Reserve Rights Token price AUD
(RSR)✓Send money internationally ✓Affordable ✓Supports RSV token
The Reserve protocol creates an affordable way to send money across borders in a stable currency using the Reserve app. Individuals can send money to their family and businesses can pay international suppliers. The Reserve Rights Token (RSR) is used to support the stability of the Reserve Token (RSV), guaranteeing the collateralisation rate and peg of the RSV to the US dollar. RSR holders can vote on proposals and updates to the protocol.
Reserve Rights launched in 2019 by serial entrepreneur Nevin Freeman with funding from Coinbase Ventures, PayPal co-founder, Peter Thiel, and Y Combinator founder Sam Altman. Currently, Reserve is predominantly used by individuals and businesses in Venezuela to save and transact in dollars.