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Centi Launches Stable Currency Linked to Swiss Franc with 1:1 Ratio

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According to reports, Swiss payment startup Centi announced the launch of its stable currency linked to the Swiss franc, supported by a Swiss bank with a 1:1 ratio. Centi has devel

Centi Launches Stable Currency Linked to Swiss Franc with 1:1 Ratio

According to reports, Swiss payment startup Centi announced the launch of its stable currency linked to the Swiss franc, supported by a Swiss bank with a 1:1 ratio. Centi has developed a comprehensive payment processing engine that relies entirely on cutting-edge web3 infrastructure. Centi’s solution allows merchants to pay and settle directly to their banks in the legal currency of their choice, without changing accounting procedures or possessing any encryption knowledge, while reducing fees and costs by up to 99%.

Pay start-up Centi to issue Swiss franc stable currency

Introduction

Centi, the Swiss payment startup, has made a significant announcement by launching its stable currency linked to the Swiss franc. This move comes as a response to the growing demand for cryptocurrency options in the Swiss market. Centi has developed a payment processing engine that operates on cutting-edge web3 infrastructure, enabling merchants to pay and settle directly to their banks without incurring high fees and costs.

What is Centi Stable Currency?

Centi Stable Currency is a digital asset that is pegged to the value of the Swiss franc. The currency is designed to be stable and secure, providing merchants with a reliable payment option. The 1:1 ratio ensures that the value of the Centi Stable Currency is always equal to that of the Swiss franc, providing merchants with the security they need when transacting with digital currency.

How Does Centi Stable Currency Work?

Centi Stable Currency operates on a comprehensive payment processing engine that relies entirely on cutting-edge web3 infrastructure. This solution allows merchants to pay and settle directly to their banks in the legal currency of their choice, without changing accounting procedures or possessing any encryption knowledge. This significantly reduces fees and costs by up to 99%, making it more affordable for merchants to transact in digital currency.

Benefits of Centi Stable Currency

The Centi Stable Currency offers several benefits to merchants, including:
– Security: the stable currency is pegged to the Swiss franc, providing merchants with a secure and reliable payment option.
– Low fees: with fees reduced by up to 99%, merchants can save money on transaction costs.
– Easy integration: the payment processing engine is designed to be easy to integrate, meaning merchants can start accepting payments quickly.
– Choice of legal currency: merchants can pay and settle in their legal currency of choice without changing their accounting procedures.
– No encryption knowledge required: merchants do not need to possess any encryption knowledge to transact with digital currency.

Future of Centi Stable Currency

The launch of Centi Stable Currency is a significant step towards the adoption of digital currency in Switzerland. As more merchants adopt Centi’s solution, the fees and costs associated with digital currency transactions will continue to decrease, making it more accessible to a broader audience. Additionally, Centi’s cutting-edge web3 infrastructure ensures that the payment processing engine is secure and reliable, further increasing its appeal to merchants.

Conclusion

The launch of Centi Stable Currency is a game-changer for merchants who want a reliable and secure payment option. With its 1:1 ratio and cutting-edge web3 infrastructure, Centi’s solution offers merchants a low-cost alternative to traditional methods of payment. As the world continues to shift towards digital currency, Centi’s solution will undoubtedly play a significant role in shaping the future of payments.

FAQs

1. Is Centi Stable Currency legal tender in Switzerland?
No, Centi Stable Currency is not legal tender in Switzerland, but it is pegged to the Swiss franc.
2. Can I integrate Centi Stable Currency into my website?
Yes, Centi’s payment processing engine is designed to be easy to integrate into websites, making it simple for merchants to start accepting digital payments.
3. Can I transact in my legal currency of choice with Centi Stable Currency?
Yes, you can transact in the legal currency of your choice with Centi Stable Currency without having to change your accounting procedures.

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