RSS is a blockchain based crypto currency whose tokens in circulation are backed by an equivalent amount of Indian Rupees, making it stable coin with a price pegged to INR.
RupeeStandard Coin Launched in MuGambo Block chain Network today. These coins will be traded under Symbol RSS very soon.
RSS belongs to cryptocurrencies called stablecoins which aim to keep cryptocurrency valuations stable, as opposed to the wide swings observed in the prices of other popular cryptocurrencies like Bitcoin and Ethereum. That would allow it to be used as a medium of exchange and a mode of storage of value, instead of being used as a medium of speculative investments.