As a new level of digital transformation takes place in the world, it has become vitally important to realize that the way that the financial sectors conduct transactions is undergoing a new level of digitization. With TraXion, therein lies a tremendous opportunity to cultivate this new financial revolution to help bridge it to society and the world at large. Here are three prime examples to showcase different industries that will be affected by these massive changes.
TraXion will power producers’ financial systems, solving their woes in terms of finance — in payroll, employee benefits, and transfer of value from one department to another, value chain, and supply chain — logistics from production to merchant. This is a valuable proposition to producers as they can now solve many various issues within their specific financial systems. For example, a farmer could use TraXion’s systems to help better track the amount of funding he receives from his crops that he sells. Not only would he be provided a unique wallet solution, he would be able to acquire a number of services with his funds as well.
The next discussion will focus on overseas workers:
For overseas workers, TraXion is eliminating huge costs on remittances so that their families back home can receive more of the money. These families won’t have to worry about overseas payments as well since conversion is not at all an issue with cryptocurrency and with TraXion’s own native token. In addition, TraXion’s platform is easily accessible on smartphones and thus minimizes costs to only a small fraction. For example, let’s take the case of a worker who is operating in a foreign country. With TraXion’s platform, he would be able to send a designated portion out of his salary back to his family in his native country and do so in a way that is much more cost-efficient than other methods. In addition, the worker would not have to step foot inside a bank to make this transaction occur, adding an entirely new layer of convenience. And whenever he opts to top up the assets in his wallet, TraXion establishes ties with merchants and banks to do Money In-Money Out services.
Lastly, the discussion will focus on the unbanked sector:
For the unbanked sectors of the world, access to all financial services in order to live a more fulfilled life will be granted. With complete access, one can ensure his/her family with comprehensive, affordable and flexible health care packages. In addition, they can invest in real assets to increase wealth, have their properties insured for security, pay seamlessly, and also access lending services. All of this will be done with TraXion’s platform. For example, a unbanked person wishing to seek a new healthcare plan can not only find various plans to fit their needs, but also pay for these services without having to utilize a bank account or credit card to purchase a plan.
Overall, TraXion presents a tremendous amount of opportunities to many different aspects of the world at large and will do so in a way that promotes the greater good for everyone across the globe.