What you need to know about APEX Financial’s new AMP-backed products
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The Financial Services and Markets Association (FMSA) has decided to provide AMP platform platforms with its latest version of its AMP Platform, the first to include its own crypto-currencies and exchange features.
The FMSA had earlier announced that it was also introducing AMP tokens.
AMP, or alternative blockchain, is a digital asset platform which aims to provide a digital ecosystem with a low cost of exchange.
FMSB is now offering a version of AMP called AMPX.
While AMP is a decentralised and decentralized platform, AMPx is a platform which offers a more centralized model to facilitate the issuance of new AMPs.
Like other cryptocurrencies, AMPs can be traded on exchanges such as Bitstamp or Kraken, or issued by an exchange.
The FBSA will release AMP platforms and exchange software in a few months, with a view to the market opening up by the end of 2019.
As per a statement issued by the FBS, the AMP token will be made available to banks and financial institutions as a token, and will have a limited supply of 10 million.
In a statement, the FMSB said the AMPs would be used for digital assets which will be used to manage investments and fund the activities of the banks and other financial institutions.
The new AMPK token will also be offered to banks in a limited manner.
The FBSB will have no further role in its development, it added.
In the statement, FBSC also stated that AMP will be utilised for the payment and settlement of digital assets such as crypto-currency and fiat currency.
It added that AMPK will be the “first to integrate the AMPK crypto-token and AMP blockchain”.
The AMPK platform will be offered for use by all financial institutions in the financial sector, including banks and brokerage firms, according to the FSSB.
The Financial Services and Markets Association (FMSA) has decided to provide AMP platform platforms with its latest version of its…