Not long ago, in 1990, the potential of the P2P protocol was demonstrated, it allowed any user with access to the Internet to share files without intermediates. It is this model that BridgeX plans to use in its product. BridgeX will become the newest platform to free exchanges of crypto-to-crypto and fiat-to-crypto pairs with output in fiat currency, as well as lending services where cryptocurrencies will be a cost-effective asset, and this hasn’t yet been done by traditional banks.
BridgeX will become a real bridge between the world’s oldest credit systems and the latest blockchain technology.

Problems of cryptocurrency as assets

Although digital money takes air and is used practically in any sphere of human activity, banking system still don’t accept cryptocurrency as a real asset. This problem will be solved by the Bridge system, and thereby opens the access of cryptocurrency holders to lending.

Connecting cryptocurrency to the fiat market

Cryptocurrency is still not available for purchase directly through banking fiat systems. To buy digital money, it’s necessary to transfer fiat currency to an exchange and then buy necessary cryptocurrency, and for the output — to do the reverse operation, and these require payment of commission. Especially this problem is acute for projects that have only conducted their ICO and they need to urgently monetize received coins to cover expenses. Also, insignificant support for small markets is the reason why many can’t buy cryptocurrency for local money.

Key features of BridgeX

• With the help of smart contracts, all processes of crediting as loan offers, requests, compliance, tracking, payment and pledge will be automated. More fore these cases don’t need to attract a specialist, but you can set the system parameters of your ideal loan.
• The possibility to quickly find relevant loan proposals in real time and the implementation of an appropriate smart contract, keeping everything in blockchain network, will be the best lending tool.
• With the help of the Oracle data, the system for tracking loans and mortgages is constantly updated and provides only up-to-date information.

The project team

The member of any project are its heart, 90% of the success of the project depends on them. The more talented and creative the team members are, the more interesting the product will be. The professionalism of these people plays an equally important role in product development.

COO

Hiroyuki Kiga — an official who organizes and manages daily operations and activities. Hiroyuki graduated from the Macquarie University and received a bachelor’s degree in e-business, he took a five-day course from Adkins Matchett&Toy, and then he postgraduated from the Macquarie University and received a MSc in Applied Finance. In 2008, Hiroyuki began his career as an IT support analyst at the Macquarie, a year later he moved up the ladder and became a business analyst. A year later, Hiroyuki already engaged in the venture capital, strategic investment and financing in GREE, Inc. After another two and a half years he held already the position of investment vice-president in Yello Mobile for a year and 9 months. After that he has become co-founder and operational officer of Wallex Co. Kiga has many skills in financial modelling, venture capital and the formation of start-ups.

CEO

Jody Ong is a comprehensively competent person who started as a trader and today is a CEO of Wallex. Jody is responsible for the Asian trading market, the direction of statistical trading, as well as cryptocurrencies. His first job was as a trader at the Manjushri Proprietary Trading Singapore. After that, for four years he has worked at Jonneth G Capital also as a trader. In September 2012, Mr. Ong assumed the position of Managing Director at Ascensus Capital, where he has worked for another 2 years and 8 months, then he occupied the current position of a CEO of Wallex, while being he’s a co-founder of the company.

CTO

Joseph Lee- person responsible for the development of product produced by the company. Mr. Lee was previously the head of trading at Kyber Network, which is a decentralized liquidity network, advised by Vitalik Buterin. The experience that Joseph acquired in building Kyber Network will help in the implementation of the financial platform called BridgeX.

Conclusion

The BridgeX project will create a decentralized cryptocurrency exchange with a new way of providing liquidity to the currency, as well as introduce banking services paid for by cryptocurrencies. The new model of purchase and sale differs in the fact that the system not only brings together the buyer with the right seller, but offers global liquidity pools, selecting one of which the user will be automatically sent to the pool with the deepest pocket. BridgeX will allow crypto-to-fiat conversion and send its fiat assets to several beneficiaries simultaneously. This platform, as one of the few financial services that offer to directly connect fiat and cryptocurrencies, will definitely find its audience and seize this niche in the market.

Website: https://bridgex.network/
Whitepaper: https://bridgex.network/180827%20BridgeX%20Network%20Whitepaper.pdf
Telegram: https://t.me/bridgexnetwork

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