Reserve Protocol
After months of a closed invitation system, the Reserve Protocol is rapidly growing after they have opened up their Reserve app in the four operating countries. The overall public perception of the Reserve app is significantly increased, thanks to the Reserve App team making the app accessible by intuitive user interfaces. According to Nevin, the Reserve app has experienced significant growth. The total number of monthly transactions and consumer transaction volume grow by 50% MoM (Month on Month), indicating that the ecosystem grows.
5,000+ businesses currently support the Reserve app and are the main driver of the increase of transaction volume. The total number of daily transactions is 15,200 with a volume of 1,600,000 USD, making RSV the most popular cryptocurrency in Venezuela. Reserve Protocol disrupts the financial industry by allowing anyone to be included. Furthermore, allowing users to transfer money within the Reserve App without any transaction fees is incredibly intuitive.
