FXPAY DESIGNS A DECENTRALISED GATEWAY TO DIGITAL GLOBAL ECOSYSTEM

queentee (31)in #steemitdotcom • 6 years ago (edited)

INTRODUTION TO FXPAY AND BARRIERS IDENTIFIED
FXpay is extremely anticipated favourable chance for business advancement or progress,contributing innovatory technology to foreign exchange (forex). Forex is a universal decentralised foreign exchange basically for currency trading and determination of the rate of exchange. Forex market is the largest and most liquid market globally.
There are however lots of existing identified ineffectiveness prevalent in the forex exchange market. For instance the procedures involve in the transaction are ineffective and complex alongside a deficient and absence of reliability or uniformity regarding brokers. Transaction fee when converting from one currency to another is relatively high,which is mainly lacking the ability to interest investors and influence investment to continue and succeed. These impediment or limitation in entering the Forex market has an effect discouraging beginners,new members or investors.
FXpay steps in and skilfully manage and make possible cost-effective solution for Traders,Brokers,Bank institutions that provides forex to brokers,by employing the blockchain technology to be able to bring to bearest minimum the likelihood or possibility of a negative outcome that could endanger brokers and traders,thereby making attainable adequate favourable circumstances, likewise it also aims at improving the rapid rate of transaction in the Forex market.

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         PROFFERED SOLUTIONS BY FXPAY

The invention of blockchain technology by Fxpay in the Forex market is able to tackle and resolves the difficulties present and faced regards ineffectiveness and the likes. Consequently the creation of digital currency for brokers and traders make possible a channel or means whereby it becomes more easy to exchange fiat currency to FXP token without difficulty. And it also make provision that as long as it is safely signed in on the blockchain,it can as well be exchanged into any FXpay Forex pairs.
Traders have a greater chance to be involve in the market by the function of Forex credit. In the event where trading is discontinued,Forex credit can be exchanged for FXP or other digital currency,Forex credit can be withdrawn and converted into fiat currency via the means of the trading platform with a reduced transaction cost.
FXpay designs a revolutionary ecosystem that is cost-effective and of greater swift or rapid transaction speed or process with a huge beneficial effect that includes a larger profit-margin,efficacious investment for traders and also cost-effective at the time of conducting trade with liquid providers.
Fxpay can serve as an investment position intended to offset potential loss or gain that may be incurred during high market volatility. It reduces investors exposure to risk for example the risk of price movement. Also,thereby moving to action and performing a role of acknowledging the ownership of its premium broker.

      TOKENIZATION

FXP is a utility token,a decentralised cryptocurrency built on blockchain technology. It is an ERC20 standard based on Ethereum system.
Its payments gateway which is on the foundation of Ethereum makes possible and execute diverse objectives which include making easy payment processes connecting issuing banks and acquiring banks. It as well acknowledges payment to be made to liquidity brokers without any delay by the brokers via the means of blockchain technology,thereby decreasing charges on transaction to its bearest minimum.

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