Nesopay is introducing Network Encrypted Sovereign Dollar (NESO), the world’s first sovereign backed stable currency.

NESO consists of six weighted sovereign currencies: USD, EURO, JPY, GBP, AED and SGD. The selection of those base sovereign currencies represents the most dynamic, innovative, and liquid of the world economies.

The weights of each sovereign currency consisting of NESO are:

NESO is legal, stable, anonymous, decentralized, and freely exchangeable. It offers the legitimacy and liquidity of sovereign currency, while avoids the pitfalls of crypto currencies and the bureaucracies of central bank control.

Legal. NESO is a weighted average of sovereign currencies and therefore as legal as the underlying fiat currencies. NESO is not a crypto currency and is not mined.

Stable. NESO’s weighted average construct insures its stability, making it the most stable digital currency.

Anonymous. NESO transactions are encrypted using strong RSA-256 algorithm to ensure safety and anonymity.

Decentralized. NESO is not issued or managed by any central bank.

Exchangeable. NESO can be exchanged with all fiat currencies.

Nesopay.com is building the payment solutions, risk management capabilities, trading exchange, and financial infrastructures that enable NESO to become the preferred stable currency for the world.

NESO’s first real world use case scenario is for the world’s 40 million digital nomads, whose life and work often require them to make and take payments in different countries and in different currencies, a process with a lot of frictions, restrictions, and frustrations.

For pay-in, Nesopay supports the world’s most widely used payment options, including:Visa, Mastercard, American Express, Alipay, WeChat Pay, Stripe, and Paypal. Nesopay will expands the integration to include other payment options world-wide.

Nesopay also supports bank wire (ACH for U.S. and SWIFT internationally).

For pay-out, Nesopay supports bank account, Paypal, and Stripe, SWIFT, and adding more.

Nesopay API is for merchants and third-party developers that would like to offer Nesopay as a pay-in option.