INTERNET CITY, DUBAI, Aug. 12, 2022 – LBank Exchange, a global digital asset trading platform, will list Remitt USD (USDR) on August 15, 2022. For all users of LBank Exchange, the USDR/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on August 15, 2022.
Aiming to improve money transfer and remittance business by facilitating AI technologies, Remitt provides fully-collateralized stablecoins with AI-powered P2P exchange-bot that offers additional comfort in buying and selling stablecoins to cash. It’s stablecoin Remitt USD (USDR) will be listed on LBank Exchange at 20:00 (UTC+8) on August 15, 2022, to further expand its global reach and help it achieve its vision.
Remittance is a process of money transfer from one country to another. Remitt is a startup project aimed to improve money transfer and remittance business by facilitating Artificial Intelligence Technologies. The anticipated marketing objectives of Remitt are lowering transaction costs, expanding transaction geography, and increasing transaction speed.
The main tool Remitt will use to achieve those marketing objectives is a virtual currency token pegged to fiat-currency coupled with a chatting bot powered by Artificial Intelligence that performs matching of remittance counterparties automatically and in the most efficient manner.
The MVP chat bot created by Remitt on Telegram allows to perform basic operations such as escrow with consequent automatic minting/burning. Chat bot may also be implemented in the form of a menu-based bot. Such implementation would be more comfortable for users, especially for those who are just starting working with the bot.
Besides the AI-powered bot, there are several key features that make the stablecoins of Remitt better than others, and one of them is fast performance. Based on the Tron network, transactions of Remitt’s stablecoins take up to 2 minutes. Remitt also offers best conversion rates on the market, and its customer support is always there to assist its users. In addition, it’s constantly looking for new partners to expand its network.
About USDR Token
Remitt USD (USDR) is the TRC-20 based stablecoin of Remitt that is pegged at 1-to-1 with USD fiat-currency, backed 100% by Remitt’s reserves. Tokens pegged to other fiat-currencies and running on other networks such as Ethereum and Algorand are planned to be introduced at later stages.
The USDR token will be listed on LBank Exchange at 20:00 (UTC+8) on August 15, 2022, investors who are interested in the Remitt investment can easily buy and sell USDR token on LBank Exchange by then. The listing of USDR token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
About LBank Exchange
LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.
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