Easy Crypto has launched two products in New Zealand: the new stablecoin NZDD and a new crypto-wallet.
In this way, New Zealand’s largest crypto-exchange aims to offer a stable entry into the cryptocurrency market.
Summary
New Zealand and the launch of NZDD stablecoin and new crypto wallet
New Zealand’s largest non-custodial crypto-exchange, Easy Crypto, has announced the launch of its two new products.
These are the NZDD stablecoin pegged to the New Zealand dollar and a new crypto-wallet to store this and all other crypto-assets.
These products aim to offer users a stable entry into the digital market by combining the reliability of the New Zealand dollar with all the benefits of blockchain.
Not only that, both NZDD and the new crypto-wallet want to simplify the industry experience so as to increase cryptocurrency adoption.
New Zealand: Easy Crypto wants to increase cryptocurrency adoption with NZDD stablecoin
Janine Grainger, co-founder and CEO of Easy Crypto, wanted to comment on the new NZDD stablecoin and its benefits:
“NZDD bridges the gap between traditional finance and the digital age. NZDD brings the benefits of digitisation to the New Zealand Dollar; backed 1:1 with Kiwi dollars held in a bare trust; meaning your NZDD is safe and flexible. The stablecoin has also been structured to fit in with New Zealand regulations.”
According to the release, unlike the traditional system, stablecoin offers users fast, robust and reliable transactions at low cost and 24/7 access to the currency (without unnecessary banking paperwork, excessive fees or long lead times).
It also enables secure and fast peer-to-peer transactions, such as sending money home from abroad.
The new Easy Crypto Wallet, on the other hand, is available for download directly from the Google Play or Apple App Store.
The solution for a CBDC presented by Ripple
Last summer, New Zealand had been in the news about the Central Bank Digital Currency (or CBDC).
And in fact, the Bank of New Zealand was apparently in talks with Ripple to talk about its crypto solution for developing a CBDC, based si XRP Ledger (or XRPL).
What had emerged is that the Central Bank of New Zealand was interested in leveraging the transformative potential of digital currencies to its advantage, and integrate digital innovation into its financial systems.
On the other hand, the XRPL solution using blockchain appears to be able to meet the stringent requirements of a CBDC.
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