Topic: FXPAY: Forex Market Through The Utilization Of Blockchain Technology. (Read 135 times)

FXPay is an exciting and highly prospective business opportunity that brings innovative technology to the Foreign Exchange (Forex) market. FXPay believes we can intelligently mitigate risk and increase the speed of transactions in the Forex market through the utilization of its FXP token, an ERC20 token based on Ethereum blockchain technology.

By introducing blockchain technology to the Forex market, FXPay is able to address inefficiencies in the market that, until now, have not had a solution. By offering a digital currency to brokers and traders, FXPay provides a mediumt hrough which to effortlessly convert fiat currency into FXP tokens. Once it is securely logged on the blockchain, it can be converted into any of our Forex pairs.Traders can then use Forex credit to participatein the market. Once trading has ceased, trader scan trade Forex credit back into FXP or any other digital currency. Alternatively, traders can choose to keep Forex credit, which can either be used to continue trading at a later stage or withdrawn into fiat currency through the Forex trading platform, at minimal cost.

SOCIAL WALLET
FXPay has developed a mobile application for the storage and transfer of FXP and Forex credit. Members of the FXPay community will be required to clear the KYC/AML authentication process for identity confirmation, to establish a secure presence on the platform. This will allow them to create a personalized and secure digital wallet. This wallet will be available for both iOS and Android mobile devices. Users can send and receive FXP coins, exchanging them for Forex credit.

MIRROR TRADING
Mirror Trading is a method in Forex trading that enables traders to ‘mirror’ strategies developed by other experienced Forex traders. A trader’s brokerage account is linked to a platform where trades can be executed by selected strategies. Strategies are listed in order of profit percentage and display information regarding the strategies’ funds, mirrored funds, leverage, and a performance chart. Traders can select strategies that match their personal trading preferences, such as risk tolerance and past profits. Once a strategy has been selected, all the signals sent by the strategy will be automatically applied to the client’s brokerage account. No intervention is required by the client as all the account activity is controlled by the platform.

FXPay has partnered with MasterCard/VISA to issue an FXP debit card that can be used for transactions worldwide. FXPay holders should be entitled to access fiat currency at any time. Through the use of an FXPay debit card, FXPay enables its holders to withdraw and pay for local products or services by deducting directly from their FXPay account. The FXPay debit card will be issued by MasterCard to ensure worldwide usability. This will be rolled out during the end of Q1 2019.

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