BridgeX Network : Best Financial Ecosystem Framework

BridgeX Network : Best Financial Ecosystem Framework

Bounty
December 5, 2018 by XNews Editor 3
59
The BridgeX Network is a financial ecosystem framework, built on a proprietory technology core, that bridges the worlds of cryptocurrencies and fiat.
BridgeX Network Best Financial ecosystem framework

BridgeX is a platform built to enable the seamless exchange and interoperability between the worlds of cryptocurrency and fiat through our twin engines of blockchain-backed loans and payments.

The BridgeX Network is a financial ecosystem framework, built on a proprietory technology core, that bridges the worlds of cryptocurrencies and fiat.

We provide decentralised credit, conversion and payment solutions between crypto and fiat currencies, allowing unprecedented interoperability. These create a unifying platform for both fintech-blockchain and traditional financial companies to participate in this new economy.

By allowing third-party distributed apps (DApps) to integrate, we truly unlock the exponential power of the BridgeX Network; partners can offer innovative services to solve real-world financial needs of the network’s international user base.

Problem

  • Access To Credit

Cryptocurrencies are an unrecognized asset class.Cryptocurrency holders are unable to leverage on crypto as collateral.

  • Access To Flat

Lack of interoperability between systems.Cumbersome & expensive to make international payments.

THE BridgeX NETWORK

The BridgeX Network is the framework for a financial ecosystem of decentralized credit, conversion and payment solutions, enabling fully-decentralized crypto-to-crypto collateralized lending and borrowing, crypto-to-fiat currency conversions and cross-border payments.

The BridgeX Network will comprise of three main components:

  • BridgeX Core
  • BridgeX Platform
  • Third Party Integrators

BridgeX Core

  • Technologies Powering the BridgeX Network

Our core technologies comprise of cutting-edge smart contracts built atop the Ethereum blockchain – an on-chain loan matching service, on-chain loan tracking service and an oracle that collects off-chain data for the loan contracts – and an integrated cash management module providing off-chain solutions for crypto-to-fiat conversions and cross-border payments.

BridgeX Platform

  • (Distributed Apps/Apps)

As the first proof-of-concept for this new financial ecosystem, our DApp/Apps will demonstrate the power of the BridgeX Network at its integrated best, delivering three compelling and synergistic cash management solutions within a single platform, while providing third-party financial services or DApp developers with an understanding of the multitude of possibilities going forward.

Third Party Integrators

  • DApps/ Apps/ Service Providers

The BridgeX Network will unite the crypto community-at-large, the full spectrum of financial services players in the blockchain industry and traditional financial institutions/ services looking to enter and participate in this new world economy.

Any third party integrator or DApp developer can leverage on BridgeX Core to offer new services on their existing platform or create DApps/ Apps on the network that solve real-world financial needs.

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