What is AMP Coinbase? Quiz [Solved]

What is AMP Coinbase? As of today, Amp is the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. It is an Ethereum token that can be used as collateral to provide instant settlement assurance at any time value is transferred.

Amp is a smart contract-based token on the Ethereum blockchain, one that can be easily deployed by anyone to establish instant trust in their transactions.

What is AMP in Coinbase?

Amp (AMP) is a payment token created by Flexa. It’s intended to be a “collateralized” cryptocurrency, providing sellers with the assurance that payments will go through and be settled in fiat.

The issuance and transfer of Amp tokens will be controlled by a smart contract system, which issues Amp tokens and tracks the transfer of ownership on the Ethereum blockchain. Once issued on the Ethereum blockchain, Amp tokens are fungible and tradeable.

Amp was created with the mission to make digital assets universally useful by providing real-time settlement assurance for any kind of value transfer. We believe this will unlock massive economic activity using digital assets for payments and transfers across global markets.

More AMP Coinbase Quiz

Amp is what?A Collateral Token
What does Amp provide on the Flexa network?Instant settlement assurance
What can you earn by Staking Amp on Flexa?AMP Rewards
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