Breaking barriers and blending tradition with innovation, New Zealand-based crypto exchange Easy Crypto and Australian blockchain firm Labrys have joined forces to introduce a groundbreaking stablecoin, NZDD. This latest addition to the digital currency landscape promises stability tethered to the New Zealand Dollar, navigating the often turbulent waters of cryptocurrency with the regulatory backing of the New Zealand Financial Markets Authority.
In a bid to bridge the gap between traditional finance and the digital age, Easy Crypto's co-founder and CEO, Janine Grainger, envisions the NZDD stablecoin as a trusted entry point into the digital marketplace. Addressing the concerns of potential investors, Grainger emphasizes the stability of NZDD, presenting a solution to the hesitation surrounding the volatility and complexity associated with crypto assets.
With only 10% of New Zealand's population currently holding crypto assets, Grainger identifies the hurdles of volatility and complexity as key barriers preventing broader participation. She asserts, "As digitization grows, we're focused on solving these challenges," highlighting the need for a seamless onramp to crypto for Kiwis.
Beyond the NZDD stablecoin, the announcement ushers in a new era of convenience with a multicurrency self-custody wallet. Positioned as "one wallet for all your crypto," this innovative wallet offers unlimited sub-wallets, supports multiple blockchains, and features a diverse array of coins, all safeguarded by state-of-the-art security measures.
Grainger aims to demystify crypto management, stating, "Managing your crypto shouldn't be daunting; and you certainly shouldn't need a collection of different wallets." The wallet's user-friendly design allows seamless import and management of multiple accounts within the same interface, accompanied by the option to buy and sell assets from over 50 of the most popular cryptocurrencies.
The new wallet introduces cutting-edge security and recovery features, such as multi-party computation (MPC), offering users peace of mind in case of key loss. Grainger underscores the importance of security in the crypto space, ensuring users that their assets are protected through state-of-the-art technology.
As Easy Crypto and Labrys pave the way for a stable and accessible crypto future in New Zealand, the introduction of NZDD and the versatile multicurrency wallet marks a significant stride in simplifying digital asset management. With an unwavering commitment to addressing the concerns of both seasoned investors and crypto newcomers, this dynamic duo sets a precedent for the seamless integration of traditional finance values into the evolving realm of digital currencies.