The foreign exchange market is the international exchange of currencies between banks, liquidity providers, brokers, and traders. Millions of investors engage in the Forex market, trading various forms of currency by executing transactions through brokers. The broker acts as an intermediary between individual traders and liquidity providers, facilitating Forex transactions and communications.
What is FXPay
FXPay is an exciting and highly prospective business opportunity that brings innovative technology to the Foreign Exchange (Forex) market.
FXPay Goal
- FXPay goal is to address the current inefficiencies within the market and to provide cost-saving solutions to brokers, traders, and liquidity providers. By utilizing blockchain technology, FXPay can intelligently reduce the risk for brokers and traders by providing more opportunities and increase the speed of transactions in the Forex market.
- When the FXP Platform goes live, it will quickly receive a large daily transactional flow, and within a few months, FXPay will be immersed in a major industry with expected turnovers of US$ 54 million per day.
FXPay Mission
- FXPay Inc. aims to create a large, international, eco-friendly community on a digital platform that is made to meet the demands of Forex liquidity providers and traders.
- The primary focus will be premium brokers who require a new transaction method which is made cheaper and faster through the use of blockchain technology.
- FXPay Inc. aims to expand on this becoming their own premium broker.
- This will allow clients to freely invest in the Forex market with their token.
- This will provide a platform with both established users and significant daily volumes, which will steadily increase the price over time.
Market Problem
- The fees incurred by the trader, broker, and liquidity provider when withdrawing and depositing funds.
- The lack of consistency concerning broker fees, due to a lack of standardization.
- Exchanging money is a convoluted process that can take multiple days.
- Hurry sign up to get your limited time offer, as weexpand globally.
The transaction process is inefficient and complicated for such a big industry, with a lack of consistency concerning brokers.
FXPay Solution
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 medium through which to effortlessly convert fiat currency into FXP tokens.
By offering a digital currency to brokers and traders, FXPay provides a medium through 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 participate in the market.
- Once trading has ceased, traders can trade Forex credit back into FXP or any other digital currency.
- 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.
This offers traders and brokers an attractive alternative to the traditional Forex structure, by providing an innovative platform with highly reduced fees and faster transaction times.
The result is:
The result is:
- Increased profit margins
- Investment potential for traders
- Cost savings for brokers when transacting with liquidity providers.
FXP can be used as a great hedging opportunity in a situation of high market volatility. Crypto investors can easily swap their crypto for a more stable fiat alternative, until the market has stabilized.
Finally
Until now, brokers have had to approach liquidity providers to provide them with liquidity. They can then offer this to their customers. In the future, FXPay will act as its own Premium Broker. Offering brokers the ability to purchase FXP at the prevailing market price, plus a discount. This provides leverage to brokers that choose to use our platform. Brokers can choose to manage their own risk and profit by using their leverage and deciding how much of their FXP they would like to allocate to traders.
✅Website: https://fxpay.io/
✅Whitepaper: https://fxpay.io/pdf/FXPAY_V.1.4.pdf
✅Twitter: https://twitter.com/fxpayglobal
✅Facebook: https://www.facebook.com/fxpayglobal
✅Reddit: https://www.reddit.com/r/FXPayGlobal/
✅Telegram Group: https://t.me/fxpayglobal3
✅Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3851151
✅Whitepaper: https://fxpay.io/pdf/FXPAY_V.1.4.pdf
✅Twitter: https://twitter.com/fxpayglobal
✅Facebook: https://www.facebook.com/fxpayglobal
✅Reddit: https://www.reddit.com/r/FXPayGlobal/
✅Telegram Group: https://t.me/fxpayglobal3
✅Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3851151
Author of article:
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
✅Bitcointalk username: Erik_Smuel
✅Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2020517
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