Orbis - Financial platform for remittances and investments

yousufatik (33)in #blockchain • 6 years ago (edited)

About the project

Orbis is a blockchain-based company that specializes in solving problems with money transfers and all related problems. Developers create a single financial platform, where each user will be able to independently manage all the services that he needs. Clients will have access to money transfer services and investing in financial assets. The ecosystem was developed on the basis of blockchain technology using its own cryptocurrency - ORBS tokens. You can use the services of the platform using a website or a mobile application. The goal of developers is to make a universal payment gateway with convenient and efficient tools.

For more details about the project please visit: https://orbistransfer.com/

Problem

The technologies that surround us are constantly improving, new ones are appearing and old ones are leaving. This applies to any field of human activity. And the financial sphere is no exception. With the advent of blockchain technology, one can even say that this is the most innovative area today. Financial services are used in the daily lives of millions of people: banks, shops, payment cards, etc.

Despite the rapid development of the financial sector, several serious problems have been identified that are characteristic of this industry. We list the main problems that people face most often:

Speed. The process of transferring money takes a very long time and takes a lot of time. Sometimes it takes several days to process a transaction, which can lead to negative consequences. Objectively, today there is no solution to speed up and simplify this process.
High commissions. The translation process is not only long, but also expensive. Money transfer companies earn huge amounts on commissions. Plus a huge number of intermediaries, to whom we also pay a commission, although these payments are always imposed and there is absolutely no need for them.
Centralization. The entire financial system is centralized and therefore insecure. It can be hacked: forge, hide or draw the necessary transactions.
Paper documentation. To make a transfer of money is required to support the transaction by signing paper documents. Some of them are very complex, especially when it comes to reading and signing a multi-page agreement for transferring a small amount.
Limitations. There are limits for transferring funds and withdrawing cash, and this is always inconvenient.

Solution

After analyzing all the existing problems in the financial sector, Orbis developers have proposed a solution that can solve these problems. Let us list what the project creators specifically suggest:

Decentralization. This will eliminate all intermediaries in the ecosystem, which will significantly reduce transfer fees.
Reduced time costs. The blockchain technology will reduce the amount of time required for operations.
Commission. Based on the two previous points, the Orbis economic model guarantees low commissions.
Self service. Users will be able to independently select the necessary services.
Documents. In the Orbis system there will be only electronic document circulation. All necessary checks, extracts and certificates can be downloaded and printed from your personal account.
Purse. It will be simple and at the same time advanced. You can store your tokens in your wallet or move them to invest.
Exchange. The platform will have its own stock exchange for buying / selling digital financial assets. It will be easy to buy or sell tokens for cryptocurrency or fiat.
A plastic card. Orbis will issue its own debit card so customers can use it in their daily lives. It will be tied to a cryptocurrency account on the platform. To pay for purchases or withdraw cash from an ATM, the system will convert the funds in the Fiat account on the fly and send them to the counterparty.
Security. Decentralized device provides the maximum level of user safety in the ecosystem.
Service. Orbis services will be available to them anywhere in the world. The developers are planning to work not only online, but also to go to the real world, installing many ATMs around the world. Since the platform will be self-service, artificial intelligence will help users.
Liquidity. ORBS tokens will have a stable price and a good level of liquidity, which will allow customers to easily and quickly convert their tokens to Fiat and back.
Tokens. The platform will contain two types of tokens. ORBISToken - the main token for transactions and payment and ORBISInvest, which will be used exclusively as an investment tool.

All technical details about the functioning of the project can be found by reading the whitepaper at: https://orbistransfer.com/

Conclusion

The Orbis financial platform has good chances to make significant modifications to shape the future financial market. Remittances and investments are the most demanded financial services, and therefore the demand for them will always be high. If users are given a convenient and simple tool for applying the necessary services, then we can assume that Orbis will be able to quickly gain its target audience and only gain momentum in the future.

To keep up with the latestNews of the project, you can visit the official website or subscribe to social networks:

Website: https://orbistransfer.com

WhitePaper: https://orbistransfer.com/downloads/Orbis-White-Paper-2.pdf

Telegram: https://t.me/orbisgroup

Twitter: https://twitter.com/OrbisToken

Facebook: https://facebook.com/orbistoken

ANN Thread: https://bitcointalk.org/index.php?topic=3844192.0