A review on TraXion
According to World bank, half of the adults around the world-around 2.5 billion people- don’t use formal financial services, and 75% of poor people are unbanked because of costs, travel distances and burdensome requirements involved in opening a financial account. The effect of this has had tremendous impact on shared prosperity and poverty. As such, financial inclusion has been identified as a key enabler by the World bank to reduce poverty and boost shared prosperity globally. In helping to address these problems and promote financial inclusion, TraXion makes light of the situation with the most feasible and sustainable solution.
What is Traxion?
TraXion is a smart contract-enabled blockchain platform powered by Pluma Technologies Ltd, and designed to make financial services accessible at affordable costs to all individuals and businesses across the globe.
How?
TraXion intends to promote financial inclusion by presenting a secure and simple way that both the banked and unbanked can use payments and banking architectures to their advantage and convenience. The secure and simple way that TraXion present is its smart contract-enabled Hyperledger Fabric blockchain technology platform. This is expected to create frictionless banking on a transparent and shared ledger. Hence, allowing full access to useful and affordable financial transactions such payments, savings, lending, crediting, investments, and remittances on the TraXion platform in a responsible and sustainable way.
Financial inclusion is the pursuit of making financial services accessible at affordable costs to all individuals and businesses in a responsible and sustainable way. TraXion intends to promote financial inclusion by leveraging Smart Contract Enabled Hyperledger Fabric Blockchain Technology to create a platform/an ecosystem that allows all individuals and businesses across the globe to enjoy full access to affordable financial product and services.
The platform is basically made up of TraXion team of elites, financial institutions, and individuals both banked and unbanked. It’s also composes of some unique feature namely: TraXion Payment Platform, TraXion Wallet, and TraXion Fundraising Platform.
TraXion Payment Platform, also known as TraXionPay, is one of the latest payment integrator in the Philippines with an easy onboarding process for consumers and merchants and a more seamless payment experience for consumers (both credit card and non-credit card holders). It is basically intended to simplify the way funds are exchanged around the world, and to reduce settlement time from days to seconds.
Traxion Payment Platform solves the issue of speed, security and transparency associated with sending and receiving payments
The TraXion wallet on the other hand, represents TraXion first step toward broader financial inclusion. This is because TraXion Wallet, serves as a transaction account, which allows people to store money, and send and receive payments. Aside these, the wallet also enables remittances, peer-to-peer lending and donation on Traxion Platform.
For organization who desire to move their financial asset at a zero cost through tokenization of their local currencies, Traxion will provide you with a White-label wallet to make that possible.
TraXion Fundraising Platform, also known as GaveGives is an end-to-end fundraising platform powered by Gava Technologies Inc. it is intended to empower nonprofit organization to seamlessly improve and manage their donors and donations.
"Apparently, TraXion Fundraising Platform has over 120 NGO partners and has helped raise over a million USD in 12 months"
"Both TraXion Fundraising Platform and TraXion Payment Platform offers more than 20 payment options and user-friendly management dashboard with analytics".
All these platforms on TraXion are expected to be connected to TraXion’s TraXionChain soon. However, there are currently connecting individuals and organizations to effectively transact payments, perform peer-to-peer lending and remittance, conduct investment processes more securely using smart contracts at very affordable cost.
TraXionChain is a phenomenal feature on TraXion Platform that creates customized business solutions on the TraXion smart contract- enabled Hyperledger Fabric blockchain technology for conglomerates requiring interoperability, data integrity and asset tracking within their supply chain.
In order to expand its existing services across the globe and provide more advanced solutions to existing payment gateways, remittance centers, and fundraising platforms, TraXion is currently issuing a digital, virtual token/currency called TraXion Tokens (TXN) that will be used on its platform as an initial coin offering to all interested contributors/investors in exchange for their contribution/investment/funds needed to develop TraXionplatform, and to grow the business to the desire value TraXion promises for its users and clients.
TraXion Tokens (TXN) is an Ethereum based token operated by a smart contract and can be liquidated on various exchanges after ICO
In the mist of these, TraXion warmly invites all potential investors to come participate and contribute significantly in support of its project into success. TraXion Presale is currently ongoing and it is expected to end on July 30, 2018. However, TraXion Crowd Sale is expected to commence on August 1, 2018 and set to end on August 31, 2018. For more details about TraXion ICO and associated bonus and potential returns please visit TraXion official website
As you do so, please be informed that TraXion entreats supporters/investors/contributors to try TraXion’s services before participating in its ICO.
Find below links to relevant Traxion official pages.
TraXion Website
TraXion Whitepaper
TraXion Facebook
TraXion Twitter
TraXion Reddit
Reference
TraXion Website
TraXion Whitepaper
Image credit: Traxion Website and Whitepaper.
Authors Bitcointalk Name: sugarpie2018
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