You have seen us mention Xivra a few times already, when we reported on the CoinPayments Coin Vote Poll that was going on until a few days ago. Xivra came out as one of the coins to be added to CoinPayments, but we never actually discussed what Xivra is about. This article will hopefully set things right.
Xivra is meant to be used for online payments worldwide, without the high transactions fees compared to most other payment gateways. To give you an example : there’s nothing as annoying as sending a 250$ payment through Paypal, and then see another 2,5% fee added on top of that ,
But Xivra isn’t looking to be just an online payment options, but also an offline service. This will be established by offering preloaded payment cards and mobile payments, among other ideas. More details about these plans should be available in the next few months.
Developing both an online and offline payment gateway is no easy task, certainly not with Cryptocurrency, which is known for volatile price swings. However, Xivra developers have come up with an idea to counter that, and here’s what they’re planning to do (quoted from the Xivra website) :
“Our goal within the next 24 months is to be able to offer a fixed buy back price for all Xivra in existence and future Xivra. Which price this will be depends on the investment financial institutes are willing to make and on the rate of Xivra on several crypto exchanges.”
“This is done to make sure that Xivra has a bottom price which in return gives any retailer or company more confidence to implement Xivra in their daily business . Consumers will also feel more confident in obtaining-trading-buying Xivra when there is a fixed minimum value since there is no worry that the value of the obtained Xivra will go below a certain point.”
It sounds good on paper, but we’ll have to wait and see if Xivra can deliver on that promise. Consider us intrigued for now.