PDX Coin — Full capacity physical and virtual financial organization worldwide.
The digital industry in the world continues to show its development. The impact of this progress brings innovation in the realm of digital payments (digital payments). There are various types, such as electronic money, digital wallets, and so on. Digital transaction trends also occur in a number of countries, including Japan, Singapore, Canada, England, South Korea, Malaysia, and the Philippines.
Now people, especially around the world, are getting familiar with non-cash payments. Various payment needs are now easier to do thanks to digital payments. However, the variety of digital payments in the world continues to develop from time to time. Okay let me introduce a project called PDX Coin, PDX Coin is the core of a worldwide computerized and installment financial platform which plans to enable a large number of retail clients, organizations, traders and environmental partners to participate effectively in the crypto economy with instant transformation.
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PDX Coin project details.
PDX Coin is an overall portion and mechanized monetary stage that is filling in as a section highlight enable innumerable retail clients, associations, vendors and dealers and other natural specialists all over the planet to completely participate in the crypto economy unequivocally and successfully. with change time and minimal expense. The impending portion application and banking organization will enable all major cryptos to be quick fluid and spendable in an enormous number of regions all over the planet. PDX is likewise making things and organization across the DeFi and NFT space with plans to convey by mid-2024 an associated stage for trading badge of most associations openly held around the world, the entire day, consistently,
PDX Coin is a digital currency that is at the core of a new robust banking and financial services ecosystem (the “Three Pillars” platform) based on peer-to-peer (ie no intermediary) encrypted and permissionless payments and money transfers, globally, that solves many problems. It is also positioned as the leading payment channel in the metaverse. PDX Coin holders will be able to make instant payments and transfers anonymously, and instantly, anywhere in the world, and their data will be stored on an immutable blockchain, making it indestructible, anti-theft and impossible for others to know without them. knowledge and consent.
PDX wants to make it easy, and not harder by introducing PDXPAY , PDXPay is the world’s first mobile payment program that allows users to spend coins instantly online and in stores. Convenience of use is very important. Crypto today is challenging. PDX has made it as simple as using a credit card. If crypto works as expected, ordinary individuals will be completely unaware that it is being used. Using PDXPay is very easy. At the point of sale, there is no need to carry cards, notes, insert or sign anything; no need to enter the amount; and no need to redeem or convert points. Every process has been automated. Once the consumer chooses which cryptocurrency to use in their wallet.
Here are four main ways that PDX Coin can convert cross-border payments.
1. LOWER TRANSACTION COSTS
If you're used to sending money overseas, you'll know how expensive these transactions can be. Banks in different countries do not always have direct relationships, and that means they often turn to intermediary financial institutions to facilitate indirect transfers. The intermediary bank charges a fee for their service, which is deducted from the total transfer amount, along with the money charged by the sending and receiving banks. The World Bank places the average total remittance fee at 7% of funds transferred.
Eliminating third-party facilitators can dramatically reduce the costs involved in cross-border payments. Instead of giving banks at the sender, middle, and recipient points of processing a portion of the funds in transit, crypto users will only pay the fees charged by the decentralized ledger technology operators.
The main selling feature for PDX Coin is that it doesn't require an intermediary to get from one point to the next. PDX Coin exists and is managed by an autonomous decentralized ledger called a blockchain, which executes and records transactions among network members in near real-time, real time.
2. FASTER PAYMENTS.
A McKinsey survey reveals that cross-border payments can take between three and five days to complete, and sometimes more if multiple intermediaries are involved. In addition, to settle each currency section, funds need to be transferred through the sending and receiving banks' domestic payment systems, the hours of which may vary across international time zones.
The Ripple blockchain, on which the company's cryptocoin XRP runs, offers a transaction time of just two seconds. On the Ethereum blockchain, Ether can be transferred within 15 seconds to four minutes. Even the Bitcoin blockchain, the oldest of the bunch, can confirm transactions within six minutes at the earliest and two hours at the latest.
The PDX Coin System eliminates third parties and ensures the money goes straight to the recipient, saving a lot of time. Once a payment is initiated on the blockchain network, a cryptographic validation process called hashing is initiated, lasting a few seconds, after which the beneficiary can directly access the funds.
3. ENHANCED SECURITY.
The current cross-border model involves multiple parties to complete a payment, most of which have different security issues and standards to deal with. The many points of contact create opportunities for cybercriminals to be exploited, and the lack of cooperation between institutions makes effective security practices impracticable for everyone involved in a transaction.
The destructive Bangladesh Bank heist in 2016 saw criminals use credentials obtained from the country's central bank to siphon off $101 million via SWIFT. Such incidents are nearly impossible in a blockchain-based cross-border payment system. The PDX network is decentralized and distributed over a peer-to-peer connection and synchronized across all devices at once. Therefore, the network does not have a single point of failure, and cannot be changed from a single computer.
PDX records on the cross-border blockchain will also be secured via cryptography, Sender and recipient will have a unique key assigned to the transaction they perform, and any changes to the transaction record will invalidate the key used. Therefore, any malicious activity will be immediately identified and stopped.
4. INCREASED TRANSPARENCY.
One of the main drivers of time and monetary losses in the current cross-border payment structure is the verification process. Before funds can move from one account to another worldwide, the banks involved must perform a series of verifications to validate payments, a process that causes delays and requires resources.
In a crypto-based cross-border payment system, compliance is significantly simplified. Public ledgers such as the PDX blockchain allow users to hide their identity while keeping their holdings and transactions open for all to see. With an explorer and a public address, anyone can view records of all related transactions and use them to validate user legitimacy. In a private blockchain, this access is restricted to network participants.
PDX Building Siberia Protocol network of new DeFi blockchain technology.
The team discovered that the Ethereum blockchain does not fit, and cannot achieve the objectives, as well as the demands and best interests of token holders and users in the long run, in terms of ease of use, transaction speed, transaction volume, and transaction pricing. As a result, the team is developing “Siberia,” a new DeFi blockchain technology. Siberia will help PDX achieve a number of goals, including easing its integration into the metaverse for the provision of various payments, DeFi, and banking services, as well as the development of entertainment, gaming, and gambling content. It will be based on the Proof-of-Stake consensus method. As a totally decentralized and independent blockchain, this new blockchain will sit on top of PDX and will be controlled by an outside authority. The team’s goal is to complete development and testing of the Siberian blockchain by late 2023, after which it will be deployed. At this moment, the PDX Coin will be transferred from the Ethereum blockchain to the new Siberia blockchain. This will provide PDX with far quicker transfer and transaction speeds at a fraction of the cost of ETH and without the requirement for a cumbersome “middleman” approach to conduct a transaction.
PDX Ecosystem.
The PDX project offers end-to-end financial transactions and other financial services to individuals and corporate organizations. PDX’s main target is the crypto space, to offer transparent financial services utilizing blockchain technology as the basic infrastructure.
The main features of PDX consist of native tokens, legal and regulated internal banking services, payment processing systems, and lastly, Crypto2Fiat payment services. The Crypto2Fiat payment system project has been integrated with all major cryptocurrencies, their digital banking systems and of course many crypto exchange platforms. All users, traders, investors and financial institutions will have easy access to the cryptocurrency market. Furthermore, PDX will offer better services to individuals and all partner corporate organizations. PDX will go a step further by enabling users to develop mobile applications and manage crypto networks on the Siberian Blockchain. The amazing part is that all major tokens will be transacted easily on the PDX platform and other payment applications.
Will PDX Coin Fill the Gap in Trade Finance?
Global trade is expanding exponentially, and to keep up, trade finance must leverage emerging technologies. PDX Coin offers efficiency, accuracy, traceability, transparency and security, while significantly reducing transaction costs.
This means that trade finance can be digitized without the need for a third party, and trading parties can easily track the movement of their assets without worrying about fraud or manipulation.
However, PDX alone will not fill the gap in trade finance. The technology's hard-coded features are bound to make processes more inclusive and available, but to take full advantage, the financial world needs to realign existing standards to drive mainstream adoption. The key to unlocking the potential of PDX is making sure it fits in the right place, with minimal additional costs or disruption to day-to-day business.
Simply put, integration is the single most important step in transforming the $8 trillion global trade finance sector.
Tokonomics.
Token Name: PDX Coin
Token Ticker: PDX
Network: ERC-20
Decimals: 18
Total Supply: 5 Billion
Contract: https://etherscan.io/token/0x6a8fee0E33Cb65a7E8D21BadCA62E87639ef74B3
Uniswap is the world’s biggest decentralized exchange, while XT.com has more than 3 million users and 30 million followers on social media. XT is one of the most popular exchanges in Asia, and is based in Singapore and Hong Kong.
The listing will include the first decentralized finance (DeFi) offering from PDX Coin. PDX Coin holders will be able to stake their PDX Coin tokens on Uniswapand earn a 12% APR with a minimum 6-month lock, and 15% APR for a 12-month lock, an attractive return in the current economic climate.
PDX Coin, a utility-based cryptocurrency that includes an in-development global crypto-to-fiat mobile payments app, announced today that it will commence trading on both the Uniswap decentralized exchange and on XT.com, from February 23. Currently, PDX trades on p2pb2b.io and Vindax.
https://p2pb2b.io/trade/PDX_USDT/
https://p2pb2b.io/trade/PDX_BTC/
https://p2pb2b.io/trade/PDX_ETH/
https://vindax.com/exchange-base.html?symbol=PDX_USDT
Team
Conclusion
PDX coin is one of a kind, integrating the Metaverse and Blockchain technology to provide an amazing immersive experience for users. The PDX payment application that is about to be launched in collaboration with the metaverse banking gives support to a wide range of cryptocurrencies for multiple uses. The PDX Coin installments handling engineering is totally new and the application will permit all significant cryptographic forms of money to turn out to be quickly fluid and spendable in huge number of areas all over the planet; accelerating the launch of the crypto economy to foundations, shippers, and other environment accomplices around the world. The simple to-utilize application will empower regular buys utilizing all significant cryptographic forms of money.
More information
Official website: https://pdxcoin.io/
Telegram group: https://t.me/PDXToken
Twitter: https://twitter.com/PDX_Coin
Medium: https://medium.com/pdxcoin
Medium: https://medium.com/@pdxcoin2022
Facebook: https://www.facebook.com/pdxcoin/
Reddit: https://www.reddit.com/r/PDXCoin/
Traded on p2pb2b: https://p2pb2b.io/trade/PDX_USDT/
Username: gomess1
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2643069
My PDX ERC20 Wallet Address on P2PB2B: 0x4868a8bdc04E70D0Fc5559AFe2C3af3e8e6EaD9b