MEET BRAVO! THE GAME CHANGER FOR PAYMENT SOLUTIONS
BRAVO – BRIDGING THE GAP BETWEEN TRADITIONAL BANKING SYSTEM AND BLOCKCHAIN TO CREATE A MAINSTREAM & ANONYMOUS PAYMENT SOLUTION
One of the reasons the blockchain and its cryptocurrencies remains better than the traditional banking system, is the fact that the blockchain technology have the capacity to carry out private and anonymous transactions, whereas the traditional banking system will never endorse such a move.
We are gradually entering into a new era, one where no one will ever need to carry cash about but will be able to make any sort of financial payment/transaction with as little as their mobile application of even with any IOT device.
According to data which were exposed by a researcher, it revealed the weaknesses faced by existing financial services such as PayPal and even the traditional banking system, which was the fact that users’ transactions and financial data are being monitored by these industries on purpose.
And like a mentioned earlier, other than the fact that the traditional banking system was centralized and wealth was practically controlled by the few persons who controlled the banks, the lack of privacy and security in the traditional banking system is also one of the reasons the blockchain was invented.
The blockchain instantly became a success after its launch with its first cryptocurrency (bitcoin) in 2009, and since then over a thousand other currencies have been born. The blockchain is the known solution to fixing the privacy and anonymity of financial users, but because of the fact that it hasn’t gotten mainstream adoption and its complex user interface despite its success, has impaled its use and adoption.
This is why BRAVO, an already existing financial institute wishes to leverage its already made user base of tens of thousands of users to create a payment solution based on blockchain technology.
INTRODUCING BRAVO
BRAVO was originally built as a peer-peer payment solution with the use of fiat (government approved currencies).
But with the growing need for an anonymous and private financial solution, the platform is now restructuring its payment solution by adding blockchain technology to it in other to create the needed payment solution.
THE SOLUTION
Blockchain is already known to have the capacity to be used in performing a private transaction, but because of its complex nature and complicated user interface, people with little or no understanding of the industry to utilize this technology.
BRAVO is building a new mobile payment solution with the simplest form of user interface which will give anyone the capacity to perform any sort of financial transaction, with the option of choosing to make it a private transaction with no identity and history of the transaction in record.
The platform is currently building a hybrid blockchain which will be responsible for making all this possible. The hybrid blockchain will consist of a public and private blockchain to be interconnected by giving users the ability to use either one of them for a transaction.
The private blockchain which is also known as the incognito blockchain and will be based on an anonymizing proof-of-stake algorithm while making use of BVO-P, a crypto token which will only be made available only on the incognito blockchain.
This token will only be used while making anonymous and private transactions and will not be considered as an asset, so therefore it wouldn’t be listed on any public exchange.
CONCLUSION
The platform will have its own token known as BVO token. This token will be used to perform all forms of financial transaction on the platform, and also as a means of payment for products and services on various online portfolio world-wide.
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Whitepaper: https://bvo.trybravo.com/BRAVO_Whitepaper_V1.pdf
Website: http://bvo.trybravo.com
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