Individuals and even companies and larger brands have a need to send money to their relatives and business counterparts, respectively. The growth of the cross-border industry relies on the improved technologies of notable cross-border payment processors like PayPal and SWIFT. Sadly, the expected outcome hasn’t been the case, because these companies have not been able to provide the needed tools for swift and low-cost remittance of funds across the borders.
Blockchain, on the other hand, can trigger the exponential growth of the global cross-border industry at the speed of light. Worthy of note is that the distributed ledger formulations and the varieties of built-in tools are geared to make that a success. Interestingly, a blockchain startup called Dexa Coin is here to enact series of functionalities that are designed to bolster the booming of the global cross-border payment industry.
IT’S ALL IN A MOBILE APPLICATION
Many blockchain enthusiasts have been optimistic about the growth of the network. The enthusiasm got better with the varieties of platform like Dexa Coin that have taken root on blockchain technology. However, Dexa Coin opted to do things a bit differently. Instead of the conventional chain of infrastructures that are of blockchain platforms, it chose to make use of a dedicated mobile application.
Now, the Dexa Coin application is designed to run via the blockchain technology. This helps to eliminate the need for intermediaries that may want to hijack the entire framework. More so, it is billed to function in line with the dictates of the smartphone, which means that smartphone users can download the Dexa Coin application and use the same to facilitate international transactions.
STEPS TO USING DEXA COIN
Although smartphones are now the order of the day, with over 60% of the global population making use of one, it is still challenging to note that some people cannot use one. That informs the reason behind the user-friendly interface and the instruction manual offered by Dexa Coin that empowers the users to understand the operations of a smartphone.
Once that has been completed, Dexa Coin users would then proceed to link the Dexa Coin mobile application to their banking accounts. Already, the company behind the project has made it possible for its users to go through this process without hassles. Linking the Dexa Coin application to their bank accounts also demands tying the application to their payment cards, such as MasterCard or VISA. Worthy of note is that security is optimum in Dexa Coin. Therefore, the users would have to pass the Know Your Customer (KYC) requirements before they gain access to use the application.
After that, the users can then add money or funds to their Dexa Coin account using either the funds that are available in their user account balance or by transferring the DEXA Tokens (the native currency of the project) to their DEXA Wallet.
Afterwards, the users can then follow the instructions on the app to add and send funds to their friends, families, and business counterparts across the borders.
Final Thoughts
International money transfer or cross-border remittance just got better with the launch of the Dexa Coin application. With over 2 billion smartphone users in the world, and about 40% of the population having a banking account and having a need for international money remittance/transfer, it is tenable that the decentralized cross-border remittance via Dexa Coin would be ideal for the further growth of the global international payment industry.
USEFUL LINKS
Website: https://dexacoin.net/
Telegram Group: https://t.me/dexacoin
Twitter: https://twitter.com/DEXA_COIN
Facebook: https://www.facebook.com/DEXACOIN.DEXA/
Youtube: https://www.youtube.com/channel/UCJClcJHPCKkn-lJzJz25NhA
Whitepaper: https://dexacoin.net/wp-content/uploads/2019/09/DEXA-COIN-WHITEPAPER-ENGLISH-UPDATED-26H-SEP-2019.pdf
AUTHORS DETAILS
Bitcointalk username- Corer
Bitcointalk profile link- https://bitcointalk.org/index.php?action=profile;u=2373697