The BridgeX Network is that the framework for a monetary scheme of decentralized credit, conversion and payment solutions, sanctionative crypto-to-crypto collateralized loaning and borrowing, crypto-to-fiat currency conversions and cross border payments. The network can unite the complete spectrum {of monetary|of monetary|of economic} services players within the blockchain trade and open new opportunities for ancient financial institutions/ services to enter and participate during this new world economy. Any third party measuring instrument or distributed app (DApp) developer will leverage the facility of the BridgeX Network to supply new services on their existing platform or produce DApps/ Apps on the network that solve real-world monetary desires.
At the guts of the BridgeX Network lies BridgeX Core. It contains a set of with-it good contracts hosted on the Ethereum blockchain associate on-chain loan matching service, associate on-chain loan chase service associated associate oracle that collects off-chain knowledge for the loan contracts – and an integrated money management module, BRIDGEP, that provides off-chain solutions for crypto-to-fiat conversions and cross-border payments.
The BridgeX Network is that the framework for a monetary scheme of decentralized credit, conversion and payment solutions, sanctionative crypto-to-crypto collateralized loaning and borrowing, crypto-to-fiat currency conversions and cross border payments. The network can unite the complete spectrum of economic services players within the blockchain trade and open new opportunities for ancient financial institutions/ services to enter and participate during this new world economy. Any third party measuring instrument or distributed app (DApp) developer will leverage the facility of the BridgeX Network to supply new services on their existing platform or produce DApps on the network which will contribute to resolution real-world monetary inclusion issues.
The BridgeX Network can comprise of 3 main components:
- BridgeX Core
- BridgeX Platform
- Third Party Integrators
BRIDGELoan may be a decentralized crypto loaning marketplace giving crypto-to-crypto loans, wherever new opportunities are created for lenders seeking access to associate untapped and burgeoning digitally savvy market phase and wherever borrowers are able to leverage their crypto assets by pledging them as collateral to secure liquidity. All loans are over-collateralized. Engineered on the Ethereum blockchain and supercharged by BridgeX Core, BRIDGELoan permits lenders and borrowers across the world to attach and deal during an absolutely machine-controlled, cryptographically secure and clear manner.
BRIDGEConvert and BRIDGESend work seamlessly along at intervals the BRIDGEP module to supply crypto-to-fiat conversions and cross-border payment solutions. Over thirty major rescript currencies are supported with access to over one hundred eighty countries, leaving a) loans originating within the blockchain house to be localized in rescript, or b) its freelance preparation as a comprehensive finish to finish money management resolution for users’ blockchain quality portfolios.
Today, most banks and monetary establishments hold ancient assets like property, land and gold as collateral for his or her loan and finance services. Even with a complete market capitalization of USD three hundred billion and rising, cryptocurrencies stay associate unrecognized quality category by the normal national economy.
Cryptocurrencies are presently being listed during a world of their own. For holders to unlock their cryptocurrencies for rescript currencies to form necessary international payments isn’t solely difficult, however conjointly pricey. This is often very true for firms that have simply control a token sale. With the funds raised in their ICO campaign, they have to form payouts for his or her selling and PR value, legal fees, development work, and so on. On high of that, they conjointly need rescript currencies to sustain their regular operations.
For More Details of BridgeX Network:
Official Website: https://bridgex.network
White-Paper: https://bridgex.network/180827%20BridgeX%20Network%20Whitepaper.pdf
Telegram: https://t.me/bridgexnetwork
Twitter: https://twitter.com/bridgexnetwork
Bitcointalk Thread : https://bitcointalk.org/index.php?topic=5024373.0
Post By Anton De Mel
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1770640
