The Crypto and Financial Markets- Community Development of PAX PAGO
If individuals and institutions can transact directly at a significantly lower cost due to the removal of exchange middlemen, then there is less of a need for traditional banks and other controllers of the money game. Digital currencies and blockchain platforms are by nature in the business of putting financial overlords out of business.
Over 40 industry consortiums, mostly in the financial arena, are actively exploring blockchain use cases, developing rules and standards, and creating platforms for a range of financial activities including cross-border payments, asset management, and trading. A number of financial institutions are sharing the exploratory heavy lifting by funding or joining partnerships to chase and deploy opportunities for individual and joint cost savings, such as with lower inter-bank settlement fees. Many of these consortiums serve as a kind of financial international space station. All participants know that there are advantages to joint exploration and shared costs, but there is also competition at play in a still unexplored environment.
In the highly lucrative business of money transfers, global leader Western Union does not appear to be overly concerned about blockchain-based cryptocurrency money movement competitors. Upstarts in the crypto money transfer space advertise lower money transfer fees using bitcoin, but Western Union counters that the ease of use and ubiquity of their existing systems, and lack of customer demand for crypto-based systems, do not offer enough of an incentive to change course.
On the institutional investment front, hedge fund managers everywhere are racing to get into the digital currency game. Specialized crypto hedge funds now allow investors to put their money into a pool of existing and new cryptocurrencies. Hedge funds are likely to continue their lead in digital currency investments.
No doubt some legacy institutions are hesitant to try the new technologies at a time when existing systems still work and are profitable. They understandably want to see how other large companies and startups fare before making major investments of their own. But the writing is on the wall, especially since startups in the fintech world are nipping at their heels and driving the development of new, innovative solutions.
Another sector facing a real threat from cryptocurrencies and the new funding model they have spawned is venture capital. If issuing a token through an ICO can generate millions of dollars in only hours after a new token is offered for public purchase (a situation which is not uncommon), startups don’t need to jump through the hoops typically required to get VC funding. Furthermore, in the crypto-capital universe, blockchain startups don’t need to relinquish full ownership of their companies or worry about eventual shareholders bossing them around. Instead of demanding business plans, VCs may eventually need to develop a business plan of their own in order to stay competitive.
Community Development of PAX PAGO
We will not raise community capital for the PAX PAGO to develop technology or products. We really want to share the trading opportunity in developing countries in South America for the world community. When reality projects develop from the PAX PAGO, the value of the PAX PAGO will increase and be guaranteed by the need of PAX PAGO. In addition, we want to find members and communities who trust our project and co-develop the PAX PAGO in the future.
PAX PAGO’s main aim is to try to find people who are dedicated to seeing this project come to life. They’re really trying to create a movement that’s empowered and enabled by blockchain technology. But while the technology itself is nice, there will be nothing to it unless it actually serves the larger purpose of having a positive impact on the world. PAX PAGO has an ambitious goal. It’s the main aim to create a system that combines different opportunities for the community. PAX PAGO will develop services and ecosystems based on the roadmap. With each milestone in the roadmap is expected to affect the strong growth of the PAX PAGO value.