"Sovereign Wallet Network (SWN) seeks to address the un-federated nature of digital currencies while also solving the scalability trilemma of the blockchain industry. MetaMUI is the 1st Identity-based blockchain to truly enable regulated, identity-based Peer-to-Peer (P2P) transactions, it can be used as the cornerstone for most financial offerings, with its high versatility and support for custom-developed use cases that enable Central Bank Digital Currencies (CBDC) implementation and issuance easily on the MetaMUI CBDC platform."
The Birri Gubba Nation, an Australian indigenous sovereign nation, has signed a memorandum of understanding (MOU) with Sovereign Wallet, to establish a comprehensive national digital identity system to serve as account addresses for sovereign digital currency. Sovereign Wallet is a blockchain technology company that developed the MetaMUI CBDC Cloud Service for creating digital currencies, which the Yidinji Nation, another Australian indigenous nation, used to launch its Yidindji Dollar (SYD) in 2022. The Birri Gubba Nation national identity and digital currency systems are set to go live in September 2024. If it is structured like the Yidindji Dollar, it will be pegged to the Australian dollar (AUD), although the mechanism hasn't been revealed.
"Sovereign Wallet Network (SWN) Global is working to revolutionalize the global financial space and create an ecosystem of products that foster the future of finance through our MetaMUI self-sovereign-identity-based blockchain."
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