Dexa: The new Blockchain Financial Institution
Despite several drawbacks of traditional money moving methods, there is a huge number of individuals and businesses who still opt for traditional methods just to get stuck and waste precious time. At present there are already many Blockchain technology platforms trying to solve the challenges faced by individuals trying to move money across borders and within their various localities.
It can be seen from the decision of the founder of Dexacoin to establish a platform that offers financial transaction services, which services have been applied to many other platforms. But actually it is not wrong if the founder takes this decision. Because everything that is done in accordance with expertise, it will automatically answer the market challenges by itself. Because basically the desire of the market is not one of the main components that must be considered, but how to create a technology system that has a different system and can replace a number of deficiencies found in the previous technological system.
Dexa Coinis is a new blockchain financial institution which implifies the sending and receiving of money all across the globe by providing a straight forward payment moving procedure after the removal of numerous steps which exist in other traditional methods.
It makes the entire process of cash transfer not only easy but faster. Dexa Coin incorporates the blockchain technology to bring a revolution to the financial world. Money transfer companies and banks, even in this modern world, are still using traditional methods which are not only time-consuming but also full of inconveniences. Due to the use of traditional money transfer methods, customer satisfaction is poor and so is the entire process.
Dexa Coin wants to take it further by introducing an “Instant Messaging Feature”. This feature will allow users to also connect and communicate with each other. A brilliant and unique feature unavailable with the competitors and a feature which will open doors to various opportunities and possibilities.
Integration of Blockchain Technology
The present technologically advanced methods and instant solutions to urgent money problems. Even though the traditional money moving methods still exist and are used by many individuals and businesses, the need for new technology has arisen. The blockchain technology is well equipped to take advantage of this need by providing a solution to the present need of modern institutions.
Use of blockchain technology redefines the whole process of moving money for its users. The blockchain technology will make transfer of payments extremely easy which eventually leads to increased productivity overall. Furthermore, while traditional methods require the handling of authorizing and releasing payments, the blockchain eliminates the requirements of the middleman altogether which was the main reason behind the traditional methods of being so time-consuming.
The structure is the ultimate factor which makes the entire process take place at very high - speed and that too, at low cost. The process of transferring money across the globe is safe and fast. Anyone who is familiar with the smartphone will be able to take benefits from their app.
According to Dexa Coin CEO, Adnan Altaf, the App is designed to be easy, user friendly, and secure. The CEO, Mr. Altaf, guarantees that the whole process will be transparent without any tampering.
The Dexa Coin App
The Dexa coin App, with its advanced technology, smoothly connects both parties together to make the whole experience of payment transfer hassle-free. Dexa Coin APP comes with several features which together make the whole money transfer process easy for its users. Few unique features have been incorporated into the app which gives a competitive edge to the app. Some of the interesting features of the app are mentioned below:
Sending and Receiving money across the globe:
International and national money transfers. You can send and receive moneywithout any delay or wait at whatever time or from wherever you want. All you require is a smartphone and an internet connection. That's all. The incorporation of new technology makes the entire process of money transfer.
Instant Payments:
Dexa Coin is a money moving platform that could be used for both local and global level transfers. It could be used anywhere anytime instantaneously. Planning to go out for dinner? The latest NFC and QR technologies allow multiple transactions in various countries simultaneously.
Integration with your bank account:
The Dexa Coin app allows smooth and quick integration with most bank accounts. It allows the user to connect the app to their payment card Eg: Visa Card and Master Card or Transfer Money from the app to their bank account and vice versa.
Security:
The Dexa Coin app ensures the utmost security of its user's finances and financial information. The app comes with multiple features which make sure the security of your money and digital wallet is not compromised at any level of the transaction. Unmatched security is one of the top priorities of the Dexa Coin and the team is fully committed to providing a secure platform to its users. Unlike other money moving companies, use of blockchain technology not only makes the money transactions easy but also secure.
Privacy:
Apart from all the security features that are added to the app, it also protects your privacy. The Dexa Coin app ensure the complete privacy of its users. The Instant messaging feature has ‘End-to-End Encryption’. This limits the access of any third party and makes sure the messages remain between the two parties concerned. It is further equipped with an attribute which detects and counters the unauthorized access into payment transactions.
Instant messaging Feature:
The feature which gives Dexa Coin a competitive edge and makes it stand out amongst its competitors is its ‘Instant Messaging Feature’. Instant Messaging is a social feature which allows the user to stay in touch with family, friends or anyone they are sending money to. It especially helps them get and deliver updates regarding the transfer of money.
DEXA platform features can be used by people for various personal purposes it is especially helpful for business users or managers who require to maintain a business relationship with the clients and need to stay in touch with multiple clients simultaneously regarding various payments. It provides an unmatched level of communication to its users which can not be achieved by any other platform.
Problems With Traditional Methods
Imagine you have to send money from one place to another, let’s say the US maybe? If you have to send $100 to a friend in the US, how much do you think he will receive? You don’t know. It is not easy to guess because of the several hidden charges that money transferring companies apply.
There are numerous hidden charges which along with the deduction due to exchange rates which result in the overall reduced amount of money that you initially intended to send. Even if the Money Transfer Operators (MTOs) offer fees free rates, the exchange rate is always too diluted which eventually compensates the lost commission.
In addition to their high commissions, there are other factors which make the whole experience regretful. These factors include technology, the organization’s structure, rules, regulations, and overall pricing.
Apart from these elements, these MTOs do not offer the level of privacy and security demanded by customers due to sensitive financial information and dealings.
Mentioned below are a few of the fundamental drawbacks of traditional money transferring methods:
More Expensive:
The traditional money transfer methods are usually more expensive.
Time-Consuming:
Traditional ways which include several companies and banks provide extremely slow service. The traditional methods are time-consuming due to the presence of middleman in the process. The middleman is the main reason for slowing the sending and receiving of payments. Not to mention the time which is wasted while filling the money transfer forms and the entire procedure to prove one’s identity.
Limited Accessibility:
The money transfer companies and banks offer services for a limited time period. A limited number of days and hours per day. They do not offer 24/7 service. Furthermore, they are closed on several holidays and all weekends. This means it is highly likely that you will not be able to send or receive money if your money emergency is after their official timings or at some holiday.
High chances of fraud:
Over recent years there has been an increase in the number of frauds with scammers gaining access to the control & tracking number.
Conclusion
Real reality that we can take from the digital economic theory above. Where once a number of people had to come to certain financial institutions directly to carry out economic activities. But at this time all of that we can reach only by using a smartphone that has a size no bigger than the palms of its users. Same is the case with the Dexacoin payment transaction service application which can now be downloaded and enjoyed on one smartphone.
Further info:
Website: https://dexacoin.net/
Whitepaper: https://dexacoin.net/wp-content/uploads/2019/07/DEXA-COIN-OFFICIAL-WHITEPAPER-UPDATED-24th-JUL-2019-6-PM.pdf
Facebook: https://www.facebook.com/DEXACOIN.DEXA/
Twitter: https://twitter.com/DEXA_COIN
Telegram: https://t.me/dexacoin
Medium: https://medium.com/@dexa_coin
Published by Zalixo
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