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KBC launches Kate Coin

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Customers will be able to acquire Kate Coins and effectively use them via their Kate Coin wallet in KBC Mobile in a 'closed loop' environment, outside of which the coin has no monetary value.

Kate Coin is fully collateralised by KBC and pegged to the euro on a 1:1 basis, at a rate of 1 euro per Kate Coin. Johan Thijs, CEO KBC Group, comments: "A completely new economy is currently developing on the basis of new technology such as web 3.0, cryptocurrencies, NFTs.

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