Vincent Stevens Posted July 3, 2019 Share Posted July 3, 2019 Perhaps one of the most underestimated revenue markets in the world is the remittance industry, which is worth billions of dollars every year. Money remittance has seen exponential growth over the last ten years. With changing times and technologies, you might expect remittance fees charged by money transfers operators and other institutions to have lowered. However, remittance fees remains high. Dexa Coin, an application using blockchain technology, wants to transform this space. What is Dexa Coin? Dexa Coin : A revolutionary APP that will simplify the way we send and receive money around the globe while allowing people to communicate through an inbuilt instant messaging feature. The main goal of Dexa Coin is to make the process of sending and receiving money faster more secure and with easy accessibility to anyone who can operate a smartphone device. This is done by harnessing the power of blockchain technology which will aid in facilitating money exchange like never before . By eliminating the middleman , we will simplify the process of sending and receiving money . We offer easy-to-follow directions that will allow anyone with a basic understanding of a smartphone to transfer money with low fees and no complications. How does it work? The traditional network database that operates on client-server dynamic is no longer efficient with the current wave of influx in the money transfer business. Decentralized control will become one of the key components of money transfers, ultimately removing the risks that come with centralized control which include accessibility of the content. Dexa Coin eliminates the middlemen and all other issues that come with the conventional methods of remittance and money transfer. Here there are only two players in the transaction, and offers complete transparency and with just a few touches on the screen, one could virtually make easy money transfers to friends & families alike. It requires a far less cost, takes less time and it does not require physicality to send the money. In addition to that, people will receive notifications on all the transactions being made through their APP. With blockchain as its core technology, it makes money transfer possible at any given time almost instantly and allows it to be Operational 24/7, 365 Days a year. At a later stage into the project, Dexa Coin plans to grow its global reach to new markets, such as implementing prepaid cards which could be beneficial to those who don't have a bank account. Features of Dexa Coin: • SEND AND RECEIVE MONEY ACROSS THE GLOBE Our simple user interface will ensures that our system is easy to use. Anyone with a smartphone and an internet connection will be able to make international money transfers using Dexa Coin. • INSTANT PAYMENTS Going out for dinner? Putting fuel in the car? Picking up coffee for your team? Dexa Coin can be used anywhere that accepts contactless payments. Our NFC and QR Code payment technology will offer complete versatility for making transactions in many countries at any time. • LINK THE APP TO YOUR BANK ACCOUNT We will offer seamless integration with most bank accounts . Linking the APP to your bank account will allow the user to connect the APP to their payment card. Example (Visa or Mastercard) • INSTANT MESSAGING FEATURE This feature gives Dexa Coin a unique, competitive edge. Instant messaging is a social feature which allows the user to communicate with people they are sending money to or receiving money from. The user will receive and deliver updates regarding their transfers. • SECURITY We recognize that online security is a priority for our users and we are committed to ensuring that our platform will offer complete protection. Blockchain technology ensures security is robust and will be supported with a range of measures to ensure the safety and security of every user’s digital wallet. • PRIVACY Apart from the extensive security features in the app, privacy protection is also an utmost priority. The instant messaging feature will have end-to-end encryption, which limits the access of any third party and ensures the messages remain private between both users . The app will further be equipped with an attribute which detects and counters any unauthorized access in payment transactions. Prepaid Cards: Prepaid cards is a convenient alternative to people who don't have a bank account. Rolling out prepaid cards is something we want to apply for and begin at a later stage in the project. You will be able to use the cards in many cities around the world for shopping, payments and withdrawals. Conclusion: With ever-growing job opportunities in developed countries, more people are opting to travel to these places for better career opportunities. This has lead to a rapid increase in the volume of remittance transfers. However, traditional money transfer methods have failed to catch up with modern needs. They are slow, unsafe and expensive. Competitors in this space use traditional processes and customer feedback is consistently poor. Well-documented problems include slow transaction speeds, expensive charges, incorrect IBAN numbers, poor conversion rates, fee errors and hidden charges. Dexa Coin uses blockchain technology to provide a safe, fast, and cheaper solution to these problems. The app eliminates the middleman and all other issues that come with conventional methods of remittance and money transfer. Instead, there are only two players in the transaction, allowing for complete transparency. Dexa Coin provides an instant messaging feature, offering a level of communication not available on competitor platforms. With blockchain as its core technology it, allows money transfers to be carried out instantly at any given time allowing it to be operational 24/7, 365 days a year. There are many developers and blockchain projects out there that are mainly focused on cryptocurrency adoption. However what we are doing is creating a platform that will allow our users to make easy money transfers around the globe using our APP. Dexa Coin will revolutionize the future of money transfers by bringing blockchain to the masses. DEXA COIN will soon announce their first Private Sale. Participants will be able to take advantage of exclusive rates during this period and with a chance to avail 50% Token Bonus. To participate in the upcoming Private Sale, please visit www.dexacoin.net for more information. Private/Institutional investors and strategic partners are welcomed. Email: [email protected] Website: https://dexacoin.net/ Telegram Group: https://t.me/dexacoin Whitepaper: https://dexacoin.net/#whitepaper Facebook: https://www.facebook.com/DEXACOIN.DEXA/ Twitter: https://twitter.com/DEXA_COIN Youtube: https://www.youtube.com/channel/UCJClcJHPCKkn-lJzJz25NhA Link to comment Share on other sites More sharing options...
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