INTRODUCTION
Financial unfairness has been one of the key issues a lot of individuals around the world have most times suffered from due to many unfavourable government policies. These policies are part of the reason why there have been a lot of uprising in that regard in order to create proactive ways of boycotting these measures.
Only recently, a bank called DCB bank ltd, a private commercial bank was chosen by an emerging and well thought out crypto project called Xinfin in order to help provide solutions to many of the issues currently encountered by most insurance companies around the world. And in this collaboration, the blockchain technology serves as the major tool for propagation.
All transactions carried out on xinfin are being accurately recorded on the Xinfin network for everyone to see, all for the sake of transparency and fairness.
Major benefits of the DCB bank to Xinfin
As we must have known, one of the eye catching features of xinfin is its usage of the smart contract protocol which is deployed in crypto banking for a number of reasons that includes currency conversion, contract binding between parties, and automated fund transfer from borrowers to lenders of loans. So among the numerous benefits of this partnership, we will be taking a look at few below:
with the integration of smart contract technology, DCB enables end to end automation of payment, efficient risk management, model automation and by this method, the cost of operation is being drastically reduced.
transparency is also another very key and prominent feature of the Xinfin platform, so therefore all data and transactions on the DCB platform can easily be analysed and verified by third parties such that everyone will be satisfied and convinced about all transactions carried out on the platform.
since the platform is integrated on blockchain in a decentralised manner, it means the platform remains accessible to users from all around the globe, enabling access to a wider audience and as a result creating a huge market for micro loans.
the decentralised nature of the platform makes it very safe, convenient and cheap for the general public.
Summary
Xinfin is out to change a lot around as far as global finance is concerned. The platform aims to solve every issue associated with loans and insurance such that all parties involved will be served a fair deal. You should get in touch with this platform if you haven't.
FOR MORE UPDATES AND INFORMATION ON XINFIN, PLEASE CHECK OUT THE LINKS BELOW
WEBSITE : https://xinfin.org
TELEGRAM : https://t.me/xinfin
MEDIUM : https://medium.com/xinfin
TWITTER : https://twitter.com/XinFin_Official
LINKEDIN : https://www.linkedin.com/company/xinfin/
YOUTUBE: https://www.youtube.com/channel/UCQaL6FixEQ80RJC0B2egX6g
GITHUB : https://github.com/xinfinorg
Author's details:
Email: [email protected]
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