BridgeX Network - compatibility of cryptocurrency and fiat money.
Everyone knows that cryptocurrency present a new perspective trend in the world. There are a number of positive features of cryptocurrency in front of fiat money. They are: anonymity, open code, decentralization, the absence of intermediaries and a number of other advantages. Due to it, many of us have become happy owners of e-currency. Moreover, the number of such lucky people is growing very fast. However, at the same time, the cryptocurrency is unrecognized in the financial world, so all holders of electronic currencies still need Fiat money to meet their daily needs.
In many countries, cryptocurrency owners have problems with banking services. Despite the fact that the blockchain technology can provide many tools in the provision of financial services by banks, the needs of people remain ignored.
In my opinion, a special BridgeX Network platform will help us to solve a number of problems in this difficult question.
Therefore, the BridgeX Network is an ecosystem that began to operate in 2018. The main functionality is to provide solutions in the lending sphere and currency exchange .In addition, it helps to solve many other important problems between cryptocurrency and fiat money. With this platform, clients can credit and use cryptocurrency as deposit, since it is eligible (legal).
The main advantage of the BridgeX Network is the conversion of fiat money into cryptocurrency and vice versa. As well as the minimum transaction fees and the complete absence of the interest rate, which is an integral part in the banking system.
Let us examine in more detail, which privileges lenders and borrowers receive from this platform:
For lenders:
- personal portfolio diversification;
- providing a fixed income in cryptocurrency;
- hedging and reducing market instability.
For borrowers:
- secure lending system and easy loan process;
- convert cryptovaluta to more than 30 most popular fiat currencies;
- sending fiat funds from more than 180 countries of the world through the SWIFT system.
The BridgeX Network will consist of three components, the Core, Platform and third-party integrators.
The electronic currency of the BridgeX Network platform will be the BXN token, which will be distributed in such a way:
- 30% - sale;
- 35% - reserve fund;
- 15% partners;
- 20% team.
The project team:
In my opinion, this is a very interesting project with good potential. The team is running in the right direction. I am sure that with the right approach, this platform will be popular, because it provides a comprehensive solution to many problems and combines in itself cryptocurrency and fiat money.
More information below:
Website: https://bridgex.network/
Whitepaper: https://bridgex.network/180827%20BridgeX%20Network%20Whitepaper.pdf
Bitcointalk thread: https://bitcointalk.org/index.php?topic=5024373.0
Telegram: https://t.me/bridgexnetwork
AUTHOR:
My Вitcointalk Username: Stttai
My Вitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1936716
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Definitely a promising project.
Competition in my opinion The team did everything for the success of this project.
You definitely noticed that even with a large availability of cryptocurrency, people still need a fiat currency, I think that this platform will help solve this issue and the framework created by banks will be destroyed.