Resolution to RBI Ban at Pexo💪
As per RBI guidelines, 5th July 2018 was the deadline given to banks to stop transacting with exchanges account. Lot of questions coming in What?s next?, What will be the next step of the exchanges to overcome RBI ban? How will Indian crypto community and exchanges will operate the transactions smoothly without any interruption?? Alright!! Pexo has taken all the heat of the questions and come to a resolution for the community.
📣Introducing Perfect Money on Pexo
PM(Perfect Money) is an e-currency which is known for secured money transactions. Its instant, fast, secured and allows the user to have a regular exchange.
How does PM work in Pexo?
PM is also an e currency like fiat. PM will replace fiat (INR) in Pexo and PM will take place i.e in USD($). Yes..Pexo will show USD rates of other cryptos too. Below are some brief pointers for how it works
? 1 PM is always equals to 1USD ($). (1PM = 1USD). Fiat Stable Currency🤑 Now no one has to pay the conversion charges dealing in USD.
? Pexo will accept PerfectMoney as a deposit and will credit the USD into your wallet
? Pexo will process the withdrawal request and give PM to their users on their requested account as per the USD balance in a wallet
? Referral amount will display in USD. However with our unique feature of withdrawing the referral amount, the user will get the same in PM on the requested account.
Where can I buy and sell PM and get Fiat currency?
You can buy PM from their official website
https://perfectmoney.is. Also, there are exchanges, dealers in India and around the world who buys and sells PerfectMoney. However, we strongly recommend doing your research before dealing.
When will Pexo accept deposits of PM?
Pexo will start accepting deposits from Monday 16th July 2018. Set up your PM account. Verify your KYC with Pexo. Be ready to explore Pexo.
Why not P2P or Crypto to Crypto trading or rather going International?
Well, we have reviewed the ways like having an escrow services and crypto to crypto trading, however the volume and interest of the community is not more than 4% resulting we have put ourselves in trader?s shoe and finally come into conclusion that no matter how much trading happens at the end of the day it should be cash out. Keeping this in mind we have introduced Perfect Money (PM) where the community can easily cash out anytime they want. As we believe that P2P trading is not reliable. Being an exchange its our responsibility to have your funds safe with us rather having disputes on payments and waste a lot of time of the community to get it solved.
Please contact
support@pexo.in for any queries or assistance.
Keep Pexing!!
Download Pexo :
https://play.google.com/store/apps/details?id=com.pexo
