Can FIREPIN Token (FRPN) Measure Up to the Likes of Monero (XMR) and Stellar (XLM)?

Business owners and customers wanting a hassle-free way to transfer and manage their money could find new community crypto FIREPIN Token, as the answer to their prayers. As a lot of people are working remotely, more and more people are moving into digital office spaces and the way that business owners are paying their overseas staff is also moving digitally.

The popular cryptocurrency Stellar (XLM) is one of the leaders when it comes to helping to boost financial institutions and connecting the world’s unbanked. Since 2014 Stellar (XLM) has helped financial firms connect through blockchain technology, using a single pathway. The network uses lumens tokens, as a bridge which is less expensive than some existing payment providers like PayPal and SWIFT, with fees of up to 6% to move money across different borders is very useful for start-up businesses that have emerged since the start of the pandemic. 

Presently, the live Stellar price today is $0.173034 USD with a 24-hour trading volume of $297,963,052 USD, and Stellar (XLM) is down 0.18% in the last 24 hours and the current CoinMarketCap ranking is #32.

Comparatively, Monero (XMR) which was launched in the same year as Stellar (XLM) in 2014, allows transactions to take place privately and anonymously. The cryptocurrency has had some backlash because unlike Bitcoin (BTC) which has traceable transactions, some people have been reluctant to do transfers with Monero (XMR) because of fear of possible criminal activity. 

Although the other argument to do transfers with Monero (XMR) from some analysts, is that because it is not traceable it is more secure and fungible so that when people are sending money to their employees and for other business propositions, they are not worried about other people trying to obtain their information. 

Also, if coins are sent to someone else and the Monero (XMR) coin was stolen, then in the eyes of its creators the receiving innocent agent would not be refused the transaction because there may have been some illegal issues in the past because it is not traceable.

Currently, the live Monero (XRM) price today is $164.62 USD with a 24-hour trading volume of $125,954,166 USD. Also, the Monero is up 3.86% in the last 24-hours with a CoinMarketCap ranking of # 41. So, it is not a surprise that this cryptocurrency is up because many businesses want secure and quick methods of moving money around. 

FIREPIN Token (FRPN) which launched its presale just last month is going from strength to strength, because like Stellar (XLM) and Monero (XRM) it has focussed on making transactions decentralized and cost-effective in this digital new world. Also, its project’s presale began over a week ago and investors have seen an impressive 150% return already.

FIREPIN Token (FRPN) has many benefits like it having DAO platform with integration of METAVERSE, so it thrives on getting ideas from individuals to improve the platform. Also, a percentage of each transaction is put towards its treasury to invest in making it even better. 

Arguably, the most significant benefit for business owners and customers is that the platform uses a multi-chain integration, which helps its users to transfer & purchase items on various platforms. This is a huge benefit because not a lot of other cryptocurrencies have this valuable feature. The different platforms on offer that can be bridged between are Ethereum (ETH), Solana (SOL), Binance Smart chain (BNB), Polygon (MATIC), & Avalanche (AVAX).

Also, another key feature that FIREPIN Token (FRPN) has which will benefit business owners and customers is that it has a FIREPIN Auto Airdrop, which means that existing FIREPIN holders earn a fee of 2% for each transaction on the network. Also, if a user retains the tokens in their wallet, then they will receive more tokens in return. So, it pays to transfer your money around which is an added perk. 

So, if you are looking for a long-term investment, that has the benefit of being able to move around money efficiently and to earn money from it, then FIREPIN Token (FRPN) may solve all your business transactions issues.

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Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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