Cryptocurrency is an evolving financial solution that has grown in leaps and bounds over the years. One of the key purposes of crypto assets is to enable peer-to-peer (P2P) financial transactions and minimize reliance on third parties.
The crypto industry wants everyone to have easy and affordable services. World bank records show that nearly half of the world’s population is underbanked or unbanked. Few crypto projects are working specifically to provide financial services in the unbanked areas of the world.
Mushe Token (XMU) is joining the ranks of established cryptocurrencies like Stellar (XLM) and XRP (XRP) designed for digital payments.
Mushe Token (XMU) – coming to transform the crypto scene
XMU, Mushe Token’s native currency, is a decentralised token for peer-to-peer rewards, governance, and interaction. Mushe Token is built on Ethereum, one of the most used blockchains in the world. However, it aims to migrate to Stellar’s network because of the advantages it offers.
The XMU token will be used to transact within the Mushe ecosystem. Mushe Token has developed a custom wallet that allows users to buy, hold, transfer, and exchange cryptocurrencies and NFTs.
Mushe Wallet offers a mix of security, flexibility, and simplicity to users. The project is working with its partners to address the challenges that new crypto users have to deal with. These pain points are a barrier to entry for new beginners. Mushe Wallet has simple but important features that even non-crypto people can easily adapt to.
The users can trade, buy, and sell metaverse products and services through the MusheVerse e-commerce and banking platform. The project is working on a partnership to simplify the transition from fiat to crypto. The XMU token eliminates geographical boundaries that make cross-border transactions a nightmare for many people.
MusheVerse is a way for people to have a better understanding of fiat, crypto, and the metaverse. Mushe Token will achieve this by providing educational resources to people to improve their financial literacy.
Mushe Token has reserved 5% of its token supply to reward XMU token holders through staking. This allows XMU token holders to earn passive income for holding their tokens. Users need at least 125,000 XMU tokens to be eligible for the staking program. Investors can start buying the XMU tokens during the currently ongoing presale. There are also other rewards programs on the platform, such as the Mushe Lottery.
XRP (XRP) – the leading payment platform
XRP is the native currency of a payment system developed by Ripple Labs. XRP (XRP) has earned the reputation of being the digital asset built for global payments.
XRP is known for cross-border payments as it delivers global payments almost instantaneously at very low costs. Ripple makes remittances, SME payments, and other kinds of transactions cheaper and more reliable for individuals, organisations, and customers.
Ripple is very important for remittances. The fintech firm charges 0.00001 XRP for transactions. On the other hand, the global average fee for remittances is 6% of the amount being sent. Ripple’s solution is helpful because it allows recipients to receive more due to the low transaction costs. XRP is one of the best cryptocurrencies for fast and cheaper digital payments for everyone.
Stellar (XLM) – transforming the financial sphere
Stellar (XLM) is a decentralised peer-to-peer network created in 2014. The crypto project was founded by Jed McCaleb, one of the founders of Ripple Labs. McCaleb envisions Stellar as a vehicle to easily convert fiat to crypto.
Stellar aims to eliminate the challenges experienced by people when sending money around the world. This is one of the major reasons why Mushe Token intends to migrate to Stellar’s network. XLM is the native currency of the platform and its value grows as more people use and adopt the network.
For more information on Mushe Token (XMU):
Presale: https://portal.mushe.world/sign-up
Website: https://mushe.world/
Telegram: https://t.me/musheworldXMU
Keywords: Mushe Token, XMU, Stellar, XLM, Ripple, XRP, Metaverse, Peer-to-peer, Cryptocurrency.
