In 2017, the report from GFD (Global Findex Database) showed that about 1.7 billion adult of the world’s population has no access to financial service and the rapidly emerging financial technologies. Source
The vision behind Quoine is to have a world where everyone has access to financial innovations and services. A world where not just a privileged few, but all humans have the right to premium financial services.
The means to achieve this is the use of cryptocurrencies (digital financial tool of exchange). Cryptocurrencies will be used by Quoine to create a world-class financial service that knows no boundaries. Quoine will also use several products and services to bring about this mind-blowing innovation. They already have a couple of tools that they created to enhance the fulfilment of their vision and for the achievement of their primary objectives. The QASH token and the Liquid Exchange platform together will be major instruments in pioneering that change the founders of Quoine envisaged.
The success of Quoine would take the use of cryptocurrencies (as a preferred means of exchange) mainstream. Individuals from all over the world will through the products and services of Quoine have unlimited access to financial services. Financial services provided by Quoine will include access to loan facilities and availability of a vast amount of liquidity.
With Quoine, we can rest assured that the future of finance will be fully democratized, less politicized and evenly distributed using a blockchain based infrastructure – the Liquid Exchange Platform.
Quoine’s Liquid exchange is a world-class trading platform that on its own is powerful enough to deliver a really high-quality trading experience to traders. However, Liquid becomes even more powerful when enhanced with other services provided by Quoine such as the Prime Brokerage. These two joined together will give an individual or institution unlimited access to market opportunities present in the cryptocurrency world. The Liquid platform’s world book relies on the Quoine’s Matching Engine; the Matching Engine that was initially used by QuoinEx and QRYPTOS which are also products of the company, Quoine Ltd. Liquid also leverages on other already existing services of Quoine such as; Smart Order Routing (which helps reduce latency while trading), Cross Currency Conversion Engines and many other digital financial innovation in an attempt to deliver their promises on the product.
The Liquid platform will with no doubt, become an ultimate tool in the hands of traders in the sense that it has a multi-market order book that leverages on every kind of liquidity sources you can think of; ensuring that the order book is highly liquid, irrespective of the currency a trader chooses to use.
The Prime Brokerage also offers a couple of services combined with what the Liquid platform offers to traders on default; all in the quest to make the Liquid platform everything that it was intended to be. The services provided by the Prime Brokerage are; Fiat Management, Credit Facilities (for both cryptos and fiat) and Real-Time Reporting tools. In addition to this, Quoine also did something really interesting to enhance their service delivery procedure and that is the co-location of their banks with the same banks that are used by other major exchanges; the purpose for this is to reduce the time spend in the process of making huge transfers for the liquidity reasons.
Other services provided by Quoine on the Liquid platform are; the Automated Trading Strategies, Crowd-Sourced Al-driven Algorithm and highly sophisticated trading tools. All of these are already put in place to ensure that the Liquid platform by Quoine is truly unique and has a lot of competitive advantages compared to other similar product.
The Quoine ecosystem will be self-sustaining and not just that, it will also be capable of aiding other products in the same space as far as liquidity-related issues are concerned. Having a system that is supported by top banks in the world will also ensure that the unbanked individuals can leverage on this and use Quoine just the same way they would use the traditional banking systems.
This innovation doesn’t just aim at solving the financial/liquidity challenge that is being faced in the cryptocurrency world, it will in the ultimate sense, provide seamless financial services to everyone in the world, irrespective of where they live. This model knows no boundaries at all and will bring all promised through the working together of a team of highly competent individuals.
I believe that Quoine Ltd. is going to reshape the way most of us used to see finance and banking as they use a different model that is globally applicable to bring about a superior banking experience. Thank you for reading, this is Bait and I’m bringing you words from the Offline Minnow School.