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EXR offers Libra alternative, trade war protection

Last update: 27/09/2019

KUALA LUMPUR, Sept 27 -- The EXR Foundation, a global Fintech group registered in Singapore, recently announced stable-value digital asset, EXR, which offers Libra alternative and trade-war protection.

It will be created alongside Bitcoin, Facebook’s Libra and the Peoples’ Bank of China’s incoming stable asset for domestic use in China, according to a statement.

The EXR digital asset appears to have taken the best lessons learned from Libra, Bitcoin and the history of the United States Dollar and Pound Sterling, to make for a strong contender to become a global stable currency.

The EXR Foundation will seek to offer a safe-haven alternative for businesses that seek improved information security, easier cross-border trading and better access to international markets.

EXR is proposed to consist of a basket of leading fiat currencies, equal-weighted and collectively valued at US$1 per token at its date of inception. (US$1 = RM4.19)

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