CorionX has successfully launched their Initial DEX Offering (IDO) on Tokenizer, launched trading pairs on ProBit, and created their Uniswap Liquidity Incentive program. It is safe to say that CorionX is steadily working towards their goal of global stablecoin adoption.
The importance of global stablecoin adoption
Stablecoins are cryptocurrencies pegged to another stable asset such as the U.S dollar or gold. What CorionX aims to pioneer are global stablecoin adoption to provide a decentralized economy with low volatility.
CorionX combines the utilities of their partners, their utility token CORX, and the momentum of the #MoneyInTheRightDirection movement. This amalgamation of forces works cooperatively to make cryptocurrency a staple of everyday life – whether it’s to pay for groceries, a gym session, or a new car.
Global stablecoin adoption does more than infuse crypto-practicality into modernity. With seven billion people on the planet and technology as advanced as ours; many populations are still considered unbanked – without means to access or hold their financial assets. Global stablecoin adoption will revive unbanked populations by providing access to cryptocurrency – without the need of a bank.
Why stablecoins?
With access to the internet and current technology, cryptocurrencies can be held in an e-wallet from any location in the world. As technology continues to develop, CorionX believes that even payments held in offline stores can be expected in the next couple of years.
Aside from accessibility and scalability, there are many benefits to utilizing the blockchain with stablecoins. They include:
- Cheap and fast transactions (unless three to ten working day waits)
- Account creation within minutes rather than days
- 24/7 transfers to any part of the world without limitation.
- Can be spent on any product/service globally
- Low merchant transaction fees
- Transactions cannot be falsified and are easily tracked by all parties involved
The list for stablecoin adoption advantages can continue infinitely, but CorionX’s goal is to make all of these advantages available equally. Their goal is to provide a solution to the seven billion people worldwide that is seamless, accessible, and completely scalable.
With the CORX token, their partners, and the #MoneyInTheRightDirection movement, who’s to say how far they will go?
