The birth of digital assets which is fueled by Blockchain technology, could mean an improved future for the world.
This digital asset is popularly known as cryptocurrencies, a digital cash which facilitates cashless transactions and could be used to carry out transactions of any kind, easily.
Cryptocurrencies are designed to foster transparency and improved speed of transactions, with the help of the Blockchain, making it possible for the execution of every transaction, even cross-border transactions, without limits.
Unfortunately, the global adoption of cryptocurrencies into the different systems is yet to be achieved and might never be achieved if these problems persist.
This delay in the global acceptance of cryptocurrencies is chalked up to the fact that there are no reliable tools such as cryptocurrency exchanges, which will help for its efficient use and the few available ones are confronted with a lot of challenges.
LIMITATIONS OF THE CURRENT CRYPTOCURRENCY SYSTEMS
Centralization
High transactions charges
Absence of security
Presence of middlemen
Difficulty in the purchase and trading of cryptocurrencies
Reduced speed of operation and many more.
All of these factors have brought about the slow adoption of this digital currency, making its use in real-time to be impossible and this has led to the denial of all the benefits enjoyable by users, through the use of cryptocurrencies and has in fact kept the global financial system from improving.
BDAM PLATFORM IS THE SOLUTION THE WORLD NEEDS
BDAM which stands for British Digital Asset Management, is a digital platform created by the BDAM foundation, to improve the global financial system through the use of its great technologies and improved techniques.
This system will grant the global users full access to the seamless and fast transactions which the adoption of cryptocurrencies provides, by leveraging the use of its cutting-edge technologies.
To achieve this, BDAM platform uses advanced technologies such as…
Blockchain technology, a distributed ledger technology that is unalterable, making it difficult for any form of manipulation and creates transparency during payments.
Smart contracts to facilitate the seamless and efficient execution of payments, automatically thereby eliminating the middlemen in the payment channels and in turn reduce the cost of transactions for users globally.
Machine learning and A.I (Artificial Intelligence), which analyzes user data and ensures that the users get the best.
This also helps to guarantee that every payment made through this system is fully secured and with the Blockchain, hackers stand no chance against the system, providing not just users transactions record, but the personal data recorded on the system.
By combining all these technologies with its hybrid digital asset system, the BDAM platform ensures that all the payment needs of the global users are met, giving them the liberty of making payments and other transactions with ease and at a reduced cost.
The BDAM platform has developed different tools which will help for the rapid adoption of cryptocurrencies, giving users the ability to efficiently use it to improve their systems and performance.
TOOLS PRESENTED BY THE BDAM PLATFORM
A HYBRID CRYPTOCURRENCY EXCHANGE
This is one of the tools that has been developed by BDAM and the exchange is designed with the good features of both centralized and decentralized exchanges, so as to meet the needs of every user.
A RELIABLE PAYMENT GATEWAY
Another unique tool of the BDAM platform is the BDAM PAY; a unique payment gateway that is designed to create freedom of transactions from and to anywhere in the world, making use of the smart contracts to ensure that the global users can affect cryptocurrency transactions at any point in time and that they have full access to their funds and assets.
It also supports other payment methods such as the debit card, for users who wish to make purchases of cryptocurrencies with fiat.
AN EFFICIENT USER SUPPORT SYSTEM
An effective customer care system has been put in place by the BDAM platform who are always ready to assist users, especially the new ones, to help them know their ways around the system and efficiently make payments without stress.
A ONE-STOP APPLICATION
This mobile application is designed to be user-friendly, with which users can gain full access into the BDAM platform and carry out cryptocurrency transactions from anywhere in the world.
To facilitate the operations on the BDAM platform, let's take a look at…
THE TOKEN
The native token of the BDAM platform is called the BDAM coin, an ERC-20 token that will fuel the operations of the system.
With this token, the users of the platform can pay different fees such as the transaction and withdrawal fees, exchange listing fees as well as BDAM pay subscription fee.
The BDAM coin will gets listed on the Contiger exchange on the 10th of July 2020, to let users easily exchange the token as represented on the pictographically presentation below.
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CONCLUSION
British Digital Asset Management (BDAM) is fully equipped to create borderless and trustless payments with the cryptocurrencies, by providing everything a user needs to efficiently use the system.
The benefits of cryptocurrency transactions will now be unlocked to the global and the massive adoption of cryptocurrencies is now in sight, through the emergence of BDAM platform.
USEFUL LINKS
Website: https://www.bdam.co/index.html
Whitepaper: http://bdamcoin.com/bdam-whitepaper_april_2020.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5259527.new#new
Telegram: https://t.me/bdamcoin
Twitter: https://twitter.com/bdamcoin
Facebook: https://www.facebook.com/pg/BDAM-101978234917586
AUTHOR’S DETAILS
Bitcointalk Username: Nancyo
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2759950;sa=summary