all activities that can affect the company's financial position. For example because there is a cash sale of merchandise, the company's assets in the form of merchandise will turn into cash and the loss / profit from the sale will affect the amount of capital.
A good organization or company of the type of service, trade and industry in its business operations is always followed by financial activities, even though the company or organization is not the purpose of seeking profit or non profit oriented company / organization, so that it can be said that financial transactions are not only done by companies or organizations that seek profit / profit only, but also apply to non-profit companies, because indeed financial transactions are part of the activities of an organization or company, apart from other operational activities.
This time I will introduce you to a company that is on TGE (token generation event) or often called ICO. They call themselves PrePayWay. As an initial description they are engaged in international business services regarding international payment system services. We all know that being able to run an international business always experiences several problems such as manual payment systems using a lot of paper documents which are very vulnerable to transparency,
PrePayWay is here to provide an international payment solution that is able to solve the above problems by building a blockchain ecosystem. More details, let's discuss below. Before heading to a further discussion,
About PrepayWay
The idea for PrepayWay was born in Switzerland, where computer science, banking, international business, and legal professionals united to revolutionize business processes. Coming from a large number of professional backgrounds, our diverse, experienced team is dedicated to creating ecosystems that facilitate commercial transactions that are safe, fast, transparent, all while reducing transaction costs.
Our destination
Disintermediation
We aim to reduce the need for trustworthy intermediaries while increasing security, eliminating time and cost barriers.
Increased Transaction Speed
By accelerating our transactions we aim to increase the velocity of money, which will increase cash flow and capital investment.
Global Reach
Our goal is to become the standard for digital commercial transactions without limits on a global scale and across borders.
please see their introductory video below.
There are 6 things specifically offered by PrePayWay in response to the above problems. The following are 6 solutions:
Integrated Payment Path
Secure money transfer mechanisms and payment channels integrated into digital currency and fiat currencies with reliable and licensed escrow partner support.Smart Contract
Part of blockchain technology that will help in everything including minimizing fraud and the need for intermediaries and also reducing the various costs that arise when using traditional, all-manual methods.Safe Storage
A guarantee of broad security and transparency with a smart contract that is self-run.Smart Dispute Resolution
If a dispute or dispute occurs, PrePayWay has prepared SmartArb, an intelligent institution for international mediation and arbitration.Arrangement of Agreement
The interface is easy to use and learn to arrange the desired agreement with detailed explanations and recommendations in various languages.Agreement that applies
Legally binding and specific agreement agreements in a country developed by people who are experts in the field of law in accordance with national laws and regulations.
FOR MORE INFORMATION:
WEBSITE:https://prepayway.com/
WHITEPAPER:https://prepayway.com/PrepayWay_Blockchain_Ecosystem_Whitepaper_V1.1.pdf
TWITTER:https://twitter.com/PrepayWay
TELEGRAM:https://t.me/prepaywaychat
AUTHOR: KUSUMA253
BTT:https://bitcointalk.org/index.php?action=profile;u=2346695
ETH:0x5dd425EeDF3D2652fc0223eBD88F132C5324a964