Received via email at 12:00 PM EST for publication. ~ Dinar Chronicles Direct comment from HSBC – HK Private Bank on Sunday evening (mor…
Sunday, March 5, 2017
Received via email at 12:00 PM EST for publication. ~ Dinar Chronicles
Direct comment from HSBC – HK Private Bank on Sunday evening (morning in US):
“We’re currently taking existing ZIM clients in order, and by the duration of their accounts with the bank, going one by one at a very slow pace to get acclimated with the exchange process.
The plan is to build momentum, speed and numbers, until corporate feels comfortable adding more intake points worldwide.
It feels like we are trying to learn or adjust on the fly, but I don’t know that, it could just be a slow roll out strategy. Maybe both.
It’s not been a “shotgun start” for the ZIM, at least not here in Asia, all other currencies maybe, but those we are told will follow in the near future.
I know corporate wants ZIM holders completely separated from the initial rush, so they’re taking the necessary time to build consensus with the rank and file, as well as taking deliberate precautions to accomplish that end.”