Announcing XDR.money, a substantial upgrade for cryptocurrencies in terms of stability and convenience
XDR.money is pleased to announce the XDR.money cryptocurrency, a substantial upgrade in the market for cryptocurrencies in terms of stability and convenience. The XDR.money currency draws its value directly from the International Monetary Fund’s Special Drawing Rights reserve currency, the internationally recognized standard for reserves based on a basket of the world's four most stable currencies: the U.S. dollar, euro, the Japanese yen, and pound sterling.
XDR.money brings the cryptocurrency into the mainstream in a number of ways. First, the currency does not require knowledge of virtual wallets or difficult to remember code sequences in order to transfer funds. Users can send money directly to an email address or a phone number. XDR.money allows its users to spend money anywhere Visa and Mastercard are accepted. XDR.money also earns interest in the same way as a traditional currency. Converting any currency into XDR.money is easier than moving between many traditional currencies.
XDR.money outpaces the current face of cryptocurrency technology, Bitcoin, through its use of traditional systems of transfer to bring the idea of the cryptocurrency squarely into the mainstream. No longer is the use of a digital currency relegated to those with the time to navigate a steep learning curve or an understanding of the complex rules of cryptocurrencies. XDR.money brings the convenience of the world of digital currency directly into the hands of the average person, further stabilizing the currency and ensuring its durability and usability for many years to come.
One of the founders of XDR.money, who until launch date are staying anonymous, said: “Bitcoin is great and has broken new ground which is set to change the world, but who wants to keep their savings in a currency like Bitcoin that can lose 30% of it’s value in 1 day? Bitcoin is for gamblers and fools!”
“All the technologies are mature, tested and ready to take cryptocurrency into the mainstream, and that’s what we are doing. Just like traditional currencies our number one priority is building and maintaining trust with the people who use it”
Signing up for the XDR.money waiting list and referring friends will earn new users of the currency the equivalent of $25 US dollars in XDR.money to spend or trade. For more information, visit the website at https://xdr.money/ or search for “xdr money”.
Related News
The Off-Chain Reporting upgrade changes how oracles aggregate data, easing the burden on the blockchains. Chainlink (LINK) has launched a major upgrade for its oracle network, dubbed Off-Chain Reporting, or OCR. The upgrade was announced on Wednesday, though the implementation has been live for some time already.OCR changes how data across multiple sources is joined together by the oracle network. Previously, the process of aggregating different readings of the same desired input, for example a token’s price, was done on-chain. Chainlink nodes would submit their individual readings of the....
RBI Governor, Shaktikanta Das has stated that private currencies such as cryptocurrencies are a threat to the country’s financial stability. The criticism against cryptocurrencies in a way is to caution and deter investors from trading as this asset class poses certain kinds of risks. Das, also mentioned in his censure that cryptocurrencies do not have […]
Stablecoins have the possibility to become a promising alternative system amid global inflation, but they must be auditable to remain stable. In the case of stablecoins, unfortunately, the name is so far a misnomer. The fact that stablecoins are pegged to a “real” asset does not equate to stability. Traditional underlying assets are not exempt from market fluctuations, and with the majority of stablecoins pegged to fiat, they can be just as unstable.What the name could be, however, is aspirational — something that stablecoins might yet live up to if they can tie themselves to a solid....
Federal Reserve Chairman Jerome Powell says that he does not see cryptocurrencies as a financial stability concern. However, he noted that they are risky and “there’s big consumer issues for consumers who may or may not understand what they’re getting.” Fed Chair Powell Says Cryptos Are Risky but Currently Not a Financial Stability Concern Fed Chairman Jerome Powell talked about cryptocurrency in a press conference Wednesday. Commenting on whether cryptocurrencies are a threat to the country’s financial stability, he said: I don’t see them as a....
The American chain of convenience stores and coffee shops, Sheetz, announced on Thursday that the firm would be accepting digital currencies like bitcoin, ether, and dogecoin for payments. The major Mid-Atlantic chain’s executive payments manager says accepting crypto-asset acceptance bolsters Sheetz’s mission to provide customers with the “ultimate one-stop-shop.” Convenience Store Chain Sheetz Adds Digital Currency Payments, Fuel Pump Crypto Payments to Roll out This Summer On May 27, Sheetz revealed the company will be accepting crypto payments via the digital....