XDR.money is the new easy to use fully asset backed, stable crypto-currency.
We got sick of seeing people lose money because the value of their local currency kept dropping against major currencies and made everything more expensive.
So we came up with an electronic currency just like Bitcoin, that uses the same infrastucture (Blockchain) as Bitcoin, but has a very stable price, not like Bitcoin.
We also wanted it to be simple to use, so instead of sending money to your mother at a hard to remember address like “3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy”, you can send it to firstname.lastname@example.org or your mum’s phone number.
Today’s conversion rates:
1 XDR.money buys 1.45
1 XDR.money buys 1.04
1 XDR.money buys 1.19
1 XDR.money buys JPY 157
1 XDR.money buys CNY 9.16
1 XDR.money buys 90
1 XDR.money buys 0.000162
XDR.money is valued at parity to (the same as) the International Monetary Fund’s Special Drawing Rights (SDR with currency code XDR) reserve currency.
In the words of the IMF:
“The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. As of March 2016, 204.1 billion SDRs (equivalent to about $285 billion) had been created and allocated to members.
The value of the SDR is based on a basket of five major currencies—the US dollar, the euro, the Chinese renminbi (RMB), the Japanese yen, and the British pound sterling.”
More information on SDR can be found here: International Monetary Fund
Because of the way the SDR is valued it remains very stable compared to other currencies making XDR.money an excellent currency to use for savings, trade and purchases. XDR.money is valued at 1:1, so one XDR.money = one SDR.
We maintain the exchange rate of XDR.money by backing XDR.money with real cash, which also means we provide liquidity to the market so you can buy and sell XDR.money quickly and always at the SDR price.
This makes it the most stable crypto-currency in the world.
* Please note the only connection between XDR.money and the SDR is the setting of price, XDR.money has no other connection to the IMF or its members.
We are creating the most stable and easiest to use crypto-currency system in the world.
This is what we are building:
We want the XDR.money exchange rate to be stable.
We want XDR.money to be 100% asset backed.
We want money transfers to be really, really cheap and to be as simple as saying “please send 10 XDRs to email@example.com”.
We want XDR.money to be used in international trade, reducing currency risk dramatically as well as nearly eliminating hedging costs which can be as high as 5% of a transaction.
We want you to be able to check your balance, transactions and interest earned on any phone or computer, regardless of your internet speed or whether the screen on your phone is in HD or not.
We want to make it really easy for you to convert your money into XDR.money at anytime.
We also want you to be able to use a debit card that accesses your XDR.money balance directly. This means you can take out cash from nearly any Cash Machine around the world, and also use your card for purchases at nearly all stores in person or online.
We also want you to feel that your XDR.money is safe, so security and trust are our number one priorities. But don't worry, keeping you happy is just as important to us.
Sign up to the mailing list to be kept up to date with progress and we will send you $US25 worth of XDR.money right now.
We are a group of mathematicians, economists, and programmers with a simple mission: Create a stable electronic currency that is easy for everyone to use.
We aren’t trying to make the perfect anonymous payment system or currency, please look elsewhere if that is what you are looking for.
We are just trying to make lots of people’s lives easier and more financially secure.
By signing up here you are showing your support to our mission and helping us build a more balanced financial future for everyone.