
Solving Crypto’s Biggest Problems
Powered by EOS blockchain technology, the Platio platform is set to make cryptocurrency a trusted means of payment worldwide.
Cryptocurrencies have tremendous potential to transform the economy. They enable faster payments, greater financial inclusion and can add functionality to all kinds of transaction. For the first time a truly global economy is in sight, one where national borders are meaningless and world citizens can transact with each other directly, quickly, and cheaply.
However, for all the benefits of cryptocurrency, some of its features are holding it back from being used by regular people and businesses. Unless the marketplace can find solutions for these issues, cryptocurrencies will struggle to achieve widespread adoption.
Looking to solve these issues is Platio, an international fintech project headquartered in the heart of London’s financial center. Platio is regulated as an Authorized Payment Institution by the UK’s Financial Conduct Authority, holds relevant EU licenses to conduct cryptocurrency operations and is authorized in over 30 countries worldwide.
Patio CEO Dima Okhrimchuk believes that,
“All financial assets will be tokenized and run on Blockchain. This is a revolution and it will completely transform the international financial system.”
For that to happen the issues holding back crypto-adoption must be addressed. Platio’s Smart Banking Ecosystem aims to solve those problems.
Crypto and Commerce
For cryptocurrencies to function as money they must be useable as a means of exchange. In the increasingly online economy, crypto lags behind fiat currency as a way of paying for goods and services. Though fast transaction speeds and no third party intermediaries sound great, they cause problems for both buyers and sellers.
The chief issue here is settlement risk. Once a customer has paid for a product in cryptocurrency there is no guarantee that the seller will deliver the goods or services. To combating this problem Platio is developing its Smart Escrow product. Powered by smart contracts, a buyer’s funds are held in escrow until a deal is completed to both parties’ satisfaction.
Crypto Security
Anxiety around private keys also holds back cryptocurrency adoption. Private keys should reassure users that no one else can access their funds but potential users are worried about losing their keys, and then losing access to their assets. 4 million bitcoin, worth over 26 billion dollars have been lost this way, and will never be recovered.
Platio are developing their Asset Guard product as an innovative way for their customers to protect their funds from loss. Users can set up their accounts so that if they’re not touched for a selected period of time, their balances will be automatically transferred elsewhere, in either cryptocurrency or fiat.
Platio Smart Banking Ecosystem will provide an innovative solution for the crypto world’s main challenges. Powered by EOS blockchain technology, and including its Smart Escrow and Asset Guard products, the platform will increase confidence in crypto as an asset and drive its global adoption.
To learn more, please visit Platio.io.
Platio Roadshow in Europe and Asia
The Platio team will be holding a roadshow in Europe and Asia over the coming weeks and months.
- Sep. 3–5 London, UK World Blockchain Forum
- Sep. 5–11 Berlin, Germany Berlin Blockchain Week
- Sep. 19–20 Singapore Consensus Conference
- Sep. 26–27 Kuala Lumpur, Malaysia Blocfest
- Sep. 28–29 Tokyo, TEAMZ Business Summit
- Oct. 26 Singapore, CryptoExpo
- Oct. 29-Nov. 2 Hong Kong+ Shenzhen, China FinTechweek
- Oct. 31 Seoul, Korea 15th BC Symposium (SYNCO)
- Nov. 26–27 Bangkok, BeyondBlocks
- Nov. 29–30 Singapore, BlockShow Asia 2018
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