Bixtrim for safer transaction

sanjeewand (40)in #bixtrim • 6 years ago (edited)

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) # About Bixtrim

The blockchain based multi-functional financial platform Bixtrim is an incorporation of cryptocurrency market features products and services. The Bixtrim team vision is to use crypto in a simplified method in everyday life and to make customers a part of it. The aim of funding crypto-based accounts with various retail banks is an advancement in the global platform. The team will fulfill multiple financial service requirements. The mission is to provide crypto access to general public. The goal is to make cryptocurrency access daily to users. The goal is to fulfill above-mentioned mission effectively. This platform provides opportunities of crypto pawnshop future contracts, new cryptocurrency supporting escrow and multifactor authentication and finally debit cards directly linked to cryptocurrency wallets.

Challenges and solutions

✅ Slow cash-out of cryptocurrency/Delayed cash-out
The exchanging cryptocurrency for fiat money instantly and time it takes to cash out is a major issue.

Solution

Bixtrim holds partnership of leading microfinance organizations in Georgia under the name of Bixtrim. It only takes few minutes for customers to cash out cryptocurrencies with the help of this partnership institution. Bixtrim aim to use entire network and provide easy access for customers to any fiat or crypto they want. It will use accounts of various banks for instance like SEPA to make instant transfers. This network provides Bixtrim the facility to track client bank accounts instantly.

✅ The potential loss of profit for coin owners

The cryptocurrency owners like miners and early-bird buyers believed in a successful future market. Although they are in need of cash it is a loss of profit to sell cryptocurrency today. As the value of the coin is rising most owners find it foolish to sell and lose future profit.

Solution

The Bixtrim crypto pawnshop helps in these owners by allowing them in these owners by allowing them it pawn their coins and later take back after they meet the financial commitment. Thus, customers are provided with short-term cash along with the chance to keep the coins and profit in the long term.

✅ No possibility to trade on a predetermined date

There is no determined date for existing exchange platform transactions. This is an obstacle that blocks brokers entering the crypto market.

Solution

The newest feature introduced by Bixtrim will solve this issue. All future contracts will be containing a predefined date on the Bixtrim platform. This feature is open to all customers to use. All the coins will be supported with this feature. There are instances where buyer and seller are anonymous the binding is not legal. In these instances, Bixtrim will act as the guarantor and save some money for a better transaction.

✅ The limited number and slow timing of transactions

The transaction process of existing cryptocurrency is very slow. The time that takes for a transfer from one wallet to another is very long. This may be caused due to the number of transactions happen per one second. Coins are not convenient like fiat money.

Solution

The number of transactions happens per a second with cryptocurrency will multiply for a 100.000 with Bixtrim. This technology enables a multitude of transactions. Bixtrim’s coin acts as a catalyst that connects the crypto market to the retail market.

✅ Single factor authentication

The confirmation of transaction on exchange platform is done with a single-factor private key authentication process. The registration of a wallet provides a key to the customer. But the security is not satisfying in this process. The authentication process is vulnerable to hackers.

Solution

The Bixtrim’s solution is its coin’s newest feature multi-factorial authentication. There are testing done and it will be developed by the banking sector based on standard/best practices. This new approach minimizes the security risk to zero. This avoids any unauthorized transfers of Bixtrim coins on the platform. There is a selection of simplified and multifactor authentication methods for customers. When we go back to past the companies were stolen because of the private key security system. The introduction of multi-factor authentication from Bixtrim will remove security risks.

✅ Guarantees for prepaid deals

Cryptocurrency world is not safer for many-sided deferred deals. The security of a person who pays for a certain product/service and receives it is open to attacks. They will either not receive the product or will receive a sub-optimal form of the product.

Solution

The solution is to provide a cryptocurrency that is compatible with the escrow feature. Regardless of independent or predetermined or randomly chosen the third party will receive the option of coins issued by Bixtrim. All transactions done through Bixtrim are guaranteed by Bixtrim system. A new term in the cryptocurrency market is introduced as “unprecedented service”. Through this process, unless the product is received by the payee the funds will not be released. This is enabled by the Bixtrim escrow feature.

✅ The limited connection of crypto market with the retail market

he by certain sector like miners, traders and likewise. Thus, it has established a gap between the professional and retail market and limits the crypto market to a certain sector.

Solution

The revolutionary payment card introduced by Bixtrim will link cryptocurrency to other coins. The added benefit is this card is able to transact on online shops, ATMs, PoS terminals and also high withdrawal limit. Anywhere anytime the card can be used to pay for online shopping and retail purchases. The further exchange processes are eliminated as coins can be converted to cash at existing price and value.

✅ Taxation

In European and post- Soviet Union countries cryptocurrency owners are charged for every cashout and transfer.

Solution

The link of coin to the Bixtrim’s payment card is the solution provided. This method eliminates regarding cash as an income.

Conclusion

The success of this multi-functional crypto-exchange platform is already established with its team of like-minded people. They work hard in solving issues and obstacles faced by customers. This platform is already ranked second place in the world in Tbilisi and Georgia. This platform is an investment in the cryptocurrency mining. This platform will be a fastest cryptocurrency transaction method. This is further extended with the use of various banks for transfer methods. Thus, this is a safer and more innovative platform for users.