On August 10th 2018, one of cryptocurrencies most known personalities, Roger Ver, alias Bitcoin Jesus, spoke to Chris Neill, Head of American Development for XinFin on the potential XinFin blockchain holds. The crypto personality is an advisor on the XinFin team and a big fan of Bitcoin Cash. As much as he admitted not being up to date to technological stuff going on in XinFin due to the partnership with Ramco skipping his mind, Roger Ver said he still believes in the huge potential XinFin project holds.
Roger currently acts as an advisor to 7 cryptocurrency projects with XinFin at the heart of them, and on the question why XinFin is amongst the list of the chosen few, he responded,
“[XinFin] seemed like an actual product that was actually [going to] have something that could potentially go somewhere.” – Roger Ver
The following three decentralized applications offers real use cases to the problems facing business in cryptocurrency transactions such as high fees, slow payments and security of funds in the accounts.
Real use case features promoting global economic freedom on XinFin
1. XDC Wallet – The multisig solution to global trade and finance transactions
The current transaction systems in the cryptocurrency industry are either too complex or too expensive for the users. This has kept most of the players in the industrial arena and standalone businesses away from adopting blockchain payments. In addition to this, most project are incompatible with the existing systems making the adoption by institutions and corporations harder. The high fees, slow transaction payments, security of the accounts and complicated interfaces in crypto projects have caused a transition of investors back to the traditional payment systems.
XDC Wallet offers a solution to all these problems and a multitude of other issues present in the current world of global payments especially in the trade and finance sectors of the economy.
XDC Wallet is a multi-signature (multisig) wallet that is powered by the XinFin Community to facilitate internal and cross-border real time settlement on transactions, trade, public financing, equity transaction settlements and remittances across the globe. The multisig wallet contains a trustless escrow, trustless margin and heavy security ensuring the settlements for businesses, consumers and any other user’s funds are always secure.
The uniquely built wallet is powered by the XinFin blockchain that offers a plethora of attributes with the multisig feature ensuring total security and high throughput on the system. The wallet offers real use cases in infrastructural investing, global trade and finance and transaction services.
XDC Wallet as a solution can be used by individuals, corporates, and financial institutions to facilitate internal as well as cross-border real-time settlement for business transactions, trade, financing, equity transaction settlement and remittances.
2. TurantPay – ‘Blockchain based SWIFT’ is a mile ahead of the rest
In the transaction systems in the world today large transaction fees, foreign exchange rates, locked deposits and the centralized systems have caused a sense of mistrust between the financial institutions and the consumers. XinFin application, TurantPay, offers solutions to the problems faced by the payment service provider’s improving large global payments.
TurantPay offers the users with a completely transparent system and low fees with the transaction visible to both parties in the transaction at all times. Built on the XinFin XDC Hybrid Blockchain Protocol, the transaction can be kept public or switched to private for institutional investors. The blockchain as a decentralized peer to peer transaction system, building the trust of clients. The SWIFT-like payment system provides its users an instant settlement system at low transaction fees. However, SWIFT takes a couple of days to process the payment batches while TurantPay processes cross-border payments in seconds.
3. Tradefinex – Infrastructure as an Asset Consortium (IAC) Sandbox
Tradefinex is a decentralized platform powered by the XinFin’s XDC hybrid blockchain protocol. The platform allows large investors to crowd in investments on the platform for fractional ownership of the infrastructure project. This allows ease of raising capital–while reducing the risk– on these large projects while allowing the trade of infrastructure similar to equity in a firm, Infrastructure as an Asset Class (IAC). The Tradefinex platform offers solutions to the sore problem GPI’s face, lack of investment over due to trust issues, risk in the project and the high transaction costs of infrastructure funding.
At the start of August during the ‘Global Public Investor 2018’ conference, XinFin’s Joseph Appalsamy spoke on the economic benefit TradeFinex platform offers development institutions through asset tokenization of infrastructure to improve the financing on these mega projects.
Mr. Appalsamy further proposed that the financing of these physical infrastructure projects will be done in a consortium to standardize the development of Infrastructure as an Asset Class (IAC) using asset tokenization in a sandbox environment. This is the origin of the Project Sandbox idea.
Follow through with the interview between Chris Neill, Head of American Development for XinFin Fin Tech. and Roger Ver, advisor at XinFin Fin Tech. on the on this YouTube link.