By introducing blockchain technology to the Forex market, FXPay is able to address inefficiencies in the market that, until now, have not had a solution. By offering a digital currency to brokers and traders, FXPay provides a mediumt hrough which to effortlessly convert fiat currency into FXP tokens. Once it is securely logged on the blockchain, it can be converted into any of our Forex pairs.Traders can then use Forex credit to participatein the market. Once trading has ceased, trader scan trade Forex credit back into FXP or any other digital currency. Alternatively, traders can choose to keep Forex credit, which can either be used to continue trading at a later stage or withdrawn into fiat currency through the Forex trading platform, at minimal cost.
Finance is one out of the core revenue sources in every economy. At the moment, fiat exchange had taken new dimensions. At the moment, virtual trading is the benchmark. Countries don’t have to visit each other to perform trades. They use the virtual aspect and foreign exchange (FX) is the best way to do this.
There have been economic downturns in some nations. This came about because their input was bigger than what they gave out. Hence, when a country integrates more foreign currencies into their finance without bringing theirs to be at par, there is tendency of recession. Whether you are a stock broker or a private individual going about your business, you will definitely be affected by the FX market position.
For you trade in the FX market, you have to consult brokers to help you in trading. The current model of the market is not favorable because brokers require high fees for their services. The process usually spans into days for transaction confirmation.
FXPay is utilizing latest technologies to broker the divide in the sector. Fully backed by the chain technology, the platform will go the extra mile in bringing decentralized approach to the industry.
FXP – Decentralized Payment Gateway
FXP is the official token of the platform. It will be the primary source of transaction on FXPay. Coming down to its functionality, the token was hinged on the popular Ethereum block chain. Thus, it is an ERC20-compliant token.
FXPay will bring full-scale decentralization to the FX market. Aside this great milestone, the platform will also facilitate acceptance of cryptographic currencies. Perhaps its partnership with MasterCard and VISA will birth a new era for crypto to fiat conversions.
FOR MORE INFORMATION, PLEASE VISIT ANY OF THE BELOW LINKS:
Website: https://fxpay.io/
BTT ANN Thread: https://bitcointalk.org/index.php?topic=3851151
Bitcointalk: https://bitcointalk.org/index.php?topic=4808508.0
Whitepaper: https://fxpay.io/pdf/FXPAY_V.1.4.pdf
Facebook: https://www.facebook.com/fxpayglobal
Wire: https://t.me/fxpayglobal3
Twitter: https://twitter.com/fxpayglobal
Medium: https://medium.com/@fxpay
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