BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home Blockchain

RSR’s Uptrend Continues 2 Weeks after Launching Reserve Institutional

by Dalmas Ngetich
Aug 17, 2022 - 12:00 am
in Blockchain
RSR's Uptrend Continues 2 Weeks after Launching Reserve Institutional

The RSR token has been on a continuous uptrend since the 1st of August. At the start of the month, the Reserve protocol announced the launch of a new product, Reserve institutional. Reserve institutional was launched to help citizens in Latin American countries execute bulk transactions with low fees.

1/5 We are incredibly excited to announce a new service that Reserve will be providing to its customers starting from today.

Let us introduce you to Reserve Institutional ✨ pic.twitter.com/tHXUJnDVDa

— Reserve (@reserveprotocol) August 1, 2022

The Reserve protocol also mentioned that a few clients had used its payment service for some time. With growing adoption, the protocol has deemed it fit to expand its service reach to institutions.

With the new product, users would also facilitate faster transactions. The protocol made it known that Reserve institutions would be available in Peru, Argentina, Columbia, and Venezuela. The Reserve protocol has focused on serving nations with economic difficulties.

Peru, Argentina, Columbia, and Venezuela have recently been hit with extreme inflation. Between 1980 to 2020, the average annual inflation rate in Venezuela was 3,600% per year. Last year, the nation recorded an annual inflation rate of 1588%.

Reserve’s products have given citizens in Venezuela and the three other Latin American nations an option to hedge against inflation. Reserve’s RSV token is a stablecoin that protects individuals from inflation while protecting holders from the volatility of crypto markets. RSV is pegged to the United States dollars.

On the other hand, the RSR token is a volatile altcoin. RSR, which traded at around $0.065 at the start of the month, is now valued at $0.07. Since the protocol launched the institutional product, the token surged, forming higher highs and higher lows on the charts.RSR reached a peak of $0.085 before retracing on the charts. The RSR token now has a market capitalization of $292 million and is ranked as the 119th token on the list of cryptocurrencies by market capitalization.

Dalmas Ngetich

Dalmas Ngetich

His primary focus is on technical analysis (crypto is, obviously, *not* crypto without the twirls of price action), the magic of DeFi, and NFTs. He is specifically training his eyes and effort on DeFi—and how the tech is changing investment, opening up opportunities for everyone—and the possibilities of NFTs.

Related Posts

Exterior view of the Czech National Bank building in Prague, symbolizing the institution’s financial strategies and innovation.

Bank of England Governor Says Stablecoins Could Reduce Reliance on Banks

October 1, 2025

Andrew Bailey says stablecoins could reduce UK reliance on commercial banks by separating money from credit, signaling a...

blockchain

Spacecoin Executes First Blockchain Transaction Through Space

October 1, 2025

Spacecoin has achieved the first-ever blockchain transaction through space using a nanosatellite, marking a milestone for decentralization and...

The headquarters of the Autorité des Marchés Financiers (AMF) Investor in Paris, France, the regulatory body warning investors against ByBit.

French Officials Pressured Telegram to Censor Moldova Election Posts: Durov

September 28, 2025

Pavel Durov revealed French intelligence pressured Telegram to censor Moldova election content in 2024, which he refused, citing...

Wall Street financial district with Bitcoin symbol representing institutional adoption

Bitcoin skepticism fades as nations gear up for adoption, says Samson Mow

September 28, 2025

Samson Mow predicts nation-states will move from skepticism to rapid Bitcoin adoption, fueling global FOMO and a rush...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service