Bixtrim is a platform leveraged on blockchain technology to improve accessibility to highly advanced cryptocurrency financial services. The aim of the platform is to increase the mainstream adoption of cryptocurrencies by improving its usability tendencies.
CURRENTLY EXISTING PROBLEMS AND BIXTRIM SOLUTIONS
One of the challenges experienced by cryptocurrencies investors is the inability to exchange their crypto assets into acceptable fiat currencies instantly. The few platforms that support this takes a long time to process transactions. To this end, bixtrim has established a relationship with one of the leading microfinance banks in Georgia, the banks will enable cryptocurrency holders cash out their assets in exchange for fiat on the bixtrim microfinance cash desks within a relatively short period of time.
Most cryptocurrency investors who have the intention of holding their tokens until it gets a high value tend to sell off whenever they need cash uurgently to meet a financial need, thus losing their intended future profit when they do so. However, with the advent of bixtrim, investors no longer have to sell off their assets when they need money. Bixtrim solutions will invent a crypto pawnshop that allows cryptocurrency coins owner to pawn for a certain period of time. The crypto asset would be used as a security to obtain a loan pending the period the funds will be paid back after which they get to retrieve their coins after meeting their financial commitments.
Another challenge experienced by cryptocurrency investors is issue of scalability. Majority of currently existing cryptos have a slow transaction processing duration. Bitcoin for example can process only 7 transactions per second (tps), thus leading to network congestion which further slows the duration of transaction processing. Bixtrim will proffer solutions to this by introducing a cryptocurrency (Bixtrim coin) that has the ability of processing a minimum of 100,000 transactions per second. This will encourage massive mainstream adoption of cryptocurrency as a global means of exchange
As against the single factor private key being used by most exchamhe platforms, Bixtrim offers a multi-factor authentication that confers adequate safety and security on funds within the platform, thus protecting them against hasks and cyber thefts
Another major limitation of cryptocurrency is the inability to incorporate them into credit and debit cards, thus limiting it as a means of payment for goods and services. Bixtrim will provide a revolutionary, plastic payment card for users. The card links the bixtrim coin and other cryptocurrencies after which it can be used same way debit cards are used for making payment for purchases on ATMs and POS terminals. Embedded cryptocurrency funds will be converted to fiat based on the real time exchanges rate as at the period of transaction. Also with the use of the bixtrim payment card, holders can evade unnecessary tax payment on income.
Bixtrim will develop a user-friendly exchange platform in which cryptocurrencies can be traded for other crypto and fiat currencies (USD, EUR).
TOKENS
The tokens that fuel the economy of the bixtrim ecosystem are known as bixtrim coins (BXM). Unlike other cryptocurrencies, they are built in such a way that they are stable and not volatile. They will serve as a means for making payment for transactions performed within the ecosystem. Its possession allows for pawning of crypto assets for the purpose of obtaining a loan and used to pay for the bixtrim card. Transactons done on the bixtrim exchange will attract decreased commission for BXM holders
For more information, kindly visit:
Website: https://www.bixtrim.com/en/
Whitepaper: https://www.bixtrim.com/assets/pdf/whitepaper-en.pdf
Twitter: https://twitter.com/bixtrim_llc
Telegram: https://t.me/bixtrim_ico
Facebook: https://www.facebook.com/bixtrim/
Writer: Crypto4ruby
Writer’s bitcointalk account: https://bitcointalk.org/index.php?action=profile;u=1788350