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An Australian company has developed a world-first platform to enable people to use cryptocurrency for everything from buying a cup of coffee to purchasing a home.


The Digital Currency Reserve (TDCR) aims to see cryptocurrency used widely throughout the world for everyday transactions as easily as credit cards are used today while giving consumers and businesses the same privacy laws and consumer protections they demand from traditional financial services.

The high-powered team behind the technology includes former Federal Communications Minister and Senator, Stephen Conroy.

“Our goal is to expand cryptocurrency access to more businesses, stores, and services, allowing TDCR members to avoid having to convert back into fiat currency,” TDCR founder John Fenga said.

TDCR aims to connect customers, businesses, and utilities on the same network to enable people to make purchases in cryptocurrency without having to first convert into “fiat currency” (i.e. government-issued legal tender, such as the Australian dollar).

By eliminating conversion, which can take minutes or days, businesses and consumers can transact with confidence and consistency. TDCR also enables members to convert their crypto to fiat at any time, even at the point of purchase.

Mr. Fenga said TDCR’s platform was not just for consumers.

“With built-in merchant solutions, business owners can transact with consumers and suppliers in cryptocurrency without unnecessary conversions,” he said.

“This way, for consumers wanting to buy a coffee with their bitcoin, a cafe can accept it for its actual cost and not an inflated amount. TDCR makes using cryptocurrency as easy as using your VISA or Mastercard.”

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While there are other technology platforms that deal in cryptocurrency, TDCR differs in that it is a hybrid of both centralized and decentralized networks – similar to current banking systems – which will make it easier for governments to adopt.

“Our goal for future releases is to enable our members to buy a property with crypto, finance it with crypto, and service it with crypto, all inside the TDCR ecosystem,” Mr. Fenga said.

“We want to provide our members with bank-like tools and services because the platform was based on banking technology.”

Retail statistics show, that for merchant early adopters of cryptocurrency payments, 40% of crypto users are new customers to their business leading to more than 300% return on investment.

“There are more than 300 million cryptocurrency investors around the world yet only about 18,000 establishments – globally – accept the currency as payment,” Mr. Fenga said.

“In Australia alone, about one million people have some form of cryptocurrency but can’t use it for day-to-day transactions.”

TDCR operates in an open and accountable way – bringing cryptocurrencies out of the dark web and into the light, where both customers and governments can have confidence in the transactions.

TDCR’s platform enables it to regulate and monitor all transactions and report any suspicious activity, just like a bank.

Mr. Fenga said the platform was secure because, in its simplest terms, it saved the actual currency and created a duplicate for transactions. If that duplicate is stolen, it is promptly deleted.

“TDCR can monitor these duplicated “coins” because it is the issuer, acquirer, and processor throughout the entire transaction,” Mr. Fenga said.

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The team behind TDCR has an enormous depth and breadth of experience across a range of industries and sectors – with an investment, or interest, in cryptocurrency as a common denominator.

Mr. Fenga has 20 years of experience in disruptive industries (innovations that shake up established markets or create new markets), particularly financial technology.

Jeffrey Cole, director of The Centre of Digital Future at USC Annenberg, is an international expert in digital technology who has advised world political and business leaders and was one of the founders of the Australian-based Global Disruption Fund, which identifies and invests in emerging disruptive innovations.

Marketing expert Steve Lewis has 25 years in brand marketing and communications, while Mr. Conroy is a former federal minister and John Markos is a former lawyer turned management consultant.

“The concept was born out of all of us making small crypto investments but having no ability to transact in the ‘currency’,” Mr. Lewis said.

“Yes, we could send it to each other, and lose a lot in the process, but we had no ability to spend in real, legitimate terms.”

TDCR is a financial technology company that links strategically placed TDCR Reserves around the world to a TDCR Global aggregator that is in Australia to create a closed loop regulated, secure cryptocurrency payment rail that will facilitate faster, cheaper, and more secure digital transactions.

What is a crypto payment rail?

A cryptocurrency payment rail is essentially the backbone created by the web of TDCR reserves around the world. This facilitates the cryptocurrency transfers of coins between one individual or organization to another, regardless of the country, coin, or digital payment method. 

The TDCR Reserve is an instance of the operational CBaaS across different countries.

The Reserve manages day-to-day interactions with customers/account holders as well as interactions with business partners. The transactions include (but are not limited to)

  • customer onboarding

  • accounts transactions

  • fund deposits

  • bill payments

  • fund transfers

  • Point of Sale transactions, etc.

Transactions happening on the TDCR reserve are journaled onto the centralized Aggregator Transactions Manager (TDCR Aggregator) Ledger.

What is a TDCR Aggregator?

The TDCR Aggregator Transactions Manager (Aggregator) acts as the central transactions manager, managing ledgers of operational Reserves across regions. The Aggregator manages the consolidated ledger of Cryptocurrency assets across the ecosystem. The Aggregator is also the main integration gateway to the Cryptocurrency exchanges and NFT exchanges.

Within the TDCR ecosystem, TDCR will hold the Cryptocurrency assets on behalf of customers. All transactions that occur within the TDCR ecosystem are only journaled among TDCR accounts. When customers bring in or send out their assets to/from TDCR, only then TDCR performs transactions with external entities like Crypto Exchanges.


Disclaimer: This article is for informational capabilities only. It is no longer an immediate offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any merchandise, services, or companies. We no longer provide funding, tax, neatly suited, or accounting advice. Neither the corporate nor the author is guilty, straight or no longer straight, for any injury or loss precipitated or speculated to be precipitated by or in connection with the usage of or reliance on any insist, items, or services mentioned in this text.

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