MPCX a Platform That Will Revolutionize Cryptocurrency Market by 2020.
In recent times the cryptocurrency market has seen tremendous growth. Several new players keep joining the market. Notwithstanding the huge market that the cryptocurrency has evolved into, there are many challenges players in the industry face. One of the challenges include unavailability of transparent and high quality digital wealth management service provider. The market which is estimated to be around $400 billion dollars lacks a dignified financial institution with credibility to manage the sector. The main factor that has given rise to this challenge is that, the traditional multinational financial institutions have refused to incorporate cryptocurrency into their operations.
Another challenge facing the sector is limited use of cryptocurrencies. Unlike traditional currencies which is legal tender for the payment of any amount in the jurisdiction where the currency is used, same cannot be said about bitcoin, ethereum and the other cryptocurrencies.
Lack of knowledge and experience in investing in cryptocurrencies coupled with slow innovation and digitization of the traditional financial institutions is also another challenge facing the cryptocurrency market.
It is against this background that MPCX has been established with the goal of curbing these challenges in the cryptocurrency market.
MPCX is a digital blockchain financial service platform with the aim of aggregating all services in the cryptocurrency market.
In the interim, it is expected that MPCX will create a blockchain driven but well decentralized platform that will manage all cryptocurrency investments and assets.
It is envisaged that MPCX will be developed in three stages which will span from January 2017 to July 2020. Currently MPCX is at the first stage where they are dealing in digital wealth management. The beginning of 2019 will see MPCX developed to a stage where they will offer the key platform for cryptocurrency exchanges to take place. By July 2020 when the development of MPCX is completed it will assume the position of a digital bank and dignified regulated wealth management platform.
MPCX as a digital bank in the cryptocurrency market will offer the following services.
First and foremost is the enabling of digital currency exchanges for the the top 100 cryptocurrencies. For instance, the platform will make it easy to exchange your bitcoin for litecoin and vice versa.
Also, MPCX will make cryptocurrency payments and banking services available. This is a long awaited service and up till now remains a major challenge for players in the cryptocurrency market.
As a digital wealth management platform and bank, MPCX will provide professional advisory services for investors and potential investors in the cryptocurrency currency market. MPCX has developed a digital smart investment mandate (DSIM) using computer smart contracts. This an artificial intelligence technology capable of identifying trends in the market and providing tailored solutions for client because of its capability to incorporate client's goal and risk tolerance in providing automated advisory services which will be accessible 24/7. The DSIM technology is flexible and user friendly that clients can make manual inputs to get the best advisory service under any given circumstance in the market.
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