CoinMetro and Problems with Traditional Forex Exchange
CoinMetro-If you are interested in trading, especially in Forex type of transaction, then CoinMetro may seem like an ideal platform for you. It doesn’t mean that it will be super perfect with 100% best features.
It’s just that this platform is designed to create newer and better user experience with the easier platform. If you are familiar with Forex trading, you certainly are aware of the common obstacles and problems. These are the things that this platform is trying to change.
The Traditional Forex Trade and Its Problems
The problem with today’s Forex platform is the outdated system. The construction and the principle are timeless but the integrated platform and the technology are quite old. It doesn’t mean that Forex trading is no longer useful or beneficial – it’s just that traders will have to go to a greater length to use the system at the maximum functionality.
Sure, the traditional Forex surroundings have turned to digital use but everything is still complicated. Instead of using one system that can manage it all, there is different software for different use. For instance, when you want to trade different kinds of currencies, you will have to use different trading platforms too.
When you want to exchange your trading result to real money (in this case, it is called fiat currency), it uses another different program and software. Again, another complication. Ask any traders that you know and they would tell you that simplicity or easiness isn’t the exact words to be related to Forex trading.
And there is still the trust issue where transactions can be manipulated and traders can cheat on their clients. We are talking about big money here, which is quite logical to make some people go tempted and violate the regulation.
CoinMetro and Its Role
These are the problems that CoinMetro tries to tackle. Not only the development team is trying to boost and support a better platform, they are also trying to integrate the traditional way with the new technology. For a starter, they are trying to change the complicated and difficult systems, by introducing one platform to do different kinds of transactions easily and effortlessly.
Since the development team is aware of the fuss and hassle of the traditional system, they are trying to introduce a new digital approach. The construction is still the same and the principle is still there, but with new technology, it is expected that implementation and execution are no longer complicated.
Moreover, they are introducing XCM, the token that is especially used for this platform. Unlike the regular system that is quite complicated and difficult in terms of use and arrangement, this token is designed to make everything easier. Do you want to exchange your token with fiat money? Fine, you can do it easily. Do you want to exchange the token with other currencies? Sure, feel free to do so.
They are having a token sale now, and everyone is welcomed to buy with low price. A good chance to invest your money? Why not? While the price is still low, you can always contribute to the platform’s development. When it is already launching, the price will increase and it is possible that you won’t be able to afford it.
This platform is trying to prove a point that Forex trade doesn’t have to be complicated. With the right technology, the right arrangement, and the right management, everyone can benefit from CoinMetro functionality.
Bitcointalk link : Namirah
ETH : 0x3fDF92Cfa0a86716Bb03CCe13199B93fE7Db24eA
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