exch.one
Cryptocurrency token servicing the purpose of fast, un-interrupted, fully KYC enabled transaction with the usage of blockchain technology with differentiated layer based access to separate levels of transaction information starting from the monetary value and transaction description to full stack of the accompanied transaction documentation (AML/KYC).
Why exch.one
Cryptocurrency token servicing the purpose of fast, uninterrupted, fully KYC enabled transaction with the usage of blockchain technology with differentiated layer based access to separate levels of transaction information starting from the monetary value and transaction description to full stack of the accompanied transaction documentation (AML/KYC). The usage of EXCH token in payment transactions by the regulated entities will provide them to additional or the only AML/KYC resource which in its turn is compliant with regulators world wide.
The reason for that is the complete documentation package hosted on the transaction body and is openly available to the network participants from any access point provided by the EXCH.ONE network such as secured WorldWideWeb portal. The EXCH.ONE Token monetary value is tied to real world best competitive fiat currency exchange rates provided by the existing currency exchange business EuroExchange Securities group.
Why BlockChain
The usage of the blockchain technology for this project is dictated by the fact that blockchain will be able to provide the necessary transparency, accessibility, speed and cost efficiency of the financial transaction flow.
By employing separated secured access to individual layers of the transaction information, such as KYC, transaction description, and additional info, blockchain technology will be able to provide necessary information to different financial market participants to the information which is accessed only several times in the current known world of the financial transaction processing, and most of the times collected again and again by participating regulated financial institution.
The EXCH.ONE currency exchange and transaction technology will make it possible to send funds from point A to point B with low transaction fee, not more than 30 seconds in transaction delivery time and fully transparent for the market participants, including the regulators.
EXCH.ONE Value and usage
EXCH.ONE token monetary value is tied to direct Exchange rates of the major FIAT currencies maintained by EUROEXCHANGE network.
Token will be freely available for purchase and sale on major Crypto Currency exchanges, as well as on the EUROEXCHANGE Crypto Currency exchange, which in its turn will provide necessary liquidity for the technology adoption The token is to be used as a transaction vehicle rather than as the store value asset. Multi-layer information storage in the token does enable its usage for following purposes:
- Fast cross-border Monetary value transfer
- Quick FIAT currency exchange offline and online
- Frictionless adoption of general public to the Crypto/Digital Currency markets
- Information vehicle for account opening and info updating with participating Payment institutions
- Payment system for accepting payments or use it a method for stored value accounts such as e-money accounts or prepaid card balances
- KYC platform for Regulated entities
EXCH.ONE Typical use cases
1. Cross–border Remittance
Regulated Remitter A (UK based) provides services for accepting cash over the counter with its further delivery in cash or electronic form to the recipient through services provided by Regulated Remitter B (Philippian based).
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2. Frictionless, fast and competitive currency exchange
Today if you need to change currency quickly, you have to find local cash bureau which in its turn will charge a fee on the top of the existing exchange rate, which is usually fixed once or twice a day.
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3. Cryptocurrency usage adoption by the general public
Today in order to transfer value into Bitcoin or other stored value cryptocurrencies Private individual needs to open at least one or several accounts with crypto currency exchanges or payment institution providing such services and transfer the initial value in FIAT currency via Bank transfer facilities or pay high commissions for the PaymentCard payment options.
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4. Token as a KYC/AML vehicle for account opening or information update in participating organizations
In order for a Private individual to open an account remotely in Payment institution, or to buy a prepaid card instrument, or to open an account in CryptoCurrency exchange, client has to undergo unique, but at the same time similar procedure in each different institution every time.
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