RESERVE AND RESERVE PROTOCOL INTRODUCTION
The goal of Reserve is to offer a decentralized alternative to fiat money that is not susceptible to inflation or debasing. This is basically what cryptocurrency was originally conceived to do with Bitcoin. The idea is that by aggregating together baskets of tokenized crypto versions of real-world assets, a currency can be created that is stable in purchasing power and not inflated and debased year after year like government-created currencies. Eventually, these baskets could include real-world commodities such as oil, debt, gold, equities, etc.
Reserve is not susceptible to the risks associated with algorithmic crypto stablecoins such as Luna Terra USTC because it’s backed by real assets. Does this sound like free-market utopian wishful thinking to you? It’s not. The Reserve app, RPay, is already being used by hundreds of thousands of people to buy day-to-day household goods and services in South America.
Did you know that a suit would cost about the same price the entire 19th century? Inflation isn’t natural. It’s an artificial scheme created by governments to allow them to spend more money. It’s essentially legalized theft. Reserve helps with this societal problem.
Reserve is much more than just a stablecoin or investment opportunity. It’s an entire ecosystem, or platform. Anyone with the appropriate collateral is able to create an RToken for people to transact with and/or invest in.
Reserve users use the easy-to-use PayPal-style app, RPay, to buy and sell goods and services, issue remittance payments, pay employees, and deposit/withdrawal funds to their bank accounts using the integrated on and off-ramps. Although Reserve is a crypto project, most users aren’t even aware of it. There is a saying that more grandmothers use Reserve than any other cryptocurrency due to its ease of use, and it’s true. You don’t need to understand complex crypto theory or MetaMask and DEXs to use Reserve. If you do get stuck, support is available 24×7 to help you out!
COMPANY OPERATIONS AND SUPPORT
As of June 2022, Reserve has over 200 employees focusing on everything from business development, compliance, software development, protocol development, and customer support. The customer support team alone consists of 70+ team members that operate 24/7. Reserve is in compliance with all applicable local government regulations where it’s being used.
Reserve is fully funded for the foreseeable future independent of revenue brought in. This means if the overall crypto market hit a multi-year bear market, it wouldn’t impact Reserve’s ability to do business. Reserve plans on being around for a long time and there is no reason to think that’s not going to be the case.
Dozens of respected top industry investor titans have invested in Reserve such as:
- Peter Thiel – Peter is a co-founder of PayPal, Founders Fund, and Palantir Technologies. He founded and funds the Thiel Foundation, which focuses on breakthrough technologies and improving humanity’s long-term future.
- Jack Selby – Jack was a founding team member at PayPal, responsible for taking operations internationally. He is now the Managing Director at Thiel Capital and a Managing Partner at High Frequency Entertainment.
- Eric Jackson – Eric was the original VP of marketing at PayPal and is the author of The Paypal Wars. He is a co-founder of TransitNet, and CEO and co-founder of CapLinked. Are you starting to see a pattern here?
- Sam Altman – Sam is the former president of YCombinator, co-founder/co-chairman at OpenAI, and a prominent angel investor in the industry. He has invested in Airbnb, Instacart, Stripe, Reddit, Asana, Zenefits, Pinterest, Optimizely, and Change.org, among others.
- Coinbase – Coinbase is one of the world’s most popular digital currency exchanges headquartered in San Francisco, California, and originally incubated by YCombinator. Coinbase Ventures is an early-stage venture fund group, focused on investing in forward-thinking blockchain-related companies.
Reserve has a very vocal and dedicated community of supporters called Reserve Rangers. Some are passionate about the investment opportunity with the RSR token while others see the potential Reserve has to impact the lives of millions of people struggling with currency inflation in their countries, a problem that has plagued humanity for generations. Some support the project for both reasons. Reserve has an active Discord group where you can come and ask questions and discuss the project 24.x7.
WHERE CAN I LEARN MORE ABOUT RESERVE?
- Project website.
- The One Page Guide to Reserve.
- Ten thousand-foot Reserve introduction video.
- RPpay documentation and in-depth podcast.
- Reserve Protocol documentation and in-depth RSR video breakdown.
- Official Reserve project Discord server.
- Socials: Twitter, Facebook, YouTube, Medium.
- Community Telegram Reserve project channel.
- Community Telegram Reserve RSR investment channel (aka The Lodge).
Hopefully, you found this informative. Reserve is an absolutely paradigm-shifting project that could radically alter the lives of millions of people all over the globe in the coming years and is already helping hundreds of thousands fend off inflation. Feel free to contact me anytime or you can find me on the Discord and Telegram channels.