Platio - The Smart Banking Ecosystem

edundayo (40)in #cryptocurrency • 6 years ago (edited)

TL;DR: Platio, licensed by the FCA with headquarters in London, is creating a Smart Banking Ecosystem for users and institutions who want to easily navigate between cryptocurrency and traditional fiat, seamlessly and securely.

Background: The Problem

The issue of cryptocurrency going mainstream has been on the lips of every crypto enthusiast, not that we are unaware of the current problems that’s facing the cryptoverse and preventing it going mainstream, but we are optimistic that there would eventually be solutions that will solve majority of the limiting problem; a lot of work is currently being done by crypto startups to create such solutions.

However, the main issue is that, the problems are numerous and are multifaceted. For instance; you have the issue of high volatility with its attendant risks, the irreversible nature of crypto payment which partly makes adoption limited because it is quite difficult, if not impossible, to guarantee that the other party will honor the agreement after a crypto payment is made, this makes fraud easier with crypto as things stands currently. Then come the risk of losing access to your private key which means a total a loss of access to your crypto assets.

And to crown it all, the unfavorable traditional banking environment. Many of the traditional banks see cryptocurrency as a threat while some others are limited by restrictive government policies. Often times, they refuse account to or block accounts of customers involved in cryptocurrency activities, this creates a lot of complication as crypto is still in its early days and can’t currently do much without fait currency, which is largely controlled by traditional banks.

Therefore, it has become crystal clear that if these problems must be properly tackle there have to be solutions that are crypto-focus and crypto-friendly.

In other to bridge the gap; Platio, licensed by the FCA with headquarters in London, is creating a Smart Banking Ecosystem for users and institutions who want to easily navigate between cryptocurrency and traditional fiat, seamlessly and securely.

What is Platio?

Plation is an award-winning cryto-friendly Smart Bank that provides seamless and secure banking solutions powered by the amazing EOS blockchain technology, which makes it possible to alternate between transacting with cryptocurrency and/or fiat currency. With Platio, users are able to engage in transactions with peace of mind using either crypto or fiat over a Smart Escrow system which is able to resolve conflicts between parties involved in the transactions.

Platio will be a private Sidechain based on the EOS blockchain technology using smart contracts. All the assets within the Platio Ecosystem will be tokenized.

Platio Ecosystem

The Platio Ecosystem consists of

Exchange and Brokerage
Smart Escrow
Platio Payment Cards
Asset Guard
Internal Transfers
Invoicing and Processing
Payment and Remittances

Unique Features:

One platform, multiple currencies; Platio enable users to trade and exchange cryptocurrency, fiat, and stocks.
Transfers any of the support currencies free within the ecosystem
Easy access to your assets anytime via plastic or virtual payment card
Your crypto, fiat, and stocks are kept securely in one place
One Login gives you access to all your assets; crypto, fiat, and stocks. No more multiple logins
Platio guards your crypto and stock against volatility with its Auto Exchange feature
Standby Transfer; just tell Platio the length of inactivity that should trigger it and your holdings on the platform will be transferred to the specified account once that set-time elapses
The Smart Escrow system guard against the irreversible nature of cryptocurrency payments, by making sure your payment is made only after you get whatever you are paying for. All parties are protected against fraud by the Platio conflict resolution system
Special Business Account fine-tuned to meet business needs, no more complexities

Token/Coin ICO

Token Symbol: PGAS
Type: ERC-20
Platform: EOS
ICO Period: (Private Pre-Sale: 20.08.2018 - 07.10.2018)
Join the Whitelist > https://platio.io/whitelist

Token Distribution

Team

Advisors

Conclusion

Platio Assets Guard, Smart Escrow and Payment Cards, to name a few, when fully implemented, will bring ease under-laid with trust and security to the cryptoverse, which will increase users’ confidence in the space. Undoubtedly, the entire Platio Smart Banking Ecosystem is a solution that will deepen crypto adoption because it solves one of crypto’s major problems.