PDX Coin to Showcase the First True Crypto-to-Fiat Banking and Payment Platform, Bypassing Outdated Payment Systems
SINGAPORE, November 4, 2021 / PRNewswire / – PDX part announced today that it is developing a new global digital banking platform for the crypto-economy that will offer extensive crypto-to-fiat retail payment capability. The high-speed, bank-friendly payment platform offers a modern alternative to the traditional 70-year-old bank payment system that has hit merchants with high fees, long payment terms and risk of fraud. PDX Coin is currently offering the first pre-sale of its native currency token through the P2PB2B.io cryptocurrency exchange. The first exchange-led token sale will take place 1-14 Dec. 2021.
The PDX Coin payment processing architecture is completely new and the app will allow all major cryptocurrencies to become instantly liquid and usable in tens of millions of locations around the world; accelerate the opening of the crypto-economy to institutions, traders and other ecosystem partners around the world. The easy to use app will allow daily purchases using all major cryptocurrencies. PDX is targeting at least 250 million downloads globally by the end of the decade as the massive adoption of crypto continues to grow.
“We’re not in our twenties coding hoodies in the back rooms. We’re a very experienced group of financial executives committed to establishing a well-funded crypto-to-fiat payment and digital banking platform. where digital tokens are also partly backed by physical. active media, ”said Shane Rodgers, CEO, PDX Coin and its Singapore-based mother, PDX Global Pte. Ltd. “It’s time to finally use cryptocurrency and blockchain to disrupt the old global banking establishment and deliver a whole new global banking capacity that is fully inclusive and open to all.”
“As we move forward, we hope that the US government in particular will provide regulatory infrastructure to curb the ‘Wild West’ and encourage sustained growth so that platforms like ours can handle seamless and frictionless transactions,” secure and low cost, ”Rodgers continued.
For retail users, PDX will offer a main crypto and blockchain-based wallet to invest, store, spend, earn, lend, borrow and get paid in crypto assets. Unlike PDX, most other crypto-based payment efforts are crypto wallets that rely on existing financial infrastructure. While the current system is forcing store owners with exorbitant fees from several banks and other intermediaries, PDX Coin is a near instant peer-to-peer (P2P) network with no fees for intermediaries. Traders will also benefit from the addition of instant money transfer in their preferred fiat currency, with no float time.
With its full-service digital banking capability and advanced trading and custody technology, PDX will also provide a one-stop-shop for hedge funds, fund managers, businesses and individuals to access crypto markets.
The payments app will also be well suited to disrupt the global market for over $ 700 billion foreign worker remittances. According to World Bank data, since 2009, global cross-border payments have increased by more than 60%. However, according to PDX Coin, the old cross-border payment system made virtually no progress and no real improvement in technology, speed, costs and fees, quality of service and offerings. International money transfer companies charge up to 7-11% for people who can least afford it.
By using blockchain and decentralized finance (DeFi), PDX completely bypasses cumbersome and expensive legacy payment systems. “We will unleash the untapped purchasing power of major cryptocurrencies for the retail and remittance sectors,” Rodgers continued. “We believe that the best way to make global commerce more efficient and accessible is to make cryptocurrency usable everywhere. The penetration of the global crypto population in mid-2021 is only around 3%, but we forecast a 15-20% increase by the end. of the decade due to utility, ease of use, increased adoption of merchants and growth of infrastructure, as well as new products and services. “
PDX will also soon begin development of a completely new, fully decentralized and stand-alone blockchain protocol called “Siberia“which will deliver ultra-fast, low-cost and high transaction capacity with up to one million transactions per second. Among other benefits, the Siberia The blockchain protocol will eliminate so-called “gas” fees from blockchain platforms such as Ethereum. Once completed, PDX will migrate from the Ethereum blockchain to Siberia. Siberia the coins will be distributed as a dividend to all PDX Coin wallets.
About PDX Coin
PDX Coin is a global digital banking and payment platform designed as a ramp to empower hundreds of millions of retail users, institutions, merchants and vendors and other partners in the ecosystem around the world to participate fully and freely in the crypto economy in an instant. conversions and reduced fees. The upcoming payment app and banking services will allow all major cryptos to instantly become liquid and usable in tens of millions of locations around the world. PDX is also developing products and services in the DeFi and NFT spaces with plans to introduce by early 2024 a linked platform to trade tokenized shares of most publicly traded companies around the world, 24 hours a day. 24, 7 days a week, taking into account the required completion of regulatory compliance processes.
For more information visit www.pdxcoin.io.
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SOURCE PDX Coin