The world of finance is a very important sector to reckon with in this present age. The system is the worldwide framework of legal agreements, formal and informal economic actors and institutions which facilitates the financial influx of capital mainly for the purpose of trade financing and investment.
The International Monetary Fund (IMF) reported that the global financial system is on a path to financial stability however, this system faces a host of transitional challenges borne out by regional vulnerability and policy regimes.
The Problem
There’s presence of serious lack of transparency and secure trusted information in the global financial sector. As we are all also aware that this sector is directly connected to the global commercial market which is being deprived of good level of development as a result of the unreliable and manual processes.
This has consistently caused a lot of setbacks to the industry which has resulted in payment disputes, cash flow delay of transactions and also liquidity maintenance challenges.
We have seen over time the miracles that the blockchain technology has been performing globally ever since its advent by Satoshi Nakamoto, therefore we cannot deny the fact that this technology is the next technological evolution. Not only does it have several usecases in almost all the global sector but it is also more expedient than several conventional systems as a result of its transparency, efficiency and speed features it offers when being integrated with.
It’s in lieu of this that some set of professional team members came together to find a lasting solution via the use of blockchain technology to the problems being faced in the global financial and commerce industry. This team understands that the integration of blockchain technology in all transactions will result in increased security, transparency and also highly reduced fraud rate.
Introducing PrePayway
This is a blockchain based project that is targeted towards introducing a new paradigm in commerce. This platform can be likened to be an all in one financial platform as it has in it the functions of lawyers, escrow agents, banks and also arbitral institutions which are all geared towards providing a better business ecosystem for all.
The chat below shows how PrepayWay platform works in achieving a scalable ecosystem which supports all international businesses.
Another exciting feature of PrepayWay is its integrated payment solutions which can be done either in Fiat currencies (through licensed and trusted escrow partners) or digital currencies.
What Benefits Does Participants of PrepayWay Platform Gets Over Conventional Systems?
- Transparency in transactions via the blockchain technology
- Efficient transactions without the need of unnecessary third parties
- Top class data security without any risk of being hacked or stolen
- Supports both transaction in fiat and digital currencies and
- Efficient dispute resolution.
PrepayWay platform already has a real usecase of its ecosystem in providing solution to real estate by combining all the core elements of the PrepayWay blockchain ecosystem in order to make real estate reservation process secure, transparent, time efficient and also cost efficient.
Token Properties
The native token of the PrepayWay platform is the InBit token which is a utility token and it has several usecases such as payment of service fee and special discount on PrepayWay fees among others.
- Token type: ERC-20
- Initial Price: 0.01EUR per 1 InBit
- Hard Cap: 50,000,000 EUR
- Soft Cap: None
Conclusively, PrepayWay platform has a lot of embedded features in store to transform the global financial and commerce industry. Not only does the platform has all what it takes to make this an accomplishment but also, the practical usecases of the platform is an enough evidence to prove that the project will be among the best blockchain projects in existence. However, I will advice you all to make your further enquiries on the project.
For more information and enquiries, feel free to check the links below;
/Website/Read Whitepaper/ANN thread/Telegram/Facebook/Twitter/Medium/LinkedIn/Instagram/Weibo/
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