Bloсkchain improves trading banks operation
Existing payment systems have problems — their structure is constantly expanding, because of which complexity increases and #security decreases. For these reasons, regulators seek to control and maintain the performance of channels, network nodes and data centers. In the world, solutions are being created to automate monitoring systems and expand banking services. There are international registry systems AML (Anti-Money Laundering) and #KYC (Know Your Customer), but their use in banks is problematic due to lack of access to real-time information.
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Transition to the Open Banking (OB) system, one of the most popular trends today, will help make information accessible. OB is a system based on the use of API technology — a software interface from a set of open functions and structures provided to application developers or services for the financial sector. OB coupled with the API allow #banks to open access to their systems. In this way, third parties gain access to their data in a secure manner.
To create such a system, banks in many countries use blockchain #technology, which helps to collect and securely store all data on payment transactions and minimizes the need for transaction confirmation from a #payment operator.
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One of the most promising technologies in the field of rejection of “physical” money is considered to be blockchain, which makes transactions more secure and allows direct financial #transactions without intermediaries.
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𝗢𝗞𝗦𝗖𝗛𝗔𝗜𝗡 creates a #financial ecosystem that should bring together millions of users. To create such an ecosystem, blockchain infrastructure is required that is able to conduct a large number of transactions in a short time and with low commission fees. OKSCHAIN developers chose the #Stellar blockchain running on the SCP protocol to achieve this. Fork Stellar will be used to create the OKSCHAIN payment system and ecosystem blockchain infrastructure. Third-party services and partners can connect to the OKSCHAIN ecosystem through the API.
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Legal entities that have signed a cooperation agreement with 𝗢𝗞𝗦𝗖𝗛𝗔𝗜𝗡 can accept/send payments in #digital currencies. 𝗢𝗞𝗦𝗖𝗛𝗔𝗜𝗡 is integrated with your service, website, and online store using the API merchant. When paying, the client simply enters the card and payment information in a special form, after which the money is debited from his account and redirected to the company account. These merchant accounts are used in all types of online trading. The service is in demand by online stores, forex #brokers, cryptocurrency exchanges, interactive casinos, dating sites, online gambling, investment companies, and this solution is also in demand during #crowdfunding companies.
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⚙️ 𝗪𝗲𝗯𝘀𝗶𝘁𝗲 — https://okschain.com/en/
⚙️ 𝗟𝗶𝗻𝗸𝗲𝗱𝗜𝗻 — https://www.linkedin.com/company/okschain
⚙️ 𝗧𝘄𝗶𝘁𝘁𝗲𝗿 — https://twitter.com/okschainfintech
⚙️ 𝗥𝗲𝗱𝗱𝗶𝘁 — https://www.reddit.com/r/OKSCHAIN
⚙️ 𝗧𝗲𝗹𝗲𝗴𝗿𝗮𝗺 𝗴𝗿𝗼𝘂𝗽 𝗘𝗡 — https://t.me/okschain_en
⚙️ 𝗧𝗲𝗹𝗲𝗴𝗿𝗮𝗺 𝗰𝗵𝗮𝗻𝗻𝗲𝗹 — https://t.me/okschain_an
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