APT Systems Announces Milestone with Release of Spera Stablecoin to Testnet
December 17, 2021 at 11:31 pm IST
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APT Systems, Inc. announced it had deployed its Spera stablecoin onto the Testnet as part of its internal testing and quality assurance prior to release of Spera onto the MainNet for distribution. Testnet is an alternative blockchain used for validating cryptocoin functionality and Testnet coins are distinctively different from actual coins as they have no value. But their performance can be measured and evaluated prior to release of cryptocoins to the MainNet, where actual transactions take place in the distributed ledger and the cryptocurrency possesses real economic value. Spera is a true stablecoin, which means that its market value is backed by an actual currency or commodity. In Speras case, its one-dollar value is backed by a combination of US dollars and gold. APT Systems is also developing a wallet to hold Spera that will work seamlessly with its Verifundr digital escrow application. Verifundr uses smart contracts in part, to serve as a neutral third-party to ensure funds are duly released upon both member parties fulfilling their contractual obligations. Blockchain-supported architecture of Verifundr makes it ideally suited for escrow transactions, while Spera provides users the protection from volatility through use of a stablecoin.
APT Systems, Inc. is a fintech company, which is focused on stock trading platforms and visualization solutions for the financial markets for delivery on handheld devices. The Company specializes in the creation of financial platforms and developing payment services to support Verifundr, an escrow platform, along with research tools for traders of all types, with a focus on gatekeeper and data protection functionality. It employs Blockchain distributed ledger technology to enhance transparency in its data management, create smart contracts, and help to reduce fraud in its various forms. It also maintains charting indicators and applications under the brand KenCharts that it intend to expand into tracking cryptocurrencies as well as the traditional equities markets on its Intuitrader platform. It is also developing credentials for verifying and reporting on an accredited investorâs status that are useful in fund-raising undertakings and then managed in escrow.