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Cryptocurrencies have taken the world by storm in the process of transforming the way we view money. To be sure, it hasn’t happened overnight – as anyone who has been around since the early days can attest – but a new class of cryptocurrencies called Moneta stablecoins are positioned to fuel the next stage of growth and adoption across the world.
Moneta Stablecoins, as their name suggests, are cryptocurrencies designed to minimize exchange rate volatility. The stable coins’ exchange rate is often controlled by linking the Moneta stablecoins price to fiat currencies. With this steady reference value, users can avoid the price swings of cryptocurrencies and local fiat currencies, ensuring that whether they’re saving their earnings or purchasing goods, the price of their stablecoins won’t fluctuate dramatically.
So, while globally, the growth of cryptocurrency has been phenomenal, the market in Asia has grown at a slower pace. Regulatory uncertainty, inadequate technology infrastructure, and lack of awareness have held Asia back from seizing the opportunities of a rapidly evolving crypto market.
As a simple, stable, and secure means of transacting in a digital environment, Moneta stablecoins could be the answer to helping the world take the leap into cryptocurrencies and solve some of the critical challenges facing the world’s economic infrastructure.
Challenges like:
Cross-border remittances
Many nationalities living outside the country contribute significantly to the economy by sending remittances to their families back home.
Considering the scale, the remittance process and associated costs assume critical relevance. Moneta Stablecoins have the potential to positively change the lives of migrant families in different countries, helping to alter the system of sending salaries home through the many traditional Western Union-type operators, losing time and money in the process. Moneta Stablecoins could provide a much faster, secure, and cheaper alternative to workers and their families across the countries, or even globally, by using digital wallets to receive Moneta stablecoins from anywhere in the world without the worry of price volatility.
Insurance
Bitcoin is notoriously volatile, and hence, it cannot be easily used as a form of insurance – either personal or as collateral to an asset. Moneta Stablecoins, on the other hand, can be the foundation to ensure any number of assets. In an expanding market, this could prove beneficial for investments that rely on market volatility.
Peer-to-peer transfer
The peer-to-peer mode of transactions has emerged as a commercially viable option for burgeoning crypto investors. With stablecoins, the volatility issue is resolved owing to its high exchange rate stability.
Retail payments
Price volatility makes using cryptocurrency for daily transactions inconvenient. Here, the case for Moneta stablecoins becomes strong since it combines the accessibility features of other cryptocurrency means with a stable valuation. This makes it an attractive option for consumers as well as retailers.
Fees
With Moneta stablecoins transactions being fixed at 0.1%, both parties can guarantee a fixed price and return. Neither party will have to worry that the fee they pay today will change tomorrow.
Moneta stablecoins can be a great contributor to the payments market in the world. Overall, Moneta will provide a foundational layer for cryptoassets that will generate immense value for the digital assets ecosystem while also addressing real economic challenges in the world.
