Cryptocurrency is gaining momentum as a secure and efficient means of payment. Cryptocurrency involves the peer to peer transfer of digital currencies through encryption, independent of centralized banking system and entirely based on blockchain technology.
For those unaware, Blockchain plays the role of being a fast and immutable record ledger that accurately verifies cryptocurrency transactions through distributed network of computers.
With blockchain as the forefront , money be sent in tokenized form in fast transactions globally and incurs low cost fees coupled with transparency, efficiency, completely reliable and secure. Another impressive feature of cryptocurrencies is privacy and anonymity.
Since the inception of internet, privacy has been the main concern for people. However, performing transactions through centralized banks or payments system do not provide such privileges to users. Accepting cryptocurrency as a form of payments guarantees concerned user complete anonymity and privacy in all their transactions.
Regardless of the benefits that comes with cryptocurrencies, they are also some inherent pitfalls. Cryptocurrency is not issued by a central authority thus their value solely depends on movement of supply and demand which results in volatility. Nonetheless, stablecoins were introduced to address this problems.
Stablecoins are different from volatile cryptocurrencies because they are designed to mimic the value of commercial assets or fiat currencies like dollar and Euro. Thus, anyone can instantly transfer value worldwide while experiencing price stability.
Despite the shortcomings of cryptocurrency, both forms of digital assets (cryptocurrency and stablecoins) have been acknowledged to be an excellent medium of modern exchange from a technological standpoint because it is completely available to anyone with access to internet unlike traditional exchange systems.
With each passing day, several start-ups like Corion Foundation are adopting this technological solution and creating new means of globally giving out education about endless benefits associated with cryptocurrency and stablecoins.
CORION FOUNDATION
The company is official registered in Switzerland in year 2016 and entirely complies with legal requirements to enable entrepreneurs, investors etc use and adopt cryptocurrencies and stablecoins for financial activities without third party interferences.
The project was introduced by talented persons with sole aim of being a dynamic medium to foster expansion and adoption of cryptocurrencies and stablecoins worldwide.
Corion Foundation initiative will encourage people to engage in the digital currencies payment trend which presents benefits of fee reduction, instant transactions and security of personal data. Furthermore, Corion Foundation implements more services in offering support to projects and companies that provide stablecoin related services.
Corion Foundation have issued their native currency named CorionX which operates as a utility token and represents main payment option for any services or tools available in the Corion Foundation ecosystem. CorionX complies to ERC20 standard and it's existence help Corion Foundation achieve their goal of building a community for education, development and promotion of different stablecoins as ideal payment vehicle.
Through CorionX and Corion Foundation ecosystem, some impressive privileges will made available to users, these includes;
Staking Program: Participating in Corion Foundation ecosystem enables holders of CorionX token to receive passive income via staking within the framework.
Donation Activities : At their best interest, users can practice their philanthropic activity by sending CorionX tokens to help charities and support CorionX community development.
Loan Collateral : In conventional banking system, the process of acquiring loans is tedious and complex. However, Corion Foundation makes obtaining cryptocurrency loan easy for members by enabling them to use CorionX as collateral.
Rewards for Members And Merchants : To effectively promote cryptocurrency and stablecoins use across the world, Corion Foundation and it's partners has built CorionX token to be an ideal incentive currency. Thus, merchants and users who shift from traditional fiat money to cryptocurrencies and stablecoins are assured of rewards in cash backs and valuable CorionX token.
In conclusion, not many people are asking for stablecoins or cryptocurrencies however, Corion Foundation and issued CorionX token coupled with other attractive services will serve as the medium to help motivate large number of persons to understand and utilize stablecoins and cryptocurrencies for payments which eliminates problems in worldwide commerce chain.
TEAM
For more details About Corion Foundation,
Website: https://corion.io/corionx/
Whitepaper: https://corion.io/corionx-whitepaper-en/#
Medium: https://medium.com/@Corion
Telegram CorionX: https://t.me/corionx
Twitter: https://twitter.com/CorionPlatform
Facebook: https://www.facebook.com/CorionFoundation
LinkedIn: https://www.linkedin.com/company/corionplatform
Instagram: https://www.instagram.com/corionplatform/
Youtube: https://www.youtube.com/channel/UCD9royvfm_-02vV9eHvZk8A
WRITER DETAILS,
BTT Username : Johnson Knight
BTT Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary
Proof of Authentication Link : https://bitcointalk.org/index.php?topic=5262143.msg54932341#msg54932341
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