TraXion- aiding Financial Transactions

belushiiwuzere (29)in #blockchain • 6 years ago

Traxion is built to improve banking functions, loaning, spending, saving in a secure way. It will use a blockchain technology to enforce data integrity, accountability, transparency, and trust to achieve this purpose. They plan on doing this and many more through several ways. The first is by providing a wallet to their users for safe crypto storage and easy payments. Then, they’ll be introducing blockchain solutions for businesses and networking, as well as the introduction of smart contracts for accountability and good trust.

This ICO wants to provide a fast and easy way of using crypto in daily life, whether it be to pay bills or to go shopping. The TraXion platform aims on doing this by creating a compliant network. One that encourages honesty, integrity, and speed in every transaction.

The efficiency of financial transactions is very vital to businesses. the movement of sending and receiving funds is paramount for a succesful business . Imagine, you sent a bank transfer at exactly 15.00am in a far location and the recepient receives at exactly 15.03am, Magic!, isnt it?. Well Traxion is aiming to do just that and many more.
Furthermore, it facilitates the ease of mind by putting to bed issues of trust. Currently, cryptocurrency as a method of payment still raise a few risk issues and isnt the most trustworthy form of payment. Traxion wants to fix this with the help of their smart contracts by creating a platform and community solely based on trusts.

They have launched various products and services to encourage the crowd to participate in the accomplishment of their mission. TraXion has developed elements in the proposed economies of scale that includes Wallet, Payment Platform, Fundraising Platform and Personal Finance Platform.

All these platforms will be on Traxion Chain to help people in connection with each other and allow effective transact payment with reducing cost of peer-to-peer lending & remittance, activities of a non-profit organization and transparently account for Philanthropic activities of a non-profit organization. Moreover, it also allows insurance and investment processed efficiently by utilizing smart contracts.

Traxion will try to solve ranging financial transaction issues of cost, transparency even bureaucracy: cutting off middlemen entirely.

Traxion has completed some of its goals since the start of their project and even has a working product now.

The first milestone completed is the Traxionhub! Traxionhub is a hub that supports new startups to incorporate their business into the blockchain using Hyperledger fabric technology. Traxionhub has already helped several startups moved into the blockchain and one example for this is Gavagives.

Also, TraxionPay. A payment platform and an online wallet where you can send or receive payments whether you are online or offline.

TraXion is led by Ann Cuisia (CEO), Tamer Maher (COO), and Anand Vemula (CTO), a product of Pluma Technologies, an Ireland-based company. Pluma purchased the IP of TraXion. Cuisia, the CEO of TraXion, is also listed as Managing Director of Pluma.

TraXion has partnered with MasterCard to provide payment solutions. TraXion will provide prepaid MasterCards that enable P2P payments, for example. TraXion MasterCard holders can fund their card using USD, CAD, GBP, and EUR.

In Conclusion

The vision of TraXion is focused on building an ecosystem where businesses will be very friendly for the common good.

Imagine a world where for profit businesses meets non-profit organizations into one whole crypto-economy mutually benefitting borderless and frictionless financial transactions.
I like this project a lot, its such a breath of fresh air and i believe it will be a great success. If you are looking for best ICO to invest then Traxion ICO is a good option where you can invest to reap positive result in the future.