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Cryptocurrency trading is been limited by a lot of factors which has made it impossible for its full adoption to take place.
Take for instance, the difficulty a new user passes through just to acquire a digital asset, being that they have little or no knowledge on how it works and .
How can its global adoption take place with this issue?
Another instance that shows the limitations in the cryptocurrency industry is the presence of centralized exchanges flooding the crypto space, leading to other underlying issues such
as increased cost of transactions resulting from the presence of middle-men, a great level of insecurity, incapability of any improvement, all which has totally made this industry looks inefficient.
The issue of insecurity has become very
disturbing, especially on this centralized
exchanges, which stores users funds on its
system. They often get hacked by cyberpunks,
leaving in their wake, an unbearable amount
of loss for the users.
Currently, the cryptocurrency is not yet
accepted as a medium of payment across the
world, which makes it impossible for users to
purchase products with cryptocurrencies due to
the fact that there are no reliable systems that are well equipped to execute cryptocurrency transactions at a very high speed, in a short frame of time, so as to meet up with on-the-spot payments.
The above are just a little piece of what
users experience in the cryptocurrency industry and has with-held the global adoption of cryptocurrencies, leaving the potentials of
this digital assets, untapped.
BDAM SYSTEM - ENHANCING THE GLOBAL FINANCIAL SYSTEM
BDAM (British Digital Asset Management),
which was formerly called the Beyond Digital
Assets Marketplace is a revolutionary platform
created by the BDAM foundation to enhance a
the payment system and simplify the use of
cryptocurrencies in the different aspects of life, in carrying out transactions.
That's why it is directed at the creation of a
system where users can easily transact and
make all sorts of payments, with crypto and at
low fee of just 0.5% for a transaction.
It adopts its smart contract escrow which is
designed for the swift and automatic
processing of transactions, a very suitable
system which supports immediate payments, and reduces the risk of fraud during payment.
BDAM provides a Blockchain solution to the
frustrating problems of the cryptocurrency
industry through the creation of unique products to make the use of cryptocurrencies to be seamless and facilitate its adoption globally.
THE PRODUCTS OF THE BDAM PLATFORM
BDAMX
BDAMX is the exchange of the BDAM platform, which is programmed to be a hybrid and multi-layer system, bringing to the users, the benefits of both centralized and decentralized exchanges.
On BDAMX, users can effortlessly buy or sell their cryptocurrencies in a secured way, with almost no transaction charge because the BDAM platform has adopted the rapidly advancing Blockchain and smart contracts, to remove the middlemen and improve speed, security and reduce cost of transactions on the system.
Every trading activity on the BDAMX is performed on-chain and the exchange is packed with scalability, decentralization, immutability of transactions as well as security of operations.
BDAMPAY
BDAM PAY is another great product of the BDAM platform, a Blockchain-based virtual payment solution, which gives users the liberty to make unrestricted payments to any part of the, using fiat or crypto.
To ensure that it makes payment easier for users, the BDAM PAY was designed to support different bank cards such as visa, mastercard and union pay, so as to allow anyone to make purchases wether with crypto or with fiat.
It also facilitates cross-chain transfer of cryptocurrencies, where users can easily transfer their digital assets without the need of any intermediary service.
To make it easy for users to access, the BDAM Pay app has been developed by the platform, making it feasible for users to carry out any payment just with a snap of their fingers.
BDAM TOKEN
BDAM token is an important aspect of the BDAM platform that has been minted to facilitate the transactions on the system.
This ERC-20 token will be adopted both on the BDAM PAY and the BDAMX in making payments and trading on the exchange, as the native token of the BDAM platform. Users can pay the little fees on the exchange such as the exchange and trading fees, with this token.
Now to the good news, the BDAM token is already entering the cryptocurrency market, as it gets listed on Contiger exchange come the 10tg of July 2020, to show you that BDAM is not an imaginary system, rather it is fully functional, positioned to help users efficiently use cryptocurrencies in making payments and also remove the challenges of making instant payments seen in the current financial system.
By leveraging the Blockchain technology, BDAM platform assures trustless transactions to its users, making every single trade or payment to be transparent and more rewarding to users.
CONCLUSION
To the users in the cryptocurrency industry,
BDAM platform removes the barriers associated
with the purchase of cryptocurrencies, as well
as other cryptocurrency transactions.
BDAM platform is exactly what the world needs if we are to experience the global adoption of cryptocurrency and in turn boost the global financial system.