Zeux: Disrupting the financial services and the crypto payments world
Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust-based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes.
The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non reversible services. With the possibility of reversal, the need for trust spreads.
Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party. Contracts, transactions, and the records of them are among the defining structures in our economic, legal, and political systems.
Blockchain promises to solve this problem. The technology at the heart of bitcoin and other virtual currencies, blockchain is an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. The ledger itself can also be programmed to trigger transactions automatically.
How does it work?
The ZEUX platform will be capable to offer its many users an integrated feature that’ll be capable to offer many features that can be applied in the economic services. This is entirely thanks to the biometrics, AI and the advancement taking place in the block tech.
The ZEUX platform will be in position to offer safe Smartphone payments that can be simply be applied for both fiat and digital asset deals, it can also be applied on the decentralized cash move, simple access to the many digital assets and conventional investments access too many accounts, having a safe secret data vault for all user and not forgetting the KYC concierge to assure all consumer enjoys risk free account opening experience.
While you’re on the ZEUX platform, you’ll be capable to handle your economic portfolios effectively. But this is not all as the firm has assured that entire the deals that are carried we will be completed in a very secure environment, that has been proved to meet the safest market standards, one which has been designed to use the most advanced cyber system safety protocols that you can find in the market.
The ZEUX platform was founded as a lone entry investment system, so from this, you’re assured you’ll get the extremely finest conventional investment features plus a wide range of digital asset investments. To make sure you’re being the fruits of both planets.
Features
Zeux aims to help customers to protect and gain full control of their personal data while facilitating access to all personal financial services and making it more accessible for the everyday user to invest, to monitor different investments and to spend and invest in the crypto world.
Mobile Payments in Fiat and Crypto using NFC
Instant virtual Visa payment card
Secure KYC and conierge service
Utilising Zeux’s token gives reduced account opening fees, transaction fees
Manage full financial portfolio for Fiat and Crypto
Aggregated platform to all access to all financial services
Advantages of the ZEUX
The ZEUX will deliver a revolutionary regulated solution offering a one entry spot platform that allows you access to every your financial product profiles. The ZEUX leverages secure, decentralized, allocated block tech and introduces its own digital money to facilitate the secure, immutable, stored account opening and deal processes. It’ll be speedy, secure, convenient and reliable.
Key advantages
Aggregated to reach many investments items form diff providers in both virtual and fiat money, accounts, value, cost, interest comparison among accounts.
Integrated gape where the client can manage many bank accounts via open banking PSD2
Decentralized, secure storage of KYC info with historical data on the block as well as concierge service for issue free account opening.
Safe NFC mobile phone payment for main digital money and fiat money at POS 13
No annual fee or sign up fee
No charges or commissions for foreign exchange
Utilization of the globalized, broader resistant coin (ZEUX coin) for secure, fast, and free globally transfers.
What’ll ZEUX platform bring to the Table?
In reality, it is very difficult to separate monetary services from our each day life and business activities. With the progression of tech, people are gradually more demanding cellular phone payment solutions and entrance to lucrative investment tools. ZEUX platform is here to redesign the fiscal services landscape by simplifying burdensome, complex, and classy economic management processes. Not together from simplifying them, the organization will also make the economic management processes suitable and inexpensive for clients. As an FCA-regulated unit, ZEUX platform has rolled out its diagram for the project. The economic solution provider says that it’ll launch its functions in 2019 across the EU associate countries. After that, the next line of the act will be the rollout of its operation in 2020 (as I mentioned before).
ZEUX platform’s Wide Spectrum of Services
ZEUX platform has already rolled its covers even as it has perfected the entire its strategies. But looking at the plans, the fin-tech firm intends to organize block-chain technology, biometrics, and AI (artificial intelligence), as well as integrating fiat and virtual money onto the solitary platform. Consequently, the company will offer integrated services that provide customers the chance to enjoy a large array of their services.
Individual data vault and KYC concierge
At the base model of ZEUX are their core economic system platform and the ZEUX individual data vault. This feature will let consumers manage and own their ID in a safe environment design on the block. Moreover, they can re-use the info to open new investment and bank accounts easily and promptly. Every client’s content collected by ZEUX during account opening will be encrypted and stored perfect in the individual vault, with a corresponding has crafted and stores on the decentralized, allocated block tech.
Database of client’s major economic activities within the ZEUX platform can be added to the individual info vault if the client grants consent. This can be applied for next KYC.
When clients instruct ZEUX platform to open a new economic account with the specific provider, the ZEUX concierge service will place the app on behalf of the client and facilitate the procedure of sharing KYC has stored on the block and a link to her – his individual data vault. This’ll widely eliminate account onboarding time for the clients.
In addition, when one more economic organization completes confirmation of KYC 15 docs, a record of hash confirmation will be added on the block. Future firms might use the older confirmation data and focus on checking new data which will exactly eliminate business admin burden and speed-up knows your customer procedure. Entire client’s data will be completely encrypted. Just customer will have the individual codes to access this content and the right to share with service givers.
For more information please visit links below
Website: https://www.zeux.tech/
Whitepaper: https://www.zeux.tech/assets/PDF/ZEUX-White-paper-Eng.pdf
Reddit: https://www.reddit.com/user/ZeuxApp
Facebook: https://www.facebook.com/ZeuxApp/
Twitter: https://twitter.com/ZeuxApp
Telegram: https://t.me/zeuxapp
Author: Stug (BTT link: https://bitcointalk.org/index.php?action=profile;u=1947027)