MMXN: Everything you need to know about this stablecoin

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MMXN: Everything you need to know about this stablecoin

The stablecoins they are cryptocurrencies designed to retain their value because they are backed by fiat currency, such as the US dollar. MMXN is the first stablecoin backed by Moneta Digital reserves, making it a great option for those who need to maintain earnings or the value of their assets. Find out what it is, how it works and the advantages of our stablecoin.

Stablecoins retain their value because they have reserves in currencies such as the Mexican peso and the dollar.

What is MMXN

MMXN is the first stablecoin on par with the Mexican peso, which is fully backed by the reserves of Moneta Digital. In other words, the so-called 'Crypto-peso' is a stable coin that is totally dependent on the number of Mexican pesos that Moneta Digital has, so it will maintain its value throughout the peso.

It should be noted that this Stablecoin is based on Blockchain technology, having all the advantages of traditional Crypto, such as transaction security and the reliability of a network that cannot be hacked.

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For each peso that is deposited directly into the Moneta Digital reserves, an MMXN Token will be issued, so it can be said that the price of this cryptocurrency is 1:1 with respect to the Mexican peso.

What are the advantages of MMXN

The advantages of MMXN are fully focused on the needs of the user, especially those who want to start investing in cryptocurrencies using the Mexican peso. Some advantages are the following:

It keeps its value stable all the time, so you can forget about the volatility that exists in other Cryptocurrencies such as Bitcoin.
It has the economic backing of the Mexican peso reserves, so they serve as a measure of value.
Excellent way to start investing in Crypto using Mexican pesos, without having to go through complicated processes to convert your MXN into USD or EUR.
Your earnings are kept, so it is a good way to invest in products like Trubit Earn and get returns from time to time.
Thanks to the fact that it is part of the Blockchain chain, they are viable for international transactions .
With Trubit you can exchange them for other Crypto, such as Bitcoin or Ethereum automatically.

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It should be noted that in Mexico it is also used as a payment method in some places, such as Cafelito, in Mexico City. In our social networks we will be announcing new places where you can use MMXN as a payment method.

MMXN can serve as a payment method in several places in Mexico.

How to buy MMXN

MMXN of moneta digital can be purchased directly on the web or in the Trubit app. You can buy your tokens directly by following these steps:

Go to the Trubit website.
At the top you will see the option 'buy crypto'.
Select 'Buy MMXN'.
Choose the amount you want to buy and click 'buy'.
Follow the payment instructions and the MMXN should arrive in your Wallet once confirmed.

On some occasions you can also buy MMXN through the Peer to Peer (P2P) market, with the difference that you will be making the transaction with another user, although with all the security measures of Trubit. You do it in the following way:

Go to the Trubit website.
Go to the top right where the 'buy crypto' section is.
Select P2P.
Choose the MMXN option and then 'I want to buy'.
Each MMXN merchant has different amounts and payment options, so choose your option well and trade carefully.
Follow the postpaid instructions and your MMXN will have to be deposited into your account once you are done with the process.

If you have any problems, do not hesitate to contact Trubit customer service so that they can support you during the MMXN purchase process.

Conclusions about MMXN

MMXN is a stablecoin that allows beginners in the Crypto world to start investing, trading and saving. For that reason, Moneta Digital is described using 3 principles:

Acceptance– It will be compatible with all exchanges in the world.
Transparency– Security is guaranteed by being part of the Ethereum network and using the Ethereum 2.0 and Tron network.
Intuitive: you do not need intermediaries, since if you have Mexican pesos you can have MMXN.