Quintes’ technical team is a powerhouse of talent, featuring elite token engineers and data scientists from industry giants like ConsenSys, Binance, Algorand, and Morgan Stanley.
The development and engineering of Quintes Protocol is grounded in rigorous research conducted by Kitabq Research Lab, which was founded by Al Kharashi. Over two years, Kitabq’s cryptonomics research has been instrumental in shaping Quintes’ architecture and mechanisms. More details on its cutting-edge research can be explored at Kitabq’s official website, www.kitabq.com.
The decision to file for a WIPO PCT patent underscores Al Kharashi’s commitment to protecting Quintes’ pioneering engineering on a global scale. This strategic move ensures that Quintes’ innovative protocol is safeguarded as it seeks patent protection in numerous countries, providing a robust foundation for its international expansion, future success and eventual preparation to become open source.
The Quintes Protocol is set to revolutionize the market with its groundbreaking cryptonomics. By employing innovative mechanisms, it reimagines financial instruments, offering a compelling alternative to equities, commodities, and digital assets. This transformative approach positions the protocol to deliver competitive performance while challenging the status quo of traditional financial systems.
The market rally, fueled by institutional interest and favorable regulatory developments, was further triggered by Bitcoin crossing the $100,000 milestone for the first time and consolidating it as the flagship digital asset.
Bitcoin continues to dominate the crypto market, maintaining a 56% market share as global capitalization climbs to $3.8 trillion.
Bitcoin has started a fresh decline, approaching the crucial $93,257 support level that has proven to be a battleground for bulls lately. Thus, the question remains whether buyers can regain control and defend this level once more.
In November 2023, the Monetary Authority of Singapore released a regulatory framework aimed at enhancing the stability of single-currency stablecoins. As previously reported by crypto.news, the regulations apply to non-bank issuers of single-currency stablecoins linked to the Singapore dollar or other G10 currencies, if their circulation goes over S$5 million.
The firm’s shift to stablecoin payments reflect a wider adoption trend going on in Singapore. According to data from Chainalysis,](https://www.chainalysis.com/blog/central-southern-asia-crypto-adoption-2024/),) stablecoin payments in Singapore have surged to almost $1 billion USD in the second quarter of 2024. Compared to the first quarter of 2024, this value went up 100% from nearly reaching $500 million.
Stablecoins have grown in popularity for banks and other payment firms in many parts around the world due to their value reliability, as it is pegged to fiat currencies, most often the U.S dollar.