Crypto investing and utility usage created an asset class. GTB registered with FINTRAC builds this asset class with the release of its new KITES service. Further information can be found at https://treatybank.com
Indigenous Crypto Economy. Earlier today, Global Treaty Bank finally announced the beginning of its programmable KITES crypto asset framework. KITES in an Indigenous crypto context means keeping, investing, tithing, exchanging, and saving. Many of these elements may face legislative gravity when it comes to Indigenous peoples based on the community well-being index. This index can be found at the now named Indigenous Services Canada, formally known as the department of Indian Affairs of the Canadian federal government.
Perhaps these elements require defining because they are related to the economics of an Indigenous crypto economy. We are releasing our new service KITES, which has been in development since May 2017. The main aim is to give Indigenous peoples an opportunity to get involved in the local crypto economy at their convenience and readiness... but it does so, with a difference. The difference being the recognition of latent asset potential at the local community level.
Guy Dumas, Founder/CEO at Global Treaty Bank, says: "We wanted to expand on the idea of an Indigenous crypto economy. We are releasing our new service called KITES service. The distinction between keeping and saving is distinct in meaning. The other words of invest, tithe, and exchange are common terms known and understood based on current definitions. Anyone familiar with the Indigenous peoples context will probably have noticed how everyone else seems to be focusing on one or two aspects of the crypto universe such as investments and usage case-utility. This Certainly seems to be the case in the broader markets.
Crypto investing and usage utility have an ally called interoperability. There is an evolving third category called interoperability as well. Several companies are already in the space. Nevertheless, this is equivalent to the 257-year problem Indigenous people have faced by being left out (designated inoperable) of the global, regional, and local financial and economic arena for 0ver 257 years."
So as a welcome breath of fresh air, Global Treaty Bank will instead respectively on-board Indigenous peoples at their own pace without any fear or scarcity measures or tactics to motivate anyone to act. Global Treaty Bank chose to make this move because Non-indigenous peoples don't know the truth about the legislations that hold (and continue the designated inoperable status) Indigenous peoples hostage to the whims of the Federal and Provincial (colonial) governments.
Guy Dumas also said, "We want to help faciliate economic freedom and iteration. Transfer payments seen all too familiar and are based on fiat currency. When their fiat collapses, they'll take everyone with them in their fiat implosions. Technology (and mindset) has enabled our new service KITES, new possibility. We strive for learn, earn, and discern...guided by KIISEAYAK-teachings when using our service. Trying something new is always a risk, but it's a risk we believe is worth taking."
Global Treaty Bank has been in business for four years, being established in May 2017. Since Day 1, GTB has always aimed to get people immersed in an Indigenous crypto economy. An Indigenous crypto economy allows another financial and economic technology to elevate the quality of life of Indigenous peoples on their own terms.
This isn't the first time Global Treaty Bank has defied convention either. In May 2017 they caused a stir when I was forced to change the name from International Treat Bank to Global Treaty Bank because a state (colonial) government didn't understand sovereignty..
We have released KITES launched May 2021. To find out more about the service and Global Treaty Bank, feel free to visit https://treatybank.com
