Everex Enables Friction-less International Value Transfers & Crypto Exchange Funding

Sending/receiving money and accessing credit across international borders is still a complex, slow, and costly process. Current money transfer systems incur hefty exchange rate losses, counterparty risks, and laborious paperwork. Besides that, banks notoriously charge sizeable fees and processing times can take as long as two-to-three days.

In an aim to eliminate these issues and ease the financial inclusion problem, Everex has created a blockchain solution for cross-border remittance, online payment, and currency exchange, without the problems that arise from existing and volatile cryptocurrencies. Everex’s stablecoin THBEX is powered by Ethereum smart contracts, as one of the main components of the Everex wallet app that allows users to make easier, seamless transactions.

EVX is the utility token of the Everex wallet which provides a fiat-to-cryptocurrency gateway, resulting in easier access to cryptocurrencies that allows users to instantly buy and sell tokens without the inconvenience of having to visit multiple exchanges. Additionally, the EVX token will grant holders a 50% discount on all fees occurring in the Everex ecosystem.

The funds in their wallet can then be swapped or sent to another Everex wallet in the currency of their choice, anywhere in the world. This means users can purchase foreign currency at the current exchange rate and with no extra fees, significantly reducing the cost.

The receiving wallet can withdraw the funds at an ATM, cash pick-up at local branches, or withdraw directly to a bank account with nothing more than a reference code. Currently, ATM and Cash pickups are available in selected Asian countries, with the plan to expand globally soon.

Everex achieves this by converting the deposited funds into ERC20 stablecoins which are then stored securely on the blockchain, thus protected against the crypto market’s price fluctuations. Furthermore, all transactions are fully transparent, immutable, and available for review by anyone at Ethplorer.

With Everex, not only will users benefit from immediate global transactions and significantly smaller FX and withdrawal fees, but additionally gain direct access to a wide range digital assets via the EVX token, as it’s listed on the most liquid cryptocurrency exchanges, including Binance, HitBTC, and Huobi.

Everex presents an unprecedented opportunity, by creating a global payment exchange for use in the real-world and a convenient fiat-to-crypto gateway to participate and profit from the world’s leading cryptocurrency markets.

To learn more, head to https://www.everex.io/exchange.