With the industralization and modernization of the world came the need for update methods of making monetary transactions and payment and this gave rise to the world's current banking and financial systems which without doubt has indeed helped move business forward throu gh ease of fund transfers and the ability to get funds on the go for various buying and selling process which have further strengthen the bond between business affliated individuals.
However just as earlier mentioned, upgradement is inevitable and some of the current banking methods and financial services offer poor services with many bureacracy and different economic laws which are old compared with the advancement of technologies that have shown how this sector can be revolutionized to function better and offer more beneficial services with a lot of bypass to several restrictions.
There is therefore a need for the happening modernization and technological afvancement to be integrated into this sector and this is exactly whh the kvantor platform intends to do using the blockchain technology which is the internet of things to implement the use of top notch technologies in giving economic freedom for various economic trandactions.
What is Kvantor?
This is a financial platform that is powered using the blockchain technology to create an opporrtunity for the economic sector of thw world to make smooth transactions through the use of cutting edge technologies.
#How the Kvantor Platform works?
This platform creates an opportunity coupled with an environment for various business organizations to gain access to several modernized and updated financial tools and assets that makes the trading of goods and services through the use of digital channels successful and much easier as bureaucracy can be overlooked while still working in accordance with the law and the use of blockchain to make quick and seamless payments from different parts of the world i.e. globally.
Kvantor also functions as both a SaaS and as a box solution, where organizations and business corporations that are users have the freedom of relating and communicating with one another while also simultaneously connecting directly to the platform through the use of API.
The platform offers to users an environment where exchange and trading of goods is made possible through the use of transactions activated by smart contracts which is built on blockchain technology that is famous ease and high speed of transaction occurrence, transparency and recording of transactions on blocks which eliminate hefty paper works, while also promoting the unification of currency to make business seamless.
Interbanks transfer is one of the major components of this platform which is useful in the creation of ways by which various banks that are users of this platform can interact with one another and trade information about occurring transactions which is then subsequently stored in the Kvantor Blockchain that gives it the necessary speed for processing and maximum protection against threats, and all fund transfers are made possible with the help of a protocol that can work smoothly with the SWIFT system.
The platform proposes a world class security setup that protects all transactions information or details of user i.e. including past and current trades by making it confidential and only available to users involved in these transactions
Benefits of the Kvantor platform
The kvantor platform offers numerous benefits to all parties that are users and they include:
Great reduction in the costs needed to acquire different contract management experts such as lawyers, finance managers etc. to monitor transactions as the kvantor blockchain does that automatically and also reduction in the dealings of the organizations in paper works as the platform records all transactions transparently on its blockchain.
Different economic agents enjoy the use of advanced techniques and methods for business settlements such as transfering of capitals and funds securely and swiftly.
Token information
The token of this platform is denotedas KVARK and it is structured on the ERC20 specifications, unlike other tokens, it cannot be bought with BTC, ETH or USD but rather by 1 KVARK per 1/1300 of gold price on that day.
In conclusion, the kvantor platform will give business enterprises and other economic agents all around the globe freedom to access advanced economic tools to completely decentralize financial transactions between counterparts and merge them smoothly to create a unique trading channel.
Relevant Links
Website :https://kvantor.com/
Whitepaper :https://kvantor.com/docs/whitepaper_ru.pdf
Facebook :https://www.facebook.com/kvantorcom
Twitter :https://twitter.com/kvantor_com
Telegram :https://t.me/kvantorcom
Reddit :https://www.reddit.com/r/kvantor/
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