When the individual trader wishes to exchange one currency for another, a fee is incurred which currently ranges between 5-7 % of the total transaction amount. having to save cost of transaction fees more than 80-90% from each potential investment opportunity is largely unattractive to investors and reduces the viability of many investments. Barriers to enter the Forex market act as a deterrent to the novice investor.
By introducing blockchain technology to the Forex market, FXPay is able to address inefficiencies in the market that, until now, have not had a solution. By offering a digital currency to brokers and traders, FXPay provides a medium through which to effortlessly convert fiat currency into FXP tokens.
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