Introducing NZDD for individuals
NZDD is your gateway to the future of finance, harnessing the benefits of blockchain technology, combined with the trust and stability of the New Zealand Dollar.
Every NZDD is backed 1-to-1 with NZ dollars, but is available instantly, globally, 24/7
Benefits for individuals
NZDD provides multiple benefits for everyone.
Spend on merchants
NZDD maintains a 1:1 value with traditional NZD, which means you can use it to pay bills and shop where NZDD is accepted.
Get paid in NZDD
Utilising a payment network that never sleeps, your employer could pay you New Zealand Dollars using NZDD, any time, anywhere, even if you live overseas. NZDD works almost like hard cash, which means it is independent of conventional bank transfer networks.
Send money internationally
NZDD uses innovative ways to be sent across the globe. It can be done quicker and cheaper than the traditional way of sending money through international wire via conventional banks. NZDD is also easily convertible to other foreign stablecoins, such as USD Coin, at a more effective exchange rate than anywhere else.
Invest in crypto
NZDD uses the same technology behind cryptocurrencies. This means for crypto investors, buying and selling crypto with the dollar has never been so seamless. Skip the banking delays, and buy or sell crypto exactly when you want to.
NZDD for individuals
NZDD empowers individuals to do more with their dollars.
In a more connected world, using digital finance technologies, you can invest in novel assets like cryptocurrencies, and make fast and affordable international transfers, in addition to daily activities like shopping, paying bills, and earning income.
Why NZDD?
NZDD is a safe and trusted cryptocurrency for Kiwis to get involved in the digital finance revolution. Whether you want to trade between cryptos or store your funds for the longer term NZDD is a safe choice backed 1:1 by the New Zealand Dollar and held on NZ shores.
Transparent & secure
NZDD maintains transparency by utilising blockchain technology on one of the most secure and decentralised networks to date.
Stability you can trust
Every unit of NZDD token is backed by real NZ dollar held in a New Zealand bank account.
Pay bills and invoices
You can use NZDD in your daily life, such as for paying utility bills and invoices via Billpay thanks to PayitNow
Fast, safe and instant
Transact and use NZDD fast, safely and seamlessly 365 days a year, 24/7. Send money back home or anywhere in the world easily.
Earn passive Income
You can earn trading fees on Uniswap by adding NZDD to a liquidity pool, while keeping it safe under your custody.
Future scalability
NZDD is designed with scalability and the future in mind to meet the evolving needs of the industry.
FAQs
The NZDD is a stablecoin that is backed 1-to-1 to New Zealand Dollars (NZD). It is issued by ECDD Holdings Ltd., and all redeemable NZD cash collateral are held in a bare trust at a local bank.
If you're a crypto trader or investor, you can use NZDD rather than USD stablecoins to protect against the volatility of holding foreign currencies.
If you're a local or international business, you can hold a reserve of NZDD to pay your employees quickly and affordably with blockchain technology.
You can also accept NZDD as a crypto payment method, and easily convert them into cash through an exchange, without worrying about volatility.
NZDD is a stablecoin on Ethereum and other compatible networks. You can buy and sell NZDD with other partner exchanges, and store them in all Ethereum-compatible wallets such as Metamask, Rabby Wallet, TrustWallet, and more.
You can also transfer NZDD to a wallet address and use smart contracts, the same way you could transact with any other stablecoins.
You can swap NZDD with other tokens on Uniswap and other Ethereum-compatible decentralised exchanges when a liquidity pool is available in them.