Italian Lira (ITL) is a community-owned cryptocurrency created with a vision to develop an independent and decentralized payment system. Italian Lira is a revolutionary invention whose primary goal is to digitize traditional currency and bring out a clear alternative for the country’s economic future. Italian Lira, at present, aims to assist citizens looking for an alternate decentralized economy without any barriers or centralized commissions. 

ITL endeavors to upgrade the economy and future of countries. The cryptocurrency operates on the ERC-20 token standard and runs on the Ethereum blockchain. ITL aims to allow users to transfer cryptocurrencies across the world in a few clicks. Because the token primarily functions on the Ethereum blockchain, verifying payments and executing transactions is quick. Italian Lira allows users to enjoy optimum privacy of their financial information. The token wishes to operate without any centralized control. Hence, ITL enables users to manage anonymous transactions on the blockchain. 

Italian Lira intends to encourage the community to embrace and increase the use of ITL. Users can utilize the ITL tokens to make purchases both online and offline. ITL also enables users to continue trading the cryptocurrency for higher revenues. As the website describes, the number of ITL tokens in circulation is pre-set, thus ensuring that the token is not prone to inflation risks. ITL does not support the mining of new tokens. However, a new development team intends to burn approximately 70 billion coins active in circulation. Burning implies removing the Italian Lira coins from circulation by sending the coins to an unusable anonymous wallet address. The cryptocurrencies cannot be retrieved and are therefore lost permanently. Users can purchase and trade ITL tokens on decentralized exchanges (DEXs) like CREX24 and STEX. 

Italian Lira (ITL) is made up of a young team of professionals living on five continents. According to the website, the Lira was an existing traditional currency of Italy and the Albanian Kingdom from 1861 up until 2002. However, between 1999 and 2002, the Italian Lira was reckoned as the official subunit or fraction of the euro. This implied that payments and transactions were conducted using Lira only. The initial total supply of the Italian Lira crypto coins is 100,000,000,000 ITL.