Introduction
Payment Porte is start-up Financial Technology (FinTech) company, in-line with its services, it delivers an easy mechanism for logistics companies and shipping industries to make easy payment through a Virtual Financial Asset (VFA) by introducing a blockchain-based utility token payment method called PORTE.
With its major aim to ease cross border transactions mechanisms, the Digital Asset (DA) create an interface where top corporations, ocean freight industries, forwarders, shippers and logistics companies and small, medium and large scale enterprises globally, a low service fee for blockchain by hovering the menace of slow, archaic, expensive and vague way of cross border transactions and payment services.
The Payment Porte transfer utilization takes seconds with the dividend receiving end in minutes of the transactions, the platform is a combination of multi-currency and Multi-Virtual Financial Assets (MVFAs) or a Bi-fold wallet. It is a flexible open decentralized protocol based on Stellar Blockchain. This essentially allows a digital currency to flat currency transfer with a cross border transaction mechanism to ease transfer.
Although, this payment method advertently has no major competitors with its public blockchain delivery method of Payment to Payment (P2P) technology. It leverages the monumental payment method and grants easy transfer for businesses and enterprises.
With several statistics about online payment methods, the various methods of payment like wallet, digital payment, credit cards, crypto-currency, and bank transfers have shown significant growth and appreciable delivery methods. Which statistic has shown that with the increasing demand of crypto-currency, the digital currency has grown to be projected the next global economic payment method with policies been made by government agencies to be the next world global trading mechanism? With this, the blockchain technology industries abrogate the need for intermediaries to authorize transactions to encourage growth in the industry.
The freight/shipping industries Are faced with current market problems for it present management, these problems are tired to the transaction route taken with enormous procedures which become so vigorous for small forwarder and shippers to go into bad debt and bankruptcy. The process is engulfed with profound paper works of all the shipping transactions which are a pro-long and costly procedure. Also, the payment are usually bank transfers, cheques and invoices are usually prepared manually except for larger setup, this process makes reconciliations of the invoice and booking a manual and a tediously costly method of transaction. With this delay in most paper works and transfers processes, it abates on-time delivery for most logistics companies being a fundamental demand for smooth performance and operations.
With the introduction of Payment Porte which is a ledger encrypted technology with several shipping applications, blockchain could be used to change the paperwork into a paperless world for easy processing of a payment and bank transfers, making the process easy. Payment Porte platform as encrypted blockchain technology with a very easy to use web-application and mobile application available on ISO and Android. It allows businesses and individuals to partner with payment Porte for cross border payment and services. This blockchain method based on Stellar Blockchain allows easy conversion of fiat currency to the digital asset and transfer any virtual asset with fiat currency.
In a nutshell, the Payment Porte is a decentralized network protocol with the aim to leverage the transaction and transfer demerit of paperwork of freight/shipping companies. Payment Porte aimed at a speedy way of transfer and high performance. The mechanism with its align goals and system will fast track easy transfers from fiat currency to digital currency with the use of it applies, the blockchain technology transfer in the ocean freight/shipping will be done without the use of archaic methods and transaction difficulties encountered by individuals and businesses in the logistic, shipping, and ocean freight industries will be a quondam phenomenon.
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written by cryptoboss