Ameribor is an alternative backed by the American Financial Exchange (AFX) and Cboe Futures and will use a permissioned version of ethereum and two tokens to do the same thing. In the case of Ameribor, AFX will mint two non-fungible tokens for each party in a transaction. Between 2012 and 2015 billions of dollars in fines and settlements were levied against the Libor banks who manipulated the rate to their benefit. Now, in addition to AFX’s work with Ameribor, Giancarlo says a number of specialized alternatives are rushing to meet the demand for trust-worthy, transparent alternatives. “So I believe Ameribor is the right thing for America’s medium and small banks, and I really believe in market diversity.”

Source: Forbes November 19, 2019 16:17 UTC