Reported The Block, DCS Card Centre (DCS) recently announced the launch of its payment token DCS Tokens (DUS), which will be first deployed and issued on PlatON network.
DCS Card Centre is a financial institution licensed to carry on the business of issuing credit cards in Singapore. The company is a exclusive franchisee of Diners Club International.
DCS Tokens are tokenized from credit card transactions processed by DCS and can only be returned to DCS for redemption as card spend limits. These tokens are designed to provide value stability (1USD: 1DUS) and act as a trusted connection between Web3 and card payments globally in Web2.
PlatON, initiated and driven by the LatticeX Foundation, is a Internet infrastructure protocol based on the fundamental properties of blockchain and supported by the privacy-preserving computation network, with “computing interoperability” as its core feature.
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