March turned into March Madness for the Reserve team, with the whole team working extra to support our growth in Reserve app users in Argentina, Venezuela, and Colombia!

We just published an end of Q1 update: https://medium.com/reserve-currency/reserve-update-end-of-q1-2021-f5e349248a94

In the last week of March, Reserve was the #1 most downloaded finance app in Venezuela, and surpassed 100,000 total downloads.

We’re also seeing increased app usage in Argentina and Colombia, and we have plans in the works to improve our service and growth rates in each of those countries in the near future.

There are now 1,102 merchants officially accepting Reserve with more doing so informally, and we’ve hired a new BD manager who is fully dedicated to onboarding more every day.

The Spanish-speaking Reserve community is growing faster than the English-speaking community at this point. We’re at 29k on Twitter and 76k on TikTok.

https://twitter.com/holareserve  https://www.tiktok.com/@holareserve 

We’re continuing to recruit great software engineers. We hired three in Q1.

Our full-time team has expanded to 61 people, with the most growth in app operations and customer support.

At the end of March, we had to implement a new program to slow our app user growth rate. We want to grow as fast as people want to join, but that's tough. We are back to accumulating 1-star reviews in the Play Store from upset people who don’t want to wait to join the app.

We still don’t have a specific launch timeframe for the full Reserve protocol (“mainnet launch”), since we have been investing heavily in app scalability. We’re still aiming to do it this year.

We’re still not publicly sharing our app transaction volume stats. We plan to do this soon, but there are a few things we want to take care of before we draw much more attention to the project, which we think may happen by sharing those stats.