Decentralized cryptocurrencies have been around since the launch of Bitcoin in 2009, the first widely-adopted decentralized cryptocurrency. The cryptocurrency market has grown to previously unimagined heights. The growth has been rapid and widespread, with a slew of new digital currencies, related startups, and exchanges entering the field each week. There are numerous reasons of the said demand in cryptocurrency. First, there are millions of globally who lack easy access to standard bank services as a result of infrastructure issues. Beyond that, cross-border payments are typically charged heavily, and a digital currency could help to alleviate transaction fees from a centralized exchanger. Furthermore, blockchain transactions are easily traceable, allowing immediate feedback and checks and balances that can be utilized across all types of transactions.
FILIP is committed to the development of a reliable transaction system under the blockchain technology of Ethereum. It utilizes a value of system protocol to achieve the transferring of payment on peer to peer basis, and to build a decentralized platform supporting the service economy applications that is highly flexible in terms of adaptation, convenience, reliability, security and allows the development of partnerships. Innovative technology, comprehensive governance structure, and board applications leverages FILIP over existing cryptocurrencies.
The foundation will provide transparency for payment management, financial management, development management, as well as business practices for partners, while upholding high standards of integrity, credibility, ethical business conduct, and strict adherence to applicable laws, rules, and regulations for the users and the investors. The conception of FILIP and the possibilities it will offer, have been strongly supported by the founding members, the development team, industry experts, early backers and investors, lawyers, and professional consultants.