Using XLM: Exchanging for USD, CZK, or other Fiat

Most likely you spend the same currency every day, US Dollars or Euros or Yen maybe. We don't think about all the other currencies most of the time, maybe not ever. But they're there. Today we don't have only the currencies issued by countries, called "fiat" currencies. There are also hundreds of digital currencies (sometimes called crypto currencies). They all have value, they're all "real money", and they can all be traded for one another. A great many exchanges exist for that very purpose.

DigiPhi and Money

DigiPhi is designed so that people from any country can buy stamps using any currency they 're used to. To make that possible we use a digital currency called XLM (also known as Stellar Lumens). We are working very hard to make that as seemless and simple for everyone but at this time it means that to buy stamps you need XLM and if you want winnings or profits in your local "real money" you'll need to exchange it.

Buying DigiPhi Stamps

If you follow a link from a friend or an online offer to buy stamps it will lead you to a bot on the Telegram chat app. There you can generate the stamps or sheets you want and then push the Request button. Your friend can send you enough XLM to make the purchase and you just pay her in cash or buy her lunch or whatever the two of you agree on.

Or, you can buy XLM on an exchange

The stamp prices will be shown in a currency like USD or EUR but it's important to understand that this is just an estimated exchange rate between the currency shown and XLM on the day the Series was launched. The actual transaction is done in XLM.

XLM and DigiPhi Prizes and Commissions... and Taxes

All DigiPhi sweepstates prizes, bonuses, and commissions are paid in XLM directly into your bot. This is "real money" and it is yours. You can use it to buy stamps for yourself, you can send it to anyone sending you a reqwuest to help you sell more stamps, or you can sell it for US Dollars or other fiat currencies on an exchange. And, maybe not so good news for some folks, you're responsible for taxes where you live. Make sure you check the laws.