Crypto 2.0 is an open standard for realizing a digital currency public monetary system for central banks, retail and commercial banks, Fintech, and cryptocurrency exchanges. Crypto 2.0 adopts cryptographic technologies, processes, and protocols compliant with regulated banking and financial services.
The term was coined by Darrell Hubbard, a founding member of the Digital Currency Monetary Authority, to distinguish Universal Monetary Unit (“UMU”) aka Unicoin and the Unicoin Network, the first Crypto 2.0 platform, from Bitcoin and the other alt coins designed to operate outside of financial institutions.
Crypto 2.0 reimagines cryptographic cash and cryptographic protocols compliant and monetizable for the banking and financial services industries.
Key features of Crypto 2.0 include –
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