Reserve stablecoin to launch crypto-fiat payments app in Venezuela

Reserve stablecoin to launch crypto-fiat payments app in Venezuela

Reserve protocol stablecoin project first and foremost are currently partnering with Huobi Global, cryptocurrency exchange for their Initial Exchange offering. Rserve Protocol Reserve Rights Token will e listed towards the end of May.

The tokens being offered, RSR tokens, confer the cryptographic right to purchase excess Reserve tokens as the Reserve network grows. They help keep the Reserve stablecoin (RSV) stable.Huobi’s Prime Offering of RSR will be on May 22nd.

Later on Reserve Protocol will be launching a crypto fiat payments app in Venezuela. It will be  launched for Android users via Google Play and enable people and businesses to switch back and forth from their local fiat currency to Reserve’s tokenized dollar, the Reserve Dollar (RSD). Once the full RSV token goes live, users of the app will have the ability to switch from RSD to RSV.

Source: Reserve Protocol website
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