🔵Bixtrim offers Solutions of the existing problems in #CryptoWorld, That’s why we believe that Bixtrim has all the chances to become the leading company in this industry.
Problems and Solutions Offered By BixtrimToday, the cryptocurrency market has a rather narrow specialization for a still small group of people, and since the market is still only on the development stage, there are a number of problems that prevent this market from becoming wider. Bixtrim offers Solutions of the existing problems in CryptoWorld, That’s why we believe that Bixtrim has all the chances to become the leading company in this industry.
1. The long process of withdrawing and converting cryptocurrency into fiat moneyThe process of withdrawal and conversion of cryptocurrency into fiat money takes several working days both at medium and large crypto-exchange platforms. At the same time, not all sites support work with fiat.
Bixtrim will use the entire network of existing and planned branches to provide easy access to currency and cryptocurrency to all interested parties within a few minutes.
2. Low liquidity of cryptocurrencies and lack of fiat assetsMiners and early investors of successful ICO projects believe in the growth of both the value of popular cryptocurrencies and the market as a whole. For them, selling crypto assets today is a potential loss of profit tomorrow.
As part of the Bixtrim platform, a Bixtrim Crypto Pawnshop is developed, in which the platform acts as a lender, and the owners of cryptocurrencies can lay their assets for a certain period of time and get them back after fulfilling financial obligations. This will give customers the opportunity to keep their crypto assets and get the necessary short-term funds at the same time.
3. No possibility to trade on a predetermined datebased on the latest analytical reviews, at the moment traders can only work with futures contracts for some popular cryptocurrencies: Bitcoin, Litecoin, Bitcoin Cash, Ethereum, Ethereum Classic.
Some exchanges deliberately overstate the minimum contract size.
The Bixtrim Exchange Service supports futures contracts of a large number of cryptocurrencies and altcoins. Each platform user can use this feature to conclude futures contracts, in which one of the cryptocurrency or cryptocurrency token supported by the platform is an asset.
4. Limited number and slow timing of transactionsExisting solutions have low transaction speed and long confirmation time . This complicates, and sometimes makes it almost impossible to effectively use them.
The Bixtrim Platform develops its own cryptocurrency (Bixtrim Coin) with the ability to process at least 100,000 transactions per second through the use of Directed Acyclic Graph (DAG) technology.
5. Single-factor authenticationPractically all stock exchange platforms today have confirmation of transactions for I / O and it occurs using one-factor authentication — a private key with one signature. During the first registration on the platform, the user is assigned only one unique private key. The safety of this process is not optimal.
The Bixtrim Coin, as well as most operations on the Bixtrim platform, will be protected by a special function called the multifactor authentication.
6. Guarantees for prepaid dealsExisting cryptocurrencies do not support many-sided deferred deals, which means that cryptocurrency owners are not secured when they want to receive certain products/services and have to pay for these in advance.
Issuing a cryptocurrency, which supports the exclusive and innovative escrow feature. The coins issued by Bixtrim will have an option where the third party, independent, predetermined or randomly chosen principal will secure the transaction. Although, if transactions are made via Bixtrim, our system will guarantee that the transaction will be protected. The Principal will not be able to make any other transaction of coins and will only be able to make an obligatory transfer to the seller or buyer after a period of time. This will be called the ‘unprecedented service’ — a new term in the cryptomarket.
7. Limited connection of crypto market with retail marketHowever, the current technological solutions of the market can not satisfy the consumer’s interest in retail sales fully. One of the reasons for this is the lack of a convenient and common way of payment — a universal payment card, tied to a cryptocurrency asset. Because of this, there is a gap between the market of cryptocurrency trading in the mass retail market.
We will issue a revolutionary payment card, directly linked to the cryptocurrency Bixtrim Coin and other cryptocurrencies. The consumer will be able to pay in the online store, use the card at ATMs and PoS terminals while having high limits on withdrawal. In addition to online purchases, the buyer will also be able to access online purchases around the world.
8. High taxation when converting cryptocurrency assets to FiatIncome tax in European countries and in the territory of the former Soviet Union is quite high. In order to make payment or legally cash out the cryptocurrency in these countries, the user is obliged to pay the tax.
The Bixtrim payment card will solve this problem. The withdrawal of funds through such a card does not imply a taxation. For example if the user exchanges cryptocurrency in Germany and transfers money to his bank account — he is sure to write o taxes. But, if such a user has a Bixtrim plastic card, he can avoid the need to pay taxes. Bixtrim users will not have to worry about excessive taxation when paying for purchases from their cryptocurrency account via the Bixtrim Plastic Card.
Would you like to learn more about Bixtrim?Read our full Whitepaper, for the full details and insight.
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