Firmo, a company based in Copenhagen, Denmark, specializing in bringing financial contracts to the blockchain has created a crypto-currency infrastructure with the launch of its contract engine today. Providing exchanges with a significant degree of safety and security, the Firmo platform enables the creation of smart derivatives and financial instruments, something that hardly exists on most blockchains.
In essence, the idea is a simple one. Firmo acts as a protocol layer and offers all the major blockchain platforms, exchanges, and liquidity networks, such as Bancor, the ability to construct automated financial contracts that are enforceable.
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