RupiahToken – The First Stablecoin Backed By Rupiah

Rupiah Token (IDRT), a stablecoin backed by fiat Indonesian Rupiah, is pleased to announce its listing on SushiSwap. Starting from now, IDRT is available for trading on SushiSwap You can now trade your IDRT to many other ERC20 tokens available on SushiSwap easily by connecting your web crypto wallet (such as Metamask & Coinbase Wallet) to the platform.

We are glad to announce this great milestone as SushiSwap is a decentralized exchange (DEX) that is increasingly becoming a popular tool among cryptocurrency users to enter the Decentralized Finance (DeFi) ecosystem. SushiSwap offers a few core products within SushiSwap’s ecosystem such as SushiSwap Exchange, Liquidity Pool, and SushiBar Staking. 

The innovative platform provides users access to a liquid market for a wide selection of cryptocurrencies and financial access for the users, with the IDRT being the newest fiat-backed stablecoin offered to its users.

Without a doubt, this IDRT listing is in line with our mission to give access to Indonesian crypto traders to access global liquidity in the leading crypto exchanges & DeFi ecosystem as well as give them better access for IDRT on/off ramps to fiat. 

About Decentralized Finance (DeFi)

Decentralized Finance is a general term for various projects that aims to replicate traditional finance capabilities on the blockchain in a decentralized manner by leveraging smart contract technology. The goal of DeFi is to grant everyone around the world access to alternative financial solutions (such as borrowing/lending) without needing to go through banks or traditional financial institutions. Think of DeFi as financial services that are transparent, permissionless, and global.As of the time of writing, most of the DeFi applications are built on top of Ethereum blockchain. Most DeFi projects have an associated token (called “governance token”) that grants token holders special rights, such as voting on protocol upgrades/settings and receiving a portion of fees that the project generates.

About SushiSwap

SushiSwap is an automated market maker (AMM) decentralized exchange (DEX) that is growing rapidly. Through the AMM, the automated trading liquidity is set up between any two cryptocurrency assets. As one of the growing number of decentralized finance (DeFi) platforms that are on Ethereum blockchain, SushiSwap is trying to reduce the risk of depositing funds in smart contracts. With smart contracts, SushiSwap allows users to lock on the software that can then be accessed by traders. 

SushiSwap’s design helps to alleviate centralization in the market. Users trade directly with liquidity pools and via non-custodial wallets. Consequently, SushiSwap is less likely to get hacked and provides users with more flexibility in terms of coin selection. Keenly, SushiSwap was designed to give the users more control over the AMM and its future developments when compared to the competition.

Based on data 14 April 2021, SushiSwap has $4,36 Billion liquidity with over 900 pairs. Rupiah Token is glad to have IDRT listed on SushiSwap network. To learn more about SushiSwap you can visit https://docs.sushi.com/

About Rupiah Token (IDRT)

Rupiah Token (IDRT) is a stablecoin that is backed 1:1 by fiat Indonesian Rupiah. IDRT is available on multiple blockchain namely Ethereum (ERC-20), Binance Chain (BEP-2), and Luniverse chain. We are the first and most adopted Rupiah stablecoin in Indonesia. The way Rupiah Token works, in a nutshell, is that our user can simply deposit 1 Rupiah Token for 1 fiat Rupiah and withdraw the Rupiah Token back to fiat Indonesian Rupiah at any time via our platform (https://rupiahtoken.com/) or via mobile wallet app (https://Pintu.co.id) We can always guarantee that the Rupiah Token is backed by fiat Indonesian Rupiah in our bank account and we are regularly audited by an independent auditor to prove such collateralization.

How to Trade IDRT on SushiSwap:

To use IDRT on SushiSwap, you will first need to acquire some ETH for the gas fee and the IDRT token itself. There are many ways to go about this, but the most popular is via a fiat on-ramp. First, you will need to head over to a centralized exchange that supports fiat currency such as Pintu. Fiat on-ramps will require that you provide ID and other details to allow you in depositing fiat & purchasing the crypto. Once you’re registered, you can fund your account with fiat currency and convert it over to ETH and IDRT. You can now send the ETH and IDRT to your non-custodial wallet (that supports SushiSwap). Now you’re ready for some SushiSwap:

1. Open SushiSwap on https://exchange.sushi.com/#/swap

2. Connect your wallet to SushiSwap

3. Choose IDRT

And that’s how you use SushiSwap to swap any token from and to IDRT!

We are pleased to announce that MugglePay has integrated Rupiah Token (IDRT) on its platform. Rupiah Token and MugglePay are part of ZILHive Accelerator Cohort 2020-2021. Through the ZILHive Accelerator Program, we aim to contribute to creating a robust blockchain and crypto ecosystem to boost adoption through wider use-cases. 

As the most adopted fiat-backed stablecoin in Indonesia, IDRT seeks to collaborate with leading crypto exchanges, wallets, and other relevant platforms to ease users in storing, sending, receiving, and spending their IDRT. One of its competitive advantages is that IDRT embraces the strong features of different blockchain networks. As such, IDRT is now available on multiple blockchain networks namely Ethereum Chain (ERC20 Token), Binance Chain (BEP2 Token), and Luniverse chain. Throughout the ZILHive Accelerator program, IDRT also works to launch Rupiah Token on Zilliqa chain soon. 

Rupiah Token (IDRT) is a stablecoin that is backed 1:1 by fiat Indonesian Rupiah. IDRT is available on multiple blockchain namely Ethereum (ERC-20), Binance Chain (BEP-2), and Luniverse chain. We are the first and most-adopted Rupiah stablecoin in Indonesia. The way Rupiah Token works, in a nutshell, is that our user can simply deposit 1 Rupiah Token for 1 fiat Rupiah and withdraw the Rupiah Token back to fiat Indonesian Rupiah at anytime via our platform (https://rupiahtoken.com/) or via mobile wallet app (https://Pintu.co.id) We can always guarantee that the Rupiah Token is backed by fiat Indonesian Rupiah in our bank account and we are regularly audited by an independent auditor to prove such collateralization.

MugglePay Introduction

As a payments platform powered by blockchain, MugglePay provides an SDK for merchants to accept money globally to resolve the difficulties and high costs of cross-border payments. By offering a solution that is fast, easier to use and costs less, MugglePay aims to lower the barrier of crypto payments and help more merchants accept more stable currencies on their platforms, especially government-backed currencies like XSGD. The company intends to integrate XSGD and ZIL as a payment option on MugglePay’s SDK, and will work to establish SGD/Stablecoin pairs for merchants so as to expand its Merchant Access Network to support more e-Commerce or online stores to accept cryptocurrencies. In the near future, MugglePay intends to enable peer-to-peer payments, whereby transactions will be acted on and secured by open source smart contracts built on Zilliqa’s platform.

MugglePay  Currently has a user base of over 2,700 merchants using its software development kit (SDK). In 2020 MugglePay already completed over 120,000 transactions per month, with transaction volume of USD $800,000 per month and currently in Partnership with world-leading cryptocurrency exchange OKEx and stable currencies including USDT, Celo, and now Rupiah Token.

Rupiah Token x MUGGLEPAY PARTNERSHIP

Rupiah Token and MugglePay have partnered up to enable IDRT as one of its settlement methods on the MugglePay platform. Our common goal is to bring cryptocurrencies into wider real-world use cases. With such integration, other platforms which have integrated with MugglePay services would be able to offer IDRT settlement to their end-user including, but not limited to, e-commerce checkout such as in Shopify. 

Here’s the demo on how end-users could transfer their Rupiah into Rupiah Token via MugglePay platform interface. First of all, an end-user needs to select the IDRT option and input the amount that the end-user desires. Then, the MugglePay platform will show the bank virtual account number where the end-user can transfer the fiat funds to. Thirdly, once the fiat funds are received in Rupiah Token’s account, we will send the IDRT to MugglePay’s platform with the exact amount and done, going from zero to crypto has never been easier before! 

MugglePay has Integrated Rupiah Token(IDRT)

MugglePay enables merchants and exchanges to accept credit and debit card payments from Indonesia. In addition to accepting Visa and MasterCard credit cards, it also supports bank transfers from the two major banks Bank Mandiri and Bank Rakyat Indonesia, which can help merchants accept the Indonesian rupiah to further expand the Indonesian market.

MugglePay has integrated Rupiah Token (IDRT) on its platform. We aim to contribute to creating a robust blockchain and crypto ecosystem to boost adoption through wider use-cases.

Through settlement and clearing built on the blockchain, MugglePay ultra-low fee rate will attract users to actively use it, and shorten the settlement time by 10 times. Users can enjoy instant and low-cost payment transactions, providing instant payment at a very low-cost settlement.

Rapidly growing Indonesia: a contending place in Southeast Asia

As the market with the largest gross domestic product (933 billion U.S. dollars) and the most populous (264 million) in Southeast Asia, Indonesia’s digital economy will continue to maintain a compound growth rate of more than 30%and is expected to reach 130 billion U.S. dollars by 2025. Indonesia’s GDP ranks 16th in the world, and the Internet economy is close to 30 billion U.S. dollars. It is one of the most important Internet markets in Southeast Asia.

Indonesia has been attracting technology companies to develop or expand business in the country, and it is the core battlefield for e-commerce/games/exchanges. According to Statista data, it is estimated that by 2025, the Indonesian e-commerce market will generate 46 billion US dollars in online retail sales, second only to China and India. Besides, Indonesia is the world’s top 20 game market. As the most populous country in Southeast Asia, Indonesia is also the largest mobile game market in Southeast Asia. Players tend to be more social and interactive. Role-playing, strategy, and digital entertainment are the mainstream categories of best-selling games in Indonesia.

How to accept Rupiah Token using MugglePay:
With MugglePay, you can start accepting IDRT in just 5 minutes:

Step1. Register for MugglePay and complete the basic setup: Merchants.mugglepay.com

Step2. Open the Indonesian bank transfer and collection authority and set it on your site. We have completed the docking with as many as 8 mainstream panels, such as Shopify, WooCommerce, and WHMCS.

Step3. Add a Pay button to your site to start collecting money!

MugglePay provides an SDK for merchants to accept payments globally to overcome the high cost and slow settlement of cross-border payments, as a payment solution that is cleared by the blockchain protocol.

Rupiah Token x MUGGLEPAY PARTNERSHIP
As the most adopted fiat-backed stable coin in Indonesia, IDRT seeks to collaborate with leading crypto exchanges, wallets, and other relevant platforms to ease users in storing, sending, receiving and spending their IDRT. As such, IDRT is now available on multiple blockchain networks namely Ethereum Chain (ERC20 Token), Binance Chain (BEP2 Token), and Luniverse chain. 

Rupiah Token and MugglePay have partnered up to enable IDRT as one of its settlement methods on the MugglePay platform. Our common goal is to bring cryptocurrencies into wider real-world use cases. 

If you have your online store and want to expand your business globally and enjoy real-time settlement of point-to-point cross-border payment services, please contact us: [email protected].

We are pleased to announce that the Rupiah Token (IDRT) is now integrated with Moonlet Wallet. Blockchain Harmony supports four shards of a thousand nodes, producing blocks in 8 seconds with finality. Rupiah Token and Moonlet are part of ZILHive Accelerator Cohort 2020-2021. Through the ZILHive Accelerator Program, we aim to contribute to creating a robust blockchain and crypto ecosystem to boost adoption through wider use-cases. 

As the most adopted fiat-backed stablecoin in Indonesia, IDRT seeks to collaborate with leading crypto exchanges, wallets, and other relevant platforms to ease users in storing, sending, receiving, and spending their IDRT. One of its competitive advantages is that IDRT embraces the strong features of different blockchain networks. As such, IDRT is now available on multiple blockchain networks namely Ethereum Chain (ERC20 Token), Binance Chain (BEP2 Token), and Luniverse chain. Throughout the ZILHive Accelerator program, IDRT also plans to launch Rupiah Token on Zilliqa chain soon. 

Rupiah Token (IDRT) is a stablecoin that is backed 1:1 by fiat Indonesian Rupiah. IDRT is available on multiple blockchain namely Ethereum (ERC-20), Binance Chain (BEP-2), and Luniverse chain. We are the first and most-adopted Rupiah stablecoin in Indonesia. The way Rupiah Token works, in a nutshell, is that our user can simply deposit 1 Rupiah Token for 1 fiat Rupiah and withdraw the Rupiah Token back to fiat Indonesian Rupiah at any time via our platform (https://rupiahtoken.com/) or via mobile wallet app (https://Pintu.co.id) We can always guarantee that the Rupiah Token is backed by fiat Indonesian Rupiah in our bank account and we are regularly audited by an independent auditor to prove such collateralization.

Generally, in its business process, Rupiah Token does two major activities which are Tokenization and Redemption. In the Tokenization process, the user can simply deposit the fiat Rupiah to our bank account which is uniquely tailored to the user’s account. Once our system has noticed the user’s deposit in our bank account, we will automatically send the equivalent amount of IDRT to the user’s IDRT wallet address. Similarly, in the Redemption process, the user can simply send his/her IDRT back to our withdrawal wallet address. Once we have received the IDRT in our withdrawal wallet address, the user can request the amount of IDRT that he/she would like to withdraw which then will be processed to his/her bank account.

Please note that every user must have registered and passed the KYC process prior to accessing all these features in order to comply with the regulation.

Moonlet is a futuristic wallet that offers easy to use interface, security, and of course support for the main-net Zilliqa tokens. The project boasts an array of initiative technology to help the user and protect them from phishing and hackers. Some of the main features of the Moonlet wallet are: 

1. Native ZIL & ETH Support
2. Hierarchical Deterministic
3. Multiple Accounts
4. Transaction Status
5. Open-source Code
6. Developer Tools
7. .zil Domain Names
8. Blockchain Agnostic
9. Phishing Protection 

As a non-custodial wallet Moonlet allows you to be your own bank. But, what is a non-custodial wallet? 

A non-custodial wallet is a decentralized-type of blockchain wallet whereby you need to handle your own private keys in order to access your assets in that wallet. One advantage of a non-custodial wallet is that you have the whole control over your assets. However, you need to also be aware that if you lose access to your private keys, there is no way that you could retrieve them. Accordingly, you always need to keep your private keys in a safe and well manner. 

But, what are private keys exactly? How could you obtain it and how should you store it? The private key allows a cryptocurrency user to grant access and transaction in a certain wallet address within a non-custodial wallet. Generally, a non-custodial blockchain wallet will generate a set of private keys for you when you first created a wallet. These private keys typically consist of Mnemonic Seed, which is a set of words ranging from 12 to 24 words. These words are actually wrapping around the actual private keys and designed to make them easier for you to remember or store. Any non-custodial wallets will only show you this Mnemonic Seed once and they are not keeping it in their system. As such, once you are shown these keys you need to note them down and store them in a secure manner to avoid losing access to your assets. 

What is more interesting about private keys is that you can log in to multiple different non-custodial wallet platforms using the exact same private keys to access your assets, provided that the other non-custodial wallet supports the same blockchain network. So in short, you can import the Mnemonic Seed from one non-custodial wallet to another to retrieve your assets.

So, how do I create my first non-custodial wallet with Moonlet? And what are the benefits of using a Moonlet wallet?

1. First of all, you need to visit the AppStore or PlayStore on your mobile device and search for Moonlet wallet. Otherwise, you can also click here if you want to download on iOS and here for Android, or kindly check moonlet.io on your browser.
2. Once you have downloaded the app, you may open the app to start by clicking “Create” to create a new wallet or “Recover” to import your own seed phrase that you have to access your assets in there.

3. If you click “Create”, you will be shown a new Mnemonic Seed by the Moonlet wallet which consists of 12 words. You need to note down and store each of the words shown based on the order properly. If you lose access to these Mnemonic Seed, there is no way that we or anyone else could retrieve it.

4. Once you have finished the previous step, you will be asked to create a PIN to ease your login process to the Moonlet wallet later.

5. Congratulations! Now you have owned a non-custodial wallet in a very simple way with Moonlet wallet. Here you can keep, send, receive, stake, and access other features simply through the Moonlet interface. Currently, Moonlet supports three different blockchain protocols namely Zilliqa (ZRC2), Ethereum (ERC20), and NEAR. You can now manage your IDRT (ERC20) from the Moonlet wallet by navigating to the “Ethereum” section. So make sure you got some ETH, since any ERC-20 token requires ETH to be able to pay for network fees.

We are pleased to announce that Paxful has integrated Rupiah Token (IDRT) on its platform. Through this integration, we aim to contribute to creating a robust blockchain and crypto ecosystem to boost adoption through wider use-cases mainly in the fiat on/off ramp space.

Rupiah Token and Paxful Partnership

Rupiah Token and Paxful have partnered up to enable IDRT as one of its settlement methods on Paxful. Our common goal is to bring cryptocurrencies into wider real-world use cases. With such integration, people can easily use IDRT for their settlement method to purchase Bitcoin, USDT, and Ethereum on Paxful. IDRT itself is already available on multiple leading exchanges and wallets, such as Pintu. Specifically, with Pintu, you can transfer your IDRT to other users instantly and for free without any transaction gas fees, thus you can easily settle your crypto purchase on Paxful without hassle. Pintu is available to download on mobile app platforms whereby anyone can easily register.

Below are the steps on how you could transfer your IDRT as a settlement method on Paxful for your crypto purchase. Firstly, you need to visit Paxful platform on https://www.paxful.com or using its mobile app and choose either to buy Bitcoin, Ethereum, or USDT and then select IDRT as the payment method. 

Then, Paxful will show you the list of available vendors that accept IDRT. Choose the vendor that you like to trade with and continue the process. A chat box with the vendor will open up which allows you to discuss with the vendor on how you could transfer the IDRT to the vendor. If the vendor accepts IDRT to its Pintu wallet, then you may simply ask them their Pintu $cashtag or their Pintu IDRT wallet address, whichever is preferred. You can then pay the amount of IDRT due to the vendor via Pintu or the other crypto wallets/exchanges as agreed upon.

Once you have transferred the IDRT, you can then click confirm and wait until the vendor confirms the transaction from their side. Once both sides have confirmed the transactions, Paxful will automatically release the Bitcoin/USDT to your Paxful wallet. 

Users can also buy USD Tether and Ethereum and using Rupiah Token as their payment method. 

And that’s it! Going from zero to crypto has never been easier before! 

About Rupiah Token (IDRT)

As the most adopted fiat backed stablecoin in Indonesia, IDRT seeks to collaborate with leading crypto exchanges, wallets, and other relevant platforms to ease users in storing, sending, receiving, and spending their IDRT. One of its competitive advantages is that IDRT embraces the strong features of different blockchain networks. As such, IDRT is now available on multiple blockchain networks namely Ethereum Chain (ERC20 Token), Binance Chain (BEP2 Token), and Luniverse chain.

Rupiah Token (IDRT) is a stablecoin that is backed 1:1 by fiat Indonesian Rupiah. IDRT is available on multiple blockchain namely Ethereum (ERC-20), Binance Chain (BEP-2), and Luniverse chain. We are the first and most-adopted Rupiah stablecoin in Indonesia. The way Rupiah Token works, in a nutshell, is that our user can simply deposit 1 Rupiah Token for 1 fiat Rupiah and withdraw the Rupiah Token back to fiat Indonesian Rupiah at any time via our platform (https://rupiahtoken.com/) or via mobile wallet app (https://Pintu.co.id) We can always guarantee that the Rupiah Token is backed by fiat Indonesian Rupiah in our bank account and we are regularly audited by an independent auditor to prove such collateralization.

About Paxful

Paxful is a peer-to-peer Bitcoin marketplace that was established 5 years ago, Paxful has already become one of the biggest platforms with millions of users using it. Paxful is changing the way the world moves money and embraces crypto – allowing transfers with anyone, anywhere, at any time. No bank account? No problem. Paxful has over 300 payment methods to choose from, making it easy for you to move your money the way you like.

A few weeks ago, Rupiah Token officially announced its new partnership with Harmony. Together with Harmony, we are now building Rupiah Token on top of Harmony chain which we call HIDR. Through this partnership, we aim to grow the Rupiah Token ecosystem further within the Harmony blockchain network (HRC20). 

Harmony is the next generation sharding-based blockchain that is fully scalable, provably secure, and energy-efficient. Harmony addresses the problems of existing blockchains by combining the best research results and engineering practice in an optimally tuned system. As a stablecoin which is backed 1:1 by fiat Indonesian Rupiah, we believe combining our stablecoin features and on/off ramp capabilities with the Harmony blockchain network would yield the best possible results for various use-cases such as in Decentralized Finance (DeFi), Cross-border transactions, and cross-chain infrastructure.

Soon, you will be able to convert your IDRT (ERC20) to HIDR and vice versa simply by using platforms such as https://swoop.exchange/, whereby the IDRT (ERC20) itself is already connected to local on/off ramp platforms such as Pintu mobile app (https://pintu.co.id) and Rupiah Token website (https://rupiahtoken.com/)  which enable you to convert the IDR fiat <> IDRT (ERC20) anytime, anywhere, and instantly.

Through the Hack the Horizon event, Harmony and Rupiah Token are seeking for some of the most innovative and beneficial use-cases of HIDR that we can build in this ecosystem. Hack the Horizon is a collaborative, creative, and inclusive cross-chain hackathon focused on building applications that utilize the Horizon Bridge. Its singular aim is to work with Ethereum and Harmony developers to build the most interesting, useful, and innovative applications that take advantage of Ethereum and Harmony’s strengths. The event starts from 17 November 2020 to 17 January 2021. We visionize to build more real-world applications of IDRT on the Harmony chain mainly in the area of DeFi, remittances and on/off ramp solutions, and other relevant projects.

Hackathon Details

So, if you are a team of developers and interested in exploring HIDR potential use-cases, we encourage you to participate in this hackathon event! We are looking for the various applications of HIDR within the following scopes: 

1. Cross-chain Infrastructure: We are focused on bridging Harmony with other layer 1 blockchains. We are looking for developers to build protocols for cross-chain lending, DEX and additional components for the trustless Horizon bridge.
2. DeFi Showcase:We are looking for developers to build and port finance protocols utilizing our Horizon bridge. Bridge liquidity from Ethereum and demonstrate applications that take advantage of Harmony’s fast finality and low fees.
3. Fiat Utility: Build integrations that would allow fiat currency holders to access ONE and HRC20 tokens and connect ONE to fiat merchants and users.

Workshops

Harmony is partnering up with BAND for this event. They will be providing support to the participants throughout the event and teach the participants on how to use the relevant network and tools. The participants will be given the invitation to these workshops once registered for the event. The list of judges and mentors can be found in the official announcement here.

Rewards

There will be a total rewards of USD 50,000 which will be distributed with the following details:First Prize (5 winners)

1. First Winner (5 Winners)

• $3,000 in ONE Tokens
• 1 year subscription to Messari Pro worth $360
• 1 year subscription to The Defiant worth $100
• .crypto domain from Unstoppable Domains worth $40
• Coingecko Shirt and Notebook
• Harmony T-shirt

2. Second Prize (7 winners)

• $2,000 in ONE Tokens
• .crypto domain from Unstoppable Domains worth $40
• Harmony T-shirt

3. Third Prize (10 winners)

• $1,000 in ONE Tokens
• .crypto domain from Unstoppable Domains worth $40
• Harmony T-shirt

4. Band Protocol Partner Prize

• $3,000

NOTE: The Band Protocol Partner Prize will be awarded $1,500 in BAND and $1,500 in ONE tokens. The criteria for this is “Best use of BandChain on Harmony” and will be a prize awarded by Band and Harmony

Interested to join and learn more about the Hack the Horizon event? We encourage you to check out the details in the following links:

1. https://gitcoin.co/hackathon/hack-the-horizon/onboard
2. https://gitcoin.co/issue/harmony-one/hackathon/1/100024063 

In response to the growing stablecoin market, the issuer of Stablecoin, Rupiah Token, BiLira, BRZ, EURS, and Stablecorp collaborate and announce the formation and launch official Stablecoin Alliance (SA). SA is a non-profit international organization consisting of unrestricted stablecoin issuing companies from major exchanges or trading platforms. Its main mission is to accelerate the adoption and use of stablecoin in the world by advocating for the highest standards of safety and compliance.

This organization is global and spanning transcontinental memberships and multiple trading and asset centers digital world. This non-profit organization consists of companies that publish stablecoin originating from various parts of the world such as Indonesia (Rupiah Token), Europe (EURS), Turkey (BiLira), Brazil (BRZ Token), Canada (Stablecorp).

After going through an independent discussion process throughout 2020, the members realized that they have the same development goals in carrying out expansion efforts. Respectively – each member company understands that to be able to drive a narrative around the progress and existence of stablecoin in the global arena requires a strong emphasis on compliance and best practices to establish and maintain comfort and assurance against the user. To facilitate this goal, the parties emphasized the need for strengthening stablecoin protocols and best practices. This is to help create and maintains a sense of security for users. Apart from that, SA wanted to explore the manufacture and maintenance of foreign exchange lines above blockchain and trading pairs that available among member stablecoin, developing and refining the narrative around the process of listing stablecoin on global exchanges, and recommending promotions for independent stablecoin projects.

Stablecoin Alliance members firmly believe that as the ecosystem develops digital assets, builds the right pathways to stablecoin fiat ( on-ramp ) to act locally as a foreign exchange channel on the blockchain is very important to support online adoption bulk.  Globally, stablecoins have shown good performance in 2020 in total the supply of coins in circulation increased by 400% which is over $ 5 billion compared to the beginning year. The total supply of stablecoins in the third quarter almost doubled from the second quarter, and The total stablecoin market cap has also exceeded $ 20 billion at the time of writing.                 

In other related developments, the Securities and Exchange Commission (SEC) and Office of the Comptroller of the Currency (OCC) issued guidelines about stablecoin that is supported by fiat. Many of the world’s leading countries, including the US, China, Japan, Canada, and The EU, has expressed great interest in issuing digital currencies at central banks themselves.

About Stablecoins 

Stablecoins are a digital asset vertical that is growing rapidly lately. Fiat stablecoins are digital assets that have properties like FIAT currencies in a sense protected from crypto market volatility. Stablecoins have become part of that infrastructure important in the digital asset ecosystem. They provide efficiency and effectiveness only owned by digital assets such as online transaction settlement, ease of tracking, no changeable/immutable, and, very low transaction fees.  Stablecoins are becoming an increasingly popular asset due to their coping abilities imperfections in fiat currency and weaknesses of the current transaction system. This type of cryptocurrency is designed to hedge against the volatility of the crypto market. Solution such can be supported by relatively stable assets such as commodities, banknotes, or other cryptocurrencies.

Rupiah Token 

Rupiah Token (IDRT) allows you to use Indonesian Rupiah directly on over Ethereum & Binance Chain. Rupiah token is a token that has a value of 1: 1 with Rupiah which can be traded on global and local exchanges such as Pintu Application.  

Bilira 

BiLira is a stable cryptocurrency supported by the Turkish Lira. This means you always can buy and exchange 1 BiLira for ₺1.00 Turkish Lira.  

BRZ 

The BRZ token is a circulating Brazilian stablecoin that makes Brazilian society possible direct access to various asset pairs on the exchange and to trade currencies stable money pegged to real (BRL) on a global scale.   

EURS 

EURS is the largest euro-backed digital asset, combining the benefits of currency second most trafficked in the world by transparency, permanence, and blockchain efficiency. 

Stablecorp

Stablecorp is the company behind publishing and managing QCAD, the marketplace CAD stablecoin the first mass.  

Learn more about the Stablecoin Alliance at https://stablecoinalliance.org/

Rupiah Token and DASH are collaborating on the crypto use-cases for our Indonesian users. We are excited to inform that from now on, Indonesian users can easily convert their fiat Rupiah to Rupiah Token (IDRT) and simply convert it to DASH token on https://rupiahtoken.com/exchange which is powered by  Liquid Quick Exchange (QEX). QEX is a feature that facilitates the simple exchange of digital assets without having to navigate complex trading dashboards.

Rupiah Token has been a front-runner start-up to promote crypto assets and its adoption for various use-cases by creating an IDRT stablecoin which is backed by 1:1 by Indonesian rupiah. IDRT is set to not only become Indonesia’s first stablecoin, but also set to transform how the public uses digital assets. IDRT is available on multiple blockchains namely Ethereum blockchain (ERC-20), Binance Chain (BEP-2), and Luniverse chain (ERC-20).

The way Rupiah Token works, in a nutshell, is that our user can simply deposit 1 Rupiah Token for 1 fiat Rupiah and withdraw the Rupiah Token back to fiat Indonesian Rupiah at any time via our website (https://rupiahtoken.com/) or via mobile wallet app (https://pintu.co.id). Rupiah Token is currently focusing to ease Indonesian traders in accessing global exchanges and thus it has now been listed on several top global exchanges such as Liquid, Binance, Binance DEX, Uniswap, HitBTC, Upbit Indonesia, Changelly, etc. 

Meanwhile Dash aims to be the most user-friendly and scalable payments-focused cryptocurrency in the world. Its network features instantly settled & respendable transactions, 51% attack immunity, optionally private transactions and the first decentralized blockchain governance and self-funding model through incentivized full nodes which enable mass adoption scaling.

While Dash is based on Bitcoin and compatible with many key components of the Bitcoin ecosystem, its two-tier network structure offers significant improvements in transaction speed, privacy and governance. This section of the documentation describes these and many more key features that set Dash apart in the blockchain economy.

“The collaboration between Rupiah Token and DASH makes it easier for the users to access the digital assets space directly from fiat. As DASH is a useful alternative for cash and credit cards, we believe the easiest way to own it is through a trustful and user-friendly platform. We are excited to see more and more users have easy access to cryptocurrency and wider real world applications.” said Shabrina Adani, Director of Rupiah Token.

Meanwhile, Felix Mago, Co-Founder at DASH NEXT, also stated that “After successful market entries in other Asian countries Indonesia is one of the most important ones. With the exciting Rupiah Token project we created now another great, easy and fast Fiat on/off ramp for the locals to get into Dash.”

How to Deposit IDRT from fiat in Pintu App?

1.Download Pintu App here.

2.Click Deposit the Rupiah card on the homepage or in the Rupiah wallet in the wallet menu.

3. Transfer Your Rupiah to BNI Virtual Account.

How to Convert Rupiah to DASH Token?

1. Head over to the Buy and Swap feature here.

2. Select the currencies, i.e. IDRT and Input the amount that you want to buy. 

3. Sign in to your Liquid account or create your Liquid account if you don’t have any.

4. It will direct you to your wallet address and click next.

5. Send your IDRT to the IDRT Wallet Address / QR Code shown on the Quick Exchange platform via your Pintu wallet. 

How to send IDRT to the IDRT Wallet?

• Download or open Pintu App and click send 
• Choose the blockchain.
  

• Scan the QR code shown on the quick exchange platform. 

6. And swap is done! You will receive the DASH token on your wallet.

Hi IDRTers!

Rupiah Token is pleased to announce that we are going to held IDRT Lucky Trading on Liquid. The competition will start in October 2020.

Join the competition and stand a chance to win millions of IDRT for 70+ winners!

Please make sure you have your Liquid account verified! If you haven’t, we advise you to verify it before the event starts!

How to verify your account on Liquid?

1. Register your account on Liquid.
2. After the e-mail is verified, click “my profile” in your Liquid account and set up 2FA according to the instructions.
3. Start verifying your data by uploading your identity (KTP or Passport) and uploading a selfie! Proof of address is optional / not required to be uploaded.

About Liquid

Liquid is an online cryptocurrency exchange where you can trade a wide range of fiat/crypto and crypto/cryptocurrency pairs. Its innovative order book, called the World Book, combines a global network of liquidity sources in order to provide access to a higher level of liquidity and better price matching.

Liquid’s parent company, Quoine, is headquartered in Tokyo and is licensed by the Japanese Financial Services Agency. Quoine was founded in 2014 and launched Quoinex, a fiat-to-crypto trading platform, in the same year.

In September 2018, Liquid was formed from the amalgamation of Quoinex and Qryptos.

About Rupiah Token

PT Rupiah Token Indonesia is a venture-capital-backed startup based in Jakarta, Indonesia. As a leading Blockchain technology company, our mission is to boost the acceptance of the Indonesian Rupiah worldwide and accelerate the transition to a more inclusive and open financial system. Since our establishment in January 2019, we have been hard at work developing our service in Indonesia and listing our tokens on reputable exchanges.

Contacts

To request for partnerships or other collaboration opportunities, please email [email protected] or visit rupiahtoken.com to submit a request.

Telegram (EN): https://t.me/rupiahtokeninternational

Telegram (ID): https://t.me/rupiahtokenindonesia

Twitter: https://twitter.com/RupiahTokenIDRT

Website: https://rupiahtoken.com

Blog: https://rupiahtoken.com/blog

Hi IDRTers,

The Video Competition by Rupiah Token & Liquid is over! Congratulations to the winners and thank you for participating. Keep up with the latest information about Rupiah Token and stay tuned for our next exciting event!

1st Place: [email protected] (https://youtu.be/1pHC9y1xels) — 1,000k IDRT

2nd Place: [email protected] (https://youtu.be/not91M9_sq4) — 700k IDRT

3rd Place: [email protected] (https://youtu.be/qWuH86D6UDs) — 300k IDRT

Favourite Winner: [email protected] (https://youtu.be/Nw7-Lq1TLBg) — 50k IDRT 

Prize Distribution

All the winners please contact telegram @ramaraditya to confirm and send your wallet address. Prizes will be distributed to the winner’s wallet address by the latest on September 25, 2020. 

About Rupiah Token

PT Rupiah Token Indonesia is a venture-capital-backed startup based in Jakarta, Indonesia. As a leading Blockchain technology company, our mission is to boost the acceptance of the Indonesian Rupiah worldwide and accelerate the transition to a more inclusive and open financial system. Since our establishment in January 2019, we have been hard at work developing our service in Indonesia and listing our tokens on reputable exchanges.

Contacts

To request partnerships or other collaboration opportunities, please send email to [email protected] or visit rupiahtoken.com to submit a request.

Telegram (EN): https://t.me/rupiahtokeninternational
Telegram (ID): https://t.me/rupiahtokenindonesia
Twitter: https://twitter.com/RupiahTokenIDRT
Instagram: https://www.instagram.com/rupiahtoken/
Website: https://rupiahtoken.com/