Digital currency issued by thriving payments fintech now available on leading global exchange
SAN FRANCISCO—Bittrex Global has listed SHx, the Stellar-based token from the fintech company Stronghold, on its digital currency exchange.
Stronghold, a payments infrastructure company, first issued SHx in 2018 and uses the token in building virtual payment networks that bridge financial systems and adapt to specific market needs. SHx’s innovative token design underpins Stronghold’s financial services and empowers the company to provide real time settlement, fee discounts, rewards, decentralized finance, and governance to its business customers.
More than 100 businesses use SHx daily, and it has more than 15,000 holders worldwide. At the time of publication, its market cap was more than $1.5 billion.
Bittrex Global, widely considered among the top global digital currency exchanges, has a history of listing the rising stars that are advancing developments in the digital currency ecosystem.
A surge of recent interest in SHx follows Stronghold’s momentum in expanding access to modern payments technology—with a fivefold increase of merchants integrating into the StrongholdNET ecosystem over the past year.
The Stellar-based token enables transactions that can settle within seconds and at lower retail transaction costs. Stronghold also recently launched an SHx-funded rewards program for its merchant and technology partners.
“We’re excited to reach a new audience of digital currency advocates. SHx has been an essential building block for the financial infrastructure we’re creating. The Bittrex listing not only increases the liquidity of the token, it also broadens the reach of the StrongholdNET ecosystem,” said Stronghold CEO and co-founder Tammy Camp.
Watch Stonghold CEO and co-founder Tammy Camp announce the Bittrex Global+ SHx listing: