Token X - Consumers
Token X supports the majour currencies on Stellar and Ethereum and transferring money instantly, even between currencies, is made easy with a simple 3-step process make payments via web or mobile apps.
Using tokens backed by fiat currency on deposit at banks, cross-border payments become frictionless, low cost and instant.
Moving money costs pennies compared to other money transfer and banking services.
Federated, Not Proprietary
Federated network of issuers creates an ecosystem where users have more ways to move money in or out without the constraints of exchanges on which stablecoin redemptions move today.
Money moving in or out settles in minutes, the time it takes to record on the blockchain, compared to days with traditional bank payment methods.
How it Works
To purchase Token X stablecoin, deposit fiat money with an issuer who then sends the stablecoin to a public blockchain address. To redeem stablecoin for deposit, the process is reverse - send the stablecoin to the issuer who then sends fiat money to a bank account. These steps are simplified to a few clicks using the Token X web app, or mobile app.
Get in touch with the team to learn more about how Token is delivering new digital money use cases.