How PAX PAGO is helping Latin Countries with the power of Cryptocurrencies?

What is the main advantages of cryptocurrency exchange system? The concept is based on a decentralized platform that is on a blockchain technology which joins together to manage the database of all the transactions taking place. Thus, via a decentralized system, we can keep count of all the transaction and transparency is maintained.since the blockchain concept is highly encrypted via a technique called cryptography, tracing the path of the transaction becomes almost impossible. Hence, there is full anonymity and no risk or threat of theft. Therefore this system does not play with the trust of people. the transactions take place from client to client and thus are just a matter of seconds.No third party involvement and hence very low or no fees of transaction. Often the regular payment gateways or online payment do the transactions via a third party and charge high transaction fees. But such is not the case with cryptocurrency system.You can have your own cryptocurrency wallet and you can use it anytime and anywhere for any kind of payment very conveniently. Thus you are your own bank and geographical barriers are not a problem anymore.

One of the most common actions identified across the surveyed jurisdictions is government-issued notices about the pitfalls of investing in the cryptocurrency markets. Such warnings, mostly issued by central banks, are largely designed to educate the citizenry about the difference between actual currencies, which are issued and guaranteed by the state, and cryptocurrencies, which are not. Most government warnings note the added risk resulting from the high volatility associated with cryptocurrencies and the fact that many of the organizations that facilitate such transactions are unregulated. Most also note that citizens who invest in cryptocurrencies do so at their own personal risk and that no legal recourse is available to them in the event of loss.

Hyperinflation, poverty, lack of jobs, lack of access to banking, lack of capital, and poor access to markets are among the problems that altcoins can help people in developing nations solve. This will be achieved by giving everybody in the world access to modern banking and financial services through the blockchain.Cryptocurrency can solve one of the greatest problems facing people living in some developing nations: inflation. People in some nations are poor because their money is worthless. Corrupt or incompetent governments can make money worthless by simply printing too much of it.

There are now many entrepreneurs, economists, aid officials, and bankers who believe a combination cryptocurrency and mobile phones, will give the world’s poor access to the global economy.

PAX PAGO platform

As the Latin American country plunges ever deeper into its long-running crisis, Venezuelans are looking for an answer, with its flailing economy set to contract by more than 10% this year, bringing the total decline to about 45% in the past four years, according to the Center for Strategic and International Studies in Washington, D.C., a nonprofit policy-research organization.The PAX Pago platform will offer solutions to mitigate these challenges. The goal is to return liberty into the hands of citizens by opening new channels of commerce. PAX Pago is utilized as payment for items produced, products sold or services rendered. Our platform offers high-speed reliable transfer, and enables transparent information flow in addition to Combating problems of inflation, inefficient public services, and slow technological
advances. PAX Pago will be a medium of exchange.

PAX Pago will be a borderless payment and settlement platform. The project provides transparent transactions and will be a medium of stability in the event of economic turmoil. Independent from economic cycles, the project builds an ecosystem supporting the trading of goods and services.

As the platform progresses, there will be features introduced to further develop the overall growth of the ecosystem such as: Validation System, Point System. Currently, the platform has several existing core functions with the capacity to grow. More functions will be released as the stages of ICO progresses