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What does Yuanbao Network abc mean (what is the relationship between bcex and Yuanbao Network)

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What does Yuanbao Network abc mean (what is the relationship between bcex and Yuanbao Network)

What does Yuanbao ABC mean? Yuanbao is a globally renowned blockchain application development platform, with its official website introduced as “Easy to Understand Smart Wallet”. Simply understood, it is possible to register and log in to an account using apps such as WeChat and Weibo. After registering with this account through a mobile phone number, transactions can proceed. Yuanbao is called a.b.c in English, which means a digital asset management tool and a financial service platform. Users can use this system to deposit, transfer, manage wealth, and other operations

Specifically, Yuanbao website has two sub domains: one is named after Bitcoin, and the other is Ethereum. Among them, Bitcoin is a term in the field of Cryptocurrency. It is called “gold” because it is used as a medium of exchange for value storage and speculative transactions. But unlike other Cryptocurrency, Bitcoin is circulated through the Internet, used as a means of payment, and also a commodity, so people will choose Bitcoin as a payment method when they buy it

What is the relationship between bcex and Yuanbao.

According to official sources from bcex, the relationship with Yuanbao is currently unclear

It is said that Bitera, Meitu and Minan have all supported Bitcoin trading against BCEX (currency in Europe), but its founder Li Xiaolai said that he did not trust Bcex; In addition, a netizen recently disclosed that Block.one, the parent company of Cryptocurrency exchange Bitex.com, is also acquiring 100% of the equity of CICC International Group Holdings Co., Ltd., China’s largest virtual currency investment platform, which is suspected to involve China’s largest financial investment service provider.

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