Payment processing that will change the banking world
Blockchain is a system of a distributed database. In particular, this technology operates a database of transactions made in bitcoin, one of the most widely used cryptocurrencies in the world.
According to some experts, the technology allows to significantly optimize the costs of business and the state. Indeed, more and more people are praising the blockchain. Each of them is convinced that the blockchain technology will change the world. In any case these people are right. The world is already changing at an incredible rate. Blockchain is discussed by everyone starting from housewives to presidents. Blockchain is being introduced not only into various industries but also into the banking world, which fiercely resists this new technology. But those who will defend the old foundations to the last, will eventually lose. There is no getting around it - it is "evolution".
Nowadays one can find examples of companies that began to change the industry completely. For example, CREDO challenges all banks by providing factoring services. To be more precise, it offers entrepreneurs to refuse loans, in exchange for the obligation to buy the entire consignment. And it also gives the opportunity to ordinary people who connect their bank card to the system to purchase this product with a significant discount.
CREDO also implements blockchain into its working system, which has been tested in Russia, in Karelia. That will provide the company with clear and open payment processing, and will also attract investors through the ICO. Each investor can become the owner of his own bank, as he will be guaranteed to receive his commission for every transaction.
As a result, everyone benefits, except for banks. Trying to preserve the financial system in which they have the upper hand, they miss valuable time. But the principles that blockchain is based on allow us to assume that in the distant future all data will be transparent and unchanged, and any action and any object will be digitized. Perhaps, someday this ideal future will really come and such companies as CREDO are making it possible.
Blockchain is a system of a distributed database. In particular, this technology operates a database of transactions made in bitcoin, one of the most widely used cryptocurrencies in the world.
According to some experts, the technology allows to significantly optimize the costs of business and the state. Indeed, more and more people are praising the blockchain. Each of them is convinced that the blockchain technology will change the world. In any case these people are right. The world is already changing at an incredible rate. Blockchain is discussed by everyone starting from housewives to presidents. Blockchain is being introduced not only into various industries but also into the banking world, which fiercely resists this new technology. But those who will defend the old foundations to the last, will eventually lose. There is no getting around it - it is "evolution".
Nowadays one can find examples of companies that began to change the industry completely. For example, CREDO challenges all banks by providing factoring services. To be more precise, it offers entrepreneurs to refuse loans, in exchange for the obligation to buy the entire consignment. And it also gives the opportunity to ordinary people who connect their bank card to the system to purchase this product with a significant discount.
CREDO also implements blockchain into its working system, which has been tested in Russia, in Karelia. That will provide the company with clear and open payment processing, and will also attract investors through the ICO. Each investor can become the owner of his own bank, as he will be guaranteed to receive his commission for every transaction.
As a result, everyone benefits, except for banks. Trying to preserve the financial system in which they have the upper hand, they miss valuable time. But the principles that blockchain is based on allow us to assume that in the distant future all data will be transparent and unchanged, and any action and any object will be digitized. Perhaps, someday this ideal future will really come and such companies as CREDO are making it possible.