INTRODUCTION TO TERNION : Bridging the gap between traditional and decentralized finances
Good day everyone,i would be writing about a very interesting project called TERNION,ternion is an hybrid cyptocurrency exchange with a fiat gateway and integrated merchant services.Today i would be writing about the following;
A) WHAT IS TERNION?
B) CHALLENGES TO CRYPTOCURRENCY ADOPTION
WHAT IS TERNION?
Ternion is a licensed cryptocurrency
exchange based in Estonia offering first class
fiat-to-crypto and crypto-to-crypto exchange
and payment processing solutions. Holding
a cryptocurrency license that will provide a
platform for institutions to interact with the
Blockchain, Ternion OÜ will launch a fully
functioning exchange platform during 2018.
The Ternion ecosystem is made up of three
pillars: Ternion Exchange, Ternion
Payments and Ternion Liquidity Fund.
*Ternion
Exchange
Supports Ternion Payments
First-class User Experience & Usability
24/7 Support, Security & Transparency.
*Ternion
Liquidity Fund
Provides Ecosystem Capital Risk Hedging
Sustains Ternion Exchange Trading Pool
Manages Ternion Payments Liquidity.
*Ternion
Payments
Accept Cryptocurrency, Receive Fiat
Regulated Financial Institution
Simple API Integration.
Ternion blends the security of traditional
financial platforms within the framework of
a cryptocurrency exchange. Ternion offers
contributors seamless transition between
the old world of fiat currencies and the new
world of Cryptocurrencies. As liquidity on
the centralized exchange increases, Ternion
Exchange will incorporate a decentralized
exchange (DEX) platform.
The Ternion Ecosystem provides a real
solution for all legal financial institutions
that are understandably nervous to utilize
the growing cryptocurrency exchanges, by
operating under a license [FVR000209]. This
license will allow institutions to safely operate
with cryptocurrencies. The Ternion Exchange
provides a simple, secure and diverse offering
with full customer support. The payment
processor will enable Ternion’s customers
and merchant partners to seamlessly
integrate cryptocurrencies into their day-today
lives.
Exchange Features
The Ternion Exchange will initially launch as
a centralized cryptocurrency exchange with
carefully selected features that surpass those
provided by competitors. The goal for this
pillar of the Ternion Ecosystem is to offer an
all-encompassing solution for cryptocurrency
traders. Phase two of the exchange is to build
a decentralized exchange platform (DEX) that
is initially supported by the Ternion Liquidity
pool.
The Ternion Exchange due to being licensed
and offering Fiat-to-Crypto and Crypto-toCrypto
places itself among the top exchanges
in the global market. The Ternion Token
(TRN) is in close competition with leading
exchanges in terms of the token functionality
and their token buyback scheme.
- Problems with Crypto Exchanges Today
The path to mainstream adoption of crypto
remains blocked by a lack of financial
infrastructure solutions. Exchanges play
a fundamental role in this infrastructure,
representing the main gateway in and out of
the cryptocurrency investment space.
In order to overcome these issues, exchanges
should be perceived as a safe and trustworthy
platform that works in the interest of their
customers. The main problems that digital
exchanges are currently facing are:
• Lack of Fiat gateways
• Low liquidity
• Lack of Regulated Exchanges
• Complicated interface design
• Limited or poor-quality customer support
• Lack of trust in exchange security
• Insufficient anti-money laundering
procedures
• The whole daily use experience is
fragmented among several service
providers each one with its own interface.
Challenges to Cryptocurrency Adoption
Cryptocurrency as an asset class seeks
to address inefficiencies within the global
payments industry. These currencies
resolve a number of functional problems
that arise with centrally governed, national
payment architectures. These currencies
improve transaction cost and speed, they
are censorship resistance, they enhance
user privacy and they allow uninterrupted
ownership access.
Aside from the many benefits this asset class
brings, various parties still refuse to pay with
or accept payment in cryptocurrency. The
challenges to cryptocurrency adoption can be
segmented into three parts; The Technology,
The Cryptofinance Market and Social
Awareness.
Cryptocurrency technology is still in the
foundation building stage of its development
and last year saw cryptocurrency interest
exceed the overall capabilities of the
technology.
THANKS FOR READING.
To know more about this platform;
visit the website:https://ternion.io/
join telegram group: https://t.me/TernionOfficial
my bitcointalk link: http://bitcointalk.org/index.php?action=profile;u=1070043
facebook link: https://www.facebook.com/ternionofficial/
twitter link: https://twitter.com/ternionofficial
whitepaper link: https://ternion.io/TernionWhitepaper_en.pdf
bounty thread: https://bitcointalk.org/index.php?topic=4625175.0
ANN thread: https://bitcointalk.org/index.php?topic=4623236.msg41743899#msg41743899