It has been affirmed in many quarters that the longevity of cryptocurrencies so to say depends on two factors. The first is the traders’ mastery of the market. The second and most important depends on the cryptocurrency exchanges’ ability to provide robust features and architectures for scaling trades. That has not been the case in recent years. That informed the reason why many platforms have in the recent years, came up with novel solutions aimed at addressing the many challenges facing the cryptocurrency exchanges.
INTRODUCING DACX
I’m pleased to introduce the DACX cryptocurrency exchange. The platform has among many features, the anti-money laundering policy that restricts the excessive movement of funds. There are also the several types of orders (Market Orders, Limit Orders, and Stop Orders), as well as the multiple security features in place. When all those are delegated, there would be no denying that the DACX exchange would be one of the most robust cryptocurrency exchanges.
Those features notwithstanding, the platform still has many other features to offer. The most significant among them is the cross-border remittance. For a long time now, cryptocurrency investors have been looking for feasible ways to send both money and digital assets across the borders. Although the likes of Ripple (XRP0, and Stellar (XLM) are in place, the high fees and the lags attributed to them do not go down well with many cryptocurrency investors.
Now that DACX has ventured into the cross-border remittance market, we would look at the processes involved in the bolstering of the platform’s cross-border remittance prospects. Some of them are highlighted below:
Support for Fiat Currencies
It’s now news that cryptocurrencies have not been able to beat through the hassles of getting acquainted with the fiat counterparts. The restrictions from both the banks and the governments have been part of the reasons why the support for fiat currencies remains elusive.
That would not be the case anymore. The DACX cryptocurrency exchanges have been able to provide support for fiat currencies. Many angles are explored to achieve that. The first is the support for many fiat payment processors. That makes it ideal for the users to send money through any of the supported payment processors.
On the other hand, it intends issuing a debit card in the feature. If you have been bothered about using digital assets and cryptocurrencies for cross-border payments, you would now realize that this step is great. By the issuance of the dedicated DACX Debit Card, the users would be able to receive and make payments from anywhere in the world.
The third and most significant is the support it has for bank accounts in supported countries. That implies the support the DACX cryptocurrency exchange has for investors that intend depositing and withdrawing both fiat and digital assets from the platform.
CONCLUSION
You can now see that it is possible to send and receive money from any part of the world through a cryptocurrency exchange. DACX is a testimonial to that effect. So, if you have been wondering about how you can facilitate cross-border transactions using digital assets, then your best bet is to use the DACX cryptocurrency exchange to make that move.
USEFUL LINKS
Website: https://dacx.io/
Whitepaper: https://dacx.io/wp-content/uploads/2019/09/DACX_WhitePaper.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=5154783.0
Telegram: https://t.me/OfficialDacx
Twitter: https://twitter.com/dacx_io
Facebook: https://www.facebook.com/dacx.io
Medium: https://medium.com/@dacxinc
AUTHOR'S DETAILS
Bitcointalk Username: Kpelumo
Bitcointalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2576788