TraXion aims to be a better bank in a blockchain-driven environment, enabling its community to load, send, save, spend, lend, borrow, and more using a secure, simplified yet compliant application. It is an environment where for-profit meets non-profit sectors and develops a synergy towards corruption-free social impact activities.
TraXion has launched several products and services to prepare itself for this exciting event of involving the crowd in its mission. TraXion plans to have significant infrastructure in place prior to the initial coin offering (ICO). To date, TraXion has built four (4) of the six elements in the proposed economies of scale:
Payment Platform, Wallet, Personal Finance Platform and Fundraising Platform. These four platforms will soon be on TraxionChain — connecting people to effectively transact payments, lower the cost of peer-to-peer lending and remittance, transparently account for philanthropic activities of non-profit organizations and enable insurance and investments processed more efficiently using smart contracts.
TraXion is building a crypto-economy to last, therefore, the focus will be on the scale, elimination of middlemen, and decentralizing legacy systems. To achieve these goals, TraXion will offer white-label platforms across the globe and connect them in a distributed, permissioned and secured blockchain. It will be used by banks, operators and agencies in key jurisdictions to process in different fiat currencies and facilitate crossborder transactions without the need for counterparties while also enabling all players donate to causes this blockchain trusts.
Platform Features
Today, making international payments in developing countries can be costly, laborious and error-prone,
Today, making international payments in developing countries can be costly, laborious and error-prone,
with transactions in different currencies often requiring multiple intermediaries and taking days or weeks to complete. TraXion payments system is intended to simplify the way funds are exchanged around the world, and to reduce settlement time from days to seconds. Each payment is immutable once recorded, and settlement instructions are provided via smart contracts on Hyperledger Fabric.
The elimination of intermediaries and counterparties will naturally make any financial transaction gets
through the network faster and cheaper.
● Borderless
● Cheaper
● Faster
● Agentless
● Global
● Scalable
● Auditable
● Smarter
TraXionPay model plays a big role in securing more market in the retail sector as TraXion is rolled out.
TraXion will use Hyperledger Fabric technology to enable high volume payment processing. The same technology major card processors are already building today
HyperTraXion Wallet
(1) Analytics: TraXion wants every HyperTraXion wallet user get smarter with his own data.
(2) Rewards System: Imagine receiving cryptocurrencies as reward for using HyperTraXion wallet to pay, remit or donate. Currently, points system is already embedded and is accounted for. Switching to blockchain will only improve the whole process and speed up posting of such rewards.
(3) Management Dashboard: Whether user is an organization or a merchant, TraXion provides a very useful payment/donation/remittance management dashboard for management of data, users and transactions.
(3) Management Dashboard: Whether user is an organization or a merchant, TraXion provides a very useful payment/donation/remittance management dashboard for management of data, users and transactions.
(4) Smart Contracts: Using smart contracts, receiving party/parties such as NGOs or even Local Government Units agree to fulfill several conditions and/or deliverables they ought to fulfill.
Follow Traxion Tech On :
Github : https://github.com/traxioncoin
Telegram : https://t.me/TraXionICO
Medium : https://medium.com/traxion-tech
Facebook ; https://www.facebook.com/traxion.tech/
Twitter : https://twitter.com/traxiontoken
Reddit : https://www.reddit.com/r/TraXion/
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