PDX Coin stated today that it is developing a new global digital crypto-to-fiat banking application for the crypto economy that will offer broad retail crypto-to-fiat payment capabilities.
High-speed, bank-friendly payment networks offer a contemporary alternative to the 70-year-old conventional bank payment systems that have hit retailers with excessive fees, long floating periods and fraud risk.
PDX Coin is now conducting the first pre-sale of its native currency tokens via cryptocurrency exchange P2PB2B.io. Between the first and the fourteenth of December in 2021, the exchange will conduct its first-ever token sale.
As all major digital currencies will be instantly available for withdrawals and spending in the new PDX Coin payment processing architecture and application, it will be easier for the crypto economy to open up to global institutions, merchants and other ecosystem partners.
Easy-to-use software will enable daily purchases using all major cryptocurrencies. PDX is targeting at least 250 million downloads worldwide by the end of this decade as the widespread use of crypto continues to grow.
“We're not people in our 20s wearing coded hoodies in the back room. We are a group of highly experienced finance professionals determined to develop a well-financed crypto-to-fiat payments and digital banking network where digital tokens are also partially backed by actual assets,” said Shane Rodgers, CEO, PDX Coin and his Singaporean company. . parent based, PDX Global Pte. Ltd.
“It is time to finally use cryptocurrencies and blockchain to disrupt the old global banking system and offer entirely new global banking capabilities that are fully inclusive and available to everyone.”
Further, "we think that the US government in particular will offer a regulatory architecture for 'wild west' regulatory control and sustainable development to platforms like ours to handle smooth, frictionless, secure, low-cost transactions," said Rodgers.
For retail consumers, PDX will offer the best crypto and blockchain based wallet to invest, store, spend, earn, lend, borrow and get paid in crypto assets. Unlike PDX, most other crypto-based payment initiatives are built on traditional financial infrastructure such as crypto wallets.
While the current system extorts retailers for high fees from certain banks and other intermediaries, PDX Coin is a near-instant peer-to-peer (P2P) network with no fees for intermediaries. Traders will also benefit from providing fast money transfers in their preferred fiat currency, with no floating time.
With full-service digital banking capabilities and cutting-edge trading and storage technologies, PDX will also offer a one-stop shop for hedge funds, money managers, companies and individuals to access the crypto market.
The $700+ billion global expatriate remittance sector could potentially be disrupted by payment apps. According to World Bank figures, since 2009, global cross-border payments have jumped by more than 60 percent
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