, backed-up with crypto-blockchain technologies. That’s what we have here: big, modern, and robust plant, ready to transform waste into goods,” said the founder and chairman of Hong Kong-based PatentReal Corp with offices in China and Europe.
Another advantage of project Phoenix8 is transparency with no surprises. This is not ICO (Initial Coin Offering), but ICPO – Industrial Coin Private Offering.
“Classic ICOs are usually faced with two problems. The first is the ability and capability to finish the project. That is, to fulfill the promises timely and efficiently. Unfortunately, almost all ICOs are startups with no clue if their idea is feasible, much less profitable. The other problem is convincing the market to buy it. You can build the best technology, but if no one is willing to pay for it, nothing will help.
“I am very aware of these traps, and that’s why we have chosen Project Phoenix8 for crypto launch. The technology is already built, working wonderfully for more than eight years, and has even been verified by the world´s leading testing and inspection company, Bureau Veritas. On the other hand, we have signed contracts for selling output materials, meaning we’ll sell everything produced. No guessing here if our Phoenix will fly,” concluded Hroval. He also revealed that demand for his technology is huge.
Product Reincarnation Technology™, the heart of Project Phoenix8, solves two big problems: first, how to ecologically degrade waste into sellable materials, and second, where to get cheap green alternative energy. Accordingly, the Phoenix8 project is set for a long run. “For few decades at least, with no major adjustments,” predicts the founder.
Thanks to very low working temperature, the process requires little energy. Consequently, the cost of production is low. “The other important data is the purity of the output materials,” explains Roberto Hroval, “our fuel is so clean that it needs no further processing. That way, the profit is bigger.”
Does this sound like a lucrative investment? Jorgen Nielsen, CEO of MTS INVEST, Global Green Field Investments from Denmark, recently stated: “If you missed the ´garage days of Bill Gates, ́ this could be your next chance to make a lot of money…” The 22 billion euros project is not only a whale in a crypto sea, but could massively influence global environmental awareness.
Hroval believes that industrial coin offerings can be exactly what the crypto market needs right now. “ICPO coins are very suitable for all industries with high added value, like robotics, AI, pharmaceutics, waste and energy management, telecommunications, transportation… These can be completely adapted to the new era of cryptangible economy,” explained in the article for London Tribune.
PatentReal Corp plans to start building the first “plant that eats garbage to produce energy” in Europe later this year. Owners of PP8 coins will be able to buy fuel with them or sell them on crypto exchanges. Above all, they will certainly be part of a new global movement.
Want to make a difference in the world? One of the best ways is to support new technologies you resonate with. If you choose the right one, you will also laugh all the way to the bank.
PP8 and ICPO are the new stars on the horizon. Will they shine? We will definitely monitor their progress and placement into the unpredictable crypto jungle. Stay tuned for the next chapter.