Zen Agency Europe

Zen overview

Zen is the world's newest and most stable digital currency. Introduced in April, 2013, the Zen enables the development of a vibrant marketplace and thriving economy. The Zen, issued by Zurker, a democratic organization, is designed to be stable.

ZEN = [AUD BRL CAD CHF NOK GBP IDR ILS INR JPY KRW MXN MYR EUR NZD PHP RUB SEK SGD THB USD ZAR]

The Zen is pegged to a basket of 22 international currencies, from countries all over the world. As such, the Zen can withstand regional fluctations while reflecting an accurate value vis-a-vis each currency. The movement of each currency in relation to the other currencies is tracked and the Zen's value in relation to that currency is adjusted accordingly. It is an unbiased, elegant solution which nonetheless reflects market conditions.

Secure and Private

The Zen is centralized for governance, but with a system design incorporating elements of decentralization. Wallets can be created and stored by third-party apps. Zen agents can function like banks, holding accounts on behalf of users. Users can also create their own completely private and secure bank-like accounts.

Convertible

Zen can be transferred between accounts and wallets, and it can also be turned into coins. The value of the Zen coin is determined by the user who creates the coin, and can be any value as low as 0.01 Zen (one cent). Zen functions exactly like cash. Zen can be bought and sold freely.

Micropayments

The advent of a virtual currency has long been touted as the killer app which will finally enable micropayments, such as, for example, paying 5 cents to read an article. Micropayments have long been sought after by app and content developers as an alternative to advertising-based revenue or pricey subscriptions. Widespread adoption of the Zen will finally enable micropayments to be a viable option.

Quick and Simple

The value of Zen transfers and Zen coins can be validated within seconds. There is no delay in processing because there is no need to check against spent coins.

Zero Service Charges

Being entirely digital, Zen can be transferred from one wallet or account to another at zero cost. Since there is no mining, the proceeds from the creation of Zen can be used to support app developers and their infrastructural requirements. In other words, as Zen are purchased with legal tender, that capital is used to fund not just management of the Zen but the app developers working to build a better Zen ecosystem.