Isn’t it so absurd to underestimate the power of cryptocurrency in changing of the world financial ecosystem? I you will say yes to that question. Cryptocurrency so far has proved beyond all doubt that it’s unstoppable and as you all know me as a die-hard enthusiast of the blockchain technology, I am always very excited when I come across innovative projects that promises to make the world a better place for us all.
Not wasting too much of our time today, I am presenting to you another great project that is set to revolutionize the whole global payment system through the blockchain technology.
Before I proceed reviewing this project, I will like to quickly highlight the problems that are endemic to the conventional fiat payment systems globally.
These problems that are very common in fiat mode of payment includes;
- Dependency on third parties for transaction processing which delays transactions
- Expensive transaction charges by intermediaries which seems overwhelming at times
- Highly expensive conversion ration and charges when making international transactions
- Difficulties associated with management of fiat accounts which prone the account owner to fund loss if not managed effectively
- Lack of transparency by financial institutions.
Now that we are all aware of the issues being faced by the masses when transacting with fiat, we should also be aware that ever since cryptocurrency have being introduced into the world by Satoshi Nakamoto, we have started seeing tremendous changes as people are starting to reduce their dependency on banks and financial institution to make transactions.
Today I am glad to present to you AIGO platform which is also set to cause a great revolution in the payment system.
Introducing AIGO Platform
This is a blockchain based ecosystem with integration of smart contracts chain which will create a new payment standard for all businesses via decentralization.
On this platform, direct transfer of value between two parties can occur without passing through any intermediary as being witnessed in Peer-to-peer.
Through flexibility and easy use of credit card for blockchain technology, the team behind this project is determined to rebuild the global payment ecosystem.
A big issue that have been hindering the rapid adoption of cryptocurrency by the masses is largely because not all businesses and merchant accept crypto as a medium of transaction and as such, some people don’t see reasons why they should acquire cryptocurrencies since they can’t spend it in most malls. We can’t totally blame these businesses owners for not accepting cryptocurrencies too, most of them shy away from it as a result of the stressful payment gateways their fund passes through before they get their funds which looks cumbersome and tiring, however, this can be eliminated via the development of a crypto payment platform that can get rid of interactions with intermediaries before making payments.
The tools being used by the AIGO platform are basically 4 in number which are;
- A-card which serves as an ATM card that will allow fiat withdrawal and payment of bills without paying any fee
- A-store which is an AI-based marketplace that allows users to buy goods without conformation from the center
- A-wallet allows users to view account details and connect wallet to wallet. It will also enhance the interaction of bill payments between accounts
- A chain which will initially run on the Ethereum network but will integrate with other networks in future in order to create a flexible AI-payment chain.
This platform has all the needed potentials and professional team members to cause a revolutionary change in the payment industry, Also, it will start its presale in 8 days time, and it will be in everybody’s interest not to miss out on it and as I have always said, I don’t give investment advice; hence, I will also like you all to do your own part by making your findings before investing.
Until next time that I will bring more exciting review of the platform to you all, please check the links below for more information and enquiries regarding the platform;
Website
Whitepaper
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