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Malta-based EZ365 launches an integrated blockchain platform. For the time being, the platform combines three services: a cryptocurrency exchange (EZ Exchange), which manages fiat currencies and credit cards, an online casino, sports and e-sports betting department (EZ Win), and an educational section (EZ Academy) , where blockchain will be learning materials and other information shared by the community, writes VentureBeat .
They promise bank-level security
The platform provides a high level of security and customer support so that prospective customers can feel safe and comfortable in every way. All of this is an important factor, according to Russell Korus , founder and CEO of the EZ365 , so that people can finally experience the potential of the technology. Most of these services - e.g. cryptocurrency exchanges - complex interface, very poor user experience and generally no customer support. That is, anyone who does not lubricate the blockchain is excluded.
The EZ Exchange will be launched first in September. Initially, only three cryptocurrencies (bitcoin, ether, stellar) can be traded, but they are constantly expanding the range of supported digital money. The interface manages credit card transactions, so you can buy cryptocurrency from official money. The upgraded version, which app. they want to appear two months later, they are already supporting wire transfer and will be able to be transferred not only between cryptocurrency wallets but also from bank account and account.
The online gambling platform is scheduled to launch in the first quarter of next year. Here bets can only be made in bitcoin, but due to EZ Exchange integration this will not be a problem. The customer can convert their money or cryptocurrency to bitcoin immediately upon receipt. You can bet on football, boxing and cricket to almost all kinds of sports and competitions.
The EZ365 platform blockchain experts and an out-and IT infrastructure and security experts put together, who gained experience in global capital markets firms - says the company (of course these sayings deal worth with reservations, because as the leaders of the only security manager, Michael Caravetta worked in finance, was head of IT security at the Toronto Stock Exchange).
Based on the promises, a redundant system with very high fault tolerance and availability was put together. It is certainly a novelty that the platform wants to comply with almost all capital market rules, including customer identification requirements, anti-money laundering and anti-terrorist financing rules. They have also begun to obtain the ISO 27001 Information Security Certificate to be the first cryptocurrency exchange to meet the security requirements of conventional stock exchanges and financial institutions.
The company is issuing 200 million tokens to further finance the developments. However, ten percent will be used for various promotional discounts: for example, switch commissions, free play on EZ Win.
By 2023 this market will grow enormously
Going fast will get great opportunities in the blockchain market. This is also suggested by a recent IDC forecast that, by 2023, spending on blockchain-related solutions will increase by an average of 60 percent a year. This year it is expected to be $ 2.7 billion, up 80 percent from 2018.
The research firm is basing all of this on the fact that, according to its surveys, previously launched pilots have arrived and it is becoming increasingly clear to market players what the opportunities are in technology. While there are still regulatory uncertainties, its benefits in financial services, identification (person and product) and commerce appear to be increasingly evident.
What's encouraging about the EZ365 is that, according to IDC, it is the financial sector where technology is the fastest way to prove its worth. Approx. one third of this will take place in this sector, with cross-border financial transactions primarily based on blockchain.
The conclusion of IDC's research is very similar to what EZ365's executive told VetureBeat: it's not the cryptocurrency that's interesting, it's just a tool. The point is the distributed ledger technology behind it, which can provide a user-friendly and efficient solution to many of the business problems that are already in existence and imminent.
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By satriani78
