Baanx.com will be the world’s first Crypto network to ensure everyday payments and services become mainstream.
Twenty years ago, it would have been unimaginable that each of us could enter our local shop, tap a piece of plastic to a small device and pay for our shopping. But this is now something we do every day without a second thought.
As we become more accustom and more demanding of seamless payment transitions we look to what could be next?
Chips inserted into our palms that we swipe? The ability to pay for things purely with our mind, without the need for a card or phone? Maybe not just yet, but there is a technology on the brink that is a huge step in the right direction.
Let’s talk about cryptocurrency. You’re probably aware of Bitcoin, an early noughties “fad” that was associated with the darker side of the internet.
Today, cryptocurrency is wearing a new personality entirely and is becoming a huge asset in the payment world — particularly online.
So, who is going to be the business to make digital currency part of the real world — in real-life supermarkets and shops?
Baanx.com are the world’s first fully decentralised Cryptobank network to provide a new payment solution bridging the gap between fiat and crypto by letting people pay in brick-and-mortar stores using cryptocurrency.
How is that even possible? You might ask. Surely your average Starbucks isn’t clued in on the whole Bitcoin revolution? Even the big corporations and online stores who do have the capacity to accept Crypto don’t do it — Yet!
Baanx.com hopes to change this by creating the first open platform allowing you to keep your Crypto and Fiat currencies in one place.
What Are the Differences Between Fiat and Crypto Currencies?
Fiat currencies are actual, physical coins and notes; they’re what we use every day around the globe and have been using for centuries. Their values are determined by governments, based upon supply and demand, as well as the overall economy.
Conversely, cryptocurrencies have no physical form, despite the iconic golden Bitcoin that we see on every piece of press about them. They are simply reams of non-replicable code, assigned a value by the people who use them. At the moment, that value is growing as more people are finding a use for cryptocurrencies and other crypto assets. Although cryptocurrencies are not presently regulated by mainstream financial systems, that may well change in due course, and if it does it will bring a whole new layer of credence to the crypto proposition.
Who Exactly Are Baanx?
Baanx.com puts the end user in full control of their money, a trait the financial sector does not offer. With digital currency, there is no need to trust a third party for safekeeping one’s money. People can become their own bank and carry their crypto and fiat currencies with them wherever they go.
Baanx.com will deliver huge change to the market and disrupt traditional banking by scaling the size of the Cryptobank network to levels big enough to rival the established financial services sector. Their mission is to bring daily use of Cryptocurrencies to the world and create an unopposed banking service for both Crypto and Fiat currencies.
Baanx.com aims to be the largest Crypto network in the world, with so many brands and customers, that they can prevent traditional banking institutions from shutting the Cryptocurrency movement down and encouraging businesses to start accepting all currencies in everyday life.
If you are interested in hearing more about Baanx.com and their mission to bring crypto to the real world then visit their website and follow them on social media!
Website: https://baanx.com/
Whitepaper: https://baanx.com/docs/baanx-whitepaper.pdf
Twitter: https://twitter.com/baanxcom
Facebook: https://www.facebook.com/baanx.io/
