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HomeCryptocurrencyStablecoin payment app Reserve assists people secure their cost savings versus inflation...

Stablecoin payment app Reserve assists people secure their cost savings versus inflation in Latin America

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Stablecoin payment app Reserve helps people protect their cost savings versus inflation in Latin America

One under-the-radar cryptocurrency-powered payment app that has been getting traction across Latin America is Reserve. The platform acts as a practical method for individuals to convert their local currencies, which might be undergoing high inflation levels, to U.S. dollars by means of the Reserve (RSV) stablecoin. The network also features the Reserve Rights (Rtoken (RSR), which is utilized for protocol governance.Since its launch in March, the platform says it has seen 367,000 overall sign-ups. Meanwhile, it number of weekly active users has exceeded 100,000, with most situated in Argentina, Venezuela, and Colombia. In the previous thirty days, the app has dealt with around 547,000 transactions. In addition, over 8,000 organizations, primarily based in Venezuela, now accept Reserve as a payment method for items and services.2/ 11

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