How does Atox debut in the center of cross-border payment industry

0 votes
Introduction: The “global village” created by the Internet has restored the original sense of distance in the face of the huge obstacles of cross-border payment.
Nowadays, with the rapid development of economic globalization, the economic ties between the countries of the world are closer, global trade is constantly taking place, and there are more and more scenarios for cross-border payment. However, due to the large number of intermediate links involved in traditional cross-border payment, high handling fees and poor timeliness of collection and payment, which causes inconvenience to cross-border merchants in cross-border payment.

Traditional cross-border payments are slow and expensive

Traditional cross-border remittances are mainly rely on remittance companies, post offices, banks and some offshore fund. In international trade, cross-border payment faces with both expensive and slow problems. Each fee does not seem to be high, but it has not been a small number in the long run.

The traditional cross-border payment settlement method is exemplified by the world's leading express remittance company“Western Union”. Even though it has the largest and most advanced electronic exchange financial network in the world, the fastest time to pay for cross-border payments is 2 to 3 days. If you use ordinary bank wire transfer, it takes 3-7 days to wait. And the cost of each transaction is 30 to 40 dollars.
While technological advances such as the Internet have changed most communications and business models, these cumbersome processes have hampered economic growth and created additional costs for large administrative and compliance departments.
The trend of globalization is irreversible. What new technologies will empower cross-border payments in the future?

Globalization is irreversible, Atox supports for cross-border payments

Although in the short term, Sino-US trade war, British Brexit and other isolationism phenomena emerged, the globalization trend of cross-border trade is irreversible. Because the Internet and new technologies have connected the global market, the demand for cross-border trade, export e-commerce or cross-border payments is increasing.

The market is looking for safe, efficient, and low-cost cross-border payment methods, so the blockchain, known as the fourth technological revolution, can produce explosive chemical reactions with cross-border payments in this era of "blockchain"?
The answer is yes. The application prospects of blockchain technology applying in the financial field, especially cross-border payment, are widely optimistic. At the tuyere of such a great age, AtoX was born.

AtoX builds a common decentralized trading system based on blockchain technology, providing users with real-time payment and settlement services in cross-border and any currency worldwide. Cross-border payment will become extremely convenient and low-cost to enhance the cross-border remittance service experience while promoting value transfer and settlement efficiency.

AtoX aims to be the first brand of cross-border settlement, to contribute to the global settlement industry, to create a vertical ecological chain and an open ecosystem, to achieve the interconnection and sharing linkage of the whole industry. From the view of time, AtoX's lightning payment initiates a transaction, and complete it in 3 seconds, eliminating too many operations and cumbersome process, so that you can easily pay at any time and anywhere.
It's inevitable that blockchain technology has brought about a convenient reform of cross-border payment and settlement. As a new star in the field of public blockchain, AtoX relies on the characteristics of blockchain technology to provide efficient payment and settlement services and other related services for merchants and consumers around the world, so that trading methods have a better trust mechanism, making lower transaction costs and more smaller resistant.
Jan 24, 2019 in Blockchain by anonymous

recategorized Jan 24, 2019 by Vardhan 362 views

No answer to this question. Be the first to respond.

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.

Related Questions In Blockchain

+1 vote
1 answer

How do i change the names of validating peers in IBM Bluemix blockchain?

IBM Bluemix Blockchain service Hyperledger Fabric v0.6 will ...READ MORE

answered Apr 11, 2018 in Blockchain by Perry
+2 votes
2 answers

How can I traverse the blocks of transactions in hyperledger fabric?

For hyperledger fabric you can use query ...READ MORE

answered May 8, 2018 in Blockchain by Rachel
0 votes
1 answer

How to check the data integrity logic in proof of work mining?

The proof of work is actually works ...READ MORE

answered May 8, 2018 in Blockchain by Johnathon
• 9,090 points
0 votes
1 answer

How do I send back ethers to the sender of the tokens in a smart contract?

Whenever a smart contract receives ether via ...READ MORE

answered May 30, 2018 in Blockchain by Perry
• 17,100 points
0 votes
1 answer

In Hyperledger fabric, how does committer validate the transaction?

Endorsing and committing are just two functions ...READ MORE

answered Jul 3, 2018 in Blockchain by Omkar
• 69,230 points
0 votes
1 answer

How does the consensus happen in Saas based blockchain application?

I will be maintaining the database at ...READ MORE

answered Jul 20, 2018 in Blockchain by aryya
• 7,450 points
0 votes
1 answer
0 votes
1 answer
webinar_success Thank you for registering Join Edureka Meetup community for 100+ Free Webinars each month JOIN MEETUP GROUP