Previously, I published an article about London Block Exchange and how they are creating a better financial ecosystem for individuals, SMEs and institutions through compliance with regulatory bodies, partnerships with banks.
Today, I will be expatiating on the products they are offering and why London Block Exchange is more than just a regular cryptocurrency exchange. Stay Tuned!!
PRODUCT AND SERVICES LONDON BLOCK EXCHANGE IS OFFERING
LBX Peg:
London Block Exchange has created a digital pounds known as Lbxpeg. Lbxpeg is a crypto pound tied to the value of the pound sterling kept in an auditable UK bank at the rate of 1:1. Lbxpeg will make it easy for individuals and business to deposit pound sterling in their e-wallet. This will increase crypto use and adoption as individuals SMEs and institutions enjoy the good features of cryptocurrencies without worrying about its volatility.
LBX APP:
London Block Exchange app is available on play store and iOS for download. The purpose of the app is to give individuals convenience while using London block Exchange services.
LBX pay:
LBX pay is an e-wallet that allows users to deposit their funds and easily convert from crypto-fiat. This app is more than a crypto wallet as it can be to pay bills with 3rd party merchants and utility providers. Make withdrawal and payments with a prepaid card that automatically converts your crypto holdings to fiat. In other to use LBX pay, users must go through the KYC/AML process to verify their identity.
LBX Security Token Exchange:
London Block Exchange is also creating a multilateral trading platform for security tokens. Security tokens have to go through regulatory bodies and their registration process mimics the way Initial Public Offerings (IPO) are registered. This will enable companies to tokenize their traditional rights. This will invariably make illiquid traditional assets move Blockchain and enable easier and better crowdfunding process for big companies and SMEs.
WHY LONDON BLOCK EXCHANGE IS MORE THAN JUST A CRYPTO EXCHANGE
BANK-GRADE SECURITY
London Block Exchange is a complete ecosystem for financial services and thus are using top security service providers and measures to ensure the security of funds. Backspace is a bank-grade security solution providers for banks in the UK and some parts of Europe provides and secures Lomdom Block Exchange servers. DDOS attacks is a common kind of attack and Akamai which is also used by top companies like Adobe Systems, NASA and IBM provide DDOS protection services for London Block Exchange.
PROVIDING UNBIASED EDUCATIONAL CONTENT:
London Block Exchange goal is to move the financial ecosystem further and thus provide quality contents about cryptocurrencies and Blockchain technology for free. Through the College of Crypto even individuals with zero knowledge of cryptocurrencies can become informed by reading and following the contents posted there.
BANKING
London Block Exchange is providing traditional banking services as you can use the LBX pay to deposit money, transfer funds, pay for bills, and withdraw your fund in fiat. London Block Exchang e provides all services the traditional banking system does provide.
REGULATORY COMPLIANT
London Block Exchange is compliant with all regulatory bodies it operates in, this is why it can provide fiat services and other financial services just like your regular bank. To use London block Exchange users must go through the KYC/AML process to checkmate individuals that would want to use the platform for money laundering and other fraudulent financial activities.
**CONCLUSION: **
London Block Exchange is the first-of-its-kind crypto exchange. It is providing services that no crypto-exchanges and projects aren't providing. The London Block Exchange token sale is still on as you have an opportunity to get the lbx token at discount prices.
STAY CONNECTED WITH THE PROJECT
TWITTER: https://twitter.com/LBXSocial
Medium: https://medium.com/@LBXSocial
Website: https://lbx.com
PUBLISHED BY: OGHENEJIVWE PATRICK
Bitcointalk Username: Jivwe
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1718700
Telegram: @jivwe1
PUBLISHED BY: OGHENEJIVWE PATRICK
Bitcointalk Username: Jivwe
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1718700
Telegram: @jivwe1