DEXA COIN: REVAMPING THE MONEY TRANSFER SYSTEM AND REMITTANCE USING BLOCKCHAIN PATTERNS

A.The Dexa Coin APP

The Dexa coin App with its advanced technology, smoothly connects two parties within the Eco-System to make the whole experience of money transfer hassle-free. Here are some of the unique features that gives DEXA COIN its competitive edge:
Sending and Receiving money across the globe:
Our simple user interface will ensures that our system is easy to use. Anyone with a smartphone and an internet connection will be able to make local international money transfers using Dexa Coin.
Instant Payments:
Going out for dinner? Putting fuel in the car? Picking up coffee for your team? Dexa Coin can be used anywhere that accepts contactless payments. Our NFC and QR Code payment technology will offer complete versatility for making transactions in many countries at any time.
Integration with your bank account:
We will offer seamless integration with most bank accounts . Linking the APP to your bank account will allow the user to connect the APP to their payment card . Example (Visa or Mastercard)
Security:
We recognize that online security is a priority for our users and we are committed to ensuring that our platform will offer complete protection. Blockchain technology ensures security is robust and will be supported with a range of measures to ensure the safety and security of every user’s digital wallet.
Privacy:
Apart from the extensive security features in the app, privacy protection is also an utmost priority. The instant messaging feature will have end-to-end encryption, which limits the access of any third party and ensures the messages remain private between both users . The app will further be equipped with an attribute which detects and counters any unauthorized access in payment transactions.
Instant messaging Feature:
This feature gives Dexa Coin a unique, competitive edge. Instant messaging is a social feature which allows the user to communicate with people they are sending money to or receiving money from. The user will receive and deliver updates regarding their transfers.The feature can also be used for various personal reasons. It is especially helpful for business owners who want to maintain a business relationship with their clients or need to stay in touch with multiple clients simultaneously regarding various payments. It provides an unmatched level of communication to its users which cannot be achieved by any other platform.
Problems with Traditional Methods
Imagine you have to send money from one place to another. Lets take US for Example? If you have to send $100 to a friend in the US. How much do you think he will receive? It is not easy to guess because of the several hidden charges that money transferring companies apply. There are numerous hidden charges along with deductions due to the exchange rates. In addition to their high commissions, there are other factors which make the whole experience regretful. These factors include the organization’s structure, rules, regulations, and overall pricing. Apart from these elements, these “Money Transfer Operators” do not offer the level of privacy and security demanded by customers due to sensitive financial information and dealings.
Below are a few of the fundamental drawbacks of traditional money transferring methods
More Expensive:
The traditional money transfer methods are usually more expensive.
Time-Consuming:
The conventional methods of money transfer are time-consuming due to the presence of middleman in the process. Not to mention the time which is wasted in filling up the money transfer forms and the entire procedure to prove one’s identity every time you have to send or receive money.
Limited Accessibility:
The money transfer companies and banks offer services for a limited number of days and hours per day. They do not offer 24/7 service. Furthermore, they are closed on several holidays and all weekends. This make things difficult in case of an emergency when you need to send some money across during the non operating hrs or during public holidays.
High chances of fraud:
Over recent years there has been an increase in the number of frauds with scammers gaining access to the control & tracking number.
Conclusion
To sum it up, traditional money transfer methods fail to catch up with the technologically advanced world of money transfer needs. They are slow, unsafe and expensive. In contrary, Dexa Coin with blockchain as its backbone technology provides a perfect, safe, fast, and much cheaper solution to all the money transfer problems and requirements. It further goes a step ahead and provides a unique feature to its users, i.e “Instant Messaging Feature” which allows its users to stay in touch with friends & family for personal Or professional purposes. Hence, Dexa Coin with its efficient and innovative new features is all set to revolutionize the world of money transfer & remittance needs.

Website: https://dexacoin.net/

Telegram Group: https://t.me/dexacoin

Whitepaper: https://dexacoin.net/#whitepaper

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Twitter: https://twitter.com/DEXA_COIN

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