A wonderful morning to you all steemians, I trust you all had a great night, the project I bring to you today is that which will cause a positive revolution to the global payment ecosystem; AIGO platform.
The world of blockchain is just so wonderful in the sense that there is no global sector that it does not fit it, in fact, there is no sector that doesn't need the integration with this technology and as such, several efforts are being made by great projects to make this a reality.
Talking about the world conventional payment system which is my main focus today, it is so unfortunate that despite the level of technological advancement in our world today, people still rely heavily on third parties to make transactions even despite the fact that it is loaded with lots of disadvantages which are highlighted below;
- Highly expensive conversion ratio and charges when making international transactions
- Difficulties associated with management of fiat accounts which prone the account owner to fund loss if not managed effectively
- Dependency on third parties for transaction processing which delays transactions
- Expensive transaction charges by intermediaries which seems overwhelming at times and
- Lack of transparency by financial institutions.
People are tired of using this conventional fiat method of transacting and are seeking for other alternatives, which was the sole reason why the blockchain technology was invented by Satoshi about 10 years ago and ever since then, more great projects are being launched into the blockchain ecosystem to tackle the problems that Satoshi’s bitcoin couldn’t solve.
The AIGO platform is here with a more advanced technology to improve the global payment standard which will get rid of the conventional fiat.
AIGO platform
This is a decentralized platform that is making use of the smart contracts technology to get rid of the several intermediaries that exists between business entities in order to improve standard of all businesses.
An exclusive feature of this platform is its flexibility and also determination to implement the use of credit cards in the blockchain technology in order to achieve its goals of bringing positive changes to the global payment system.
What makes AIGO Platform Unique from its other Blockchain Counterparts?
- A-wallet allows users to view account details and connect wallet to wallet. It will also enhance the interaction of bill payments between accounts
- A chain which will initially run on the Ethereum network but will integrate with other networks in future in order to create a flexible AI-payment chain
- A-card which serves as an ATM card that will allow fiat withdrawal and payment of bills without paying any fee
- A-store which is an AI-based marketplace that allows users to buy goods without conformation from the center
The payment chain of AIGO has been designed in such a way to facilitate flexibility in transaction mechanics in which each trader can design their own transactions and apply their own business logic.
The platform shall serve as a connection point for businesses and customers where its users can easily search for integrated businesses while those businesses shall receive AIGO tokens as means of payment.
If you study all the information about this project carefully, then you will realize that this is just another great project we now have in the blockchain space that is set to cause tremendous improvement to the global payment system through smart contracts. Now business entities need not to be scared of breaking of contracts by the other partner during transactions, but rather, the AIGO platform will ensure the smoothness of transactions between entities
For more information about this project, please check the links below;
/Website/Whitepaper/Facebook/Twitter/Telegram/
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Bitcointalk link; https://bitcointalk.org/index.php?action=profile;u=2305577
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