Havven, a decentralized payment network and one of the first ever stablecoins, has today set out to prove the real-life payment use for a stable cryptocurrency on an international scale with the launch of its own e-store. Dedicated to solving volatility through its dual network stablecoin, the Havven eStore enables the direct acceptance of the stable cryptocurrency in exchange for physical goods.
In its early stage, the eStore will solely accept the first iteration of Havven’s nomin stablecoin, called eUSD. eUSD, which is backed by ether, keeps a stable value of USD $1, meaning participants can transact with the assurance their currency’s value will not fluctuate.
The new e-store is a notable milestone for the brand, which is on track to roll out its entire network in the second half of this year. It marks an exciting step for Havven as it provides the first tangible example of the future of digital money.
Local and international customers with eUSD will be able to purchase a selection of Havven-branded T-shirts, long-sleeve T-shirts, and hoodies. The store will also allow customers to pre-order Havven-branded TREZOR hardware wallets and will be adding a variety of exciting new items to the store shortly.
The eUSD currency will be followed by the launch in July of the official Havven stablecoin, nUSD, which will be the first nomin to be backed by havvens (HAV), the collateral token in the Havven network. As this rolls out, Havven will give participants the opportunity to redeem their eUSD tokens for nUSD.
“Havven was founded on the belief that the future of digital money is a stable and scalable cryptocurrency. Many credible organizations in our industry share that view and have proven as much by backing our project in a significant way. Traditional merchants and consumers need more tangible reasons and experiences to believe that cryptocurrencies are much more than just a store of value. By opening the world’s first e-store to solely accept payment by stablecoin, we can start to bridge that gap and prove the usefulness and efficiency of our platform. These very early transactions will also allow us to review and improve on the network in a controlled capacity ahead of launching full network capabilities in the coming months.”