{"id":7894,"date":"2018-10-12T00:00:00","date_gmt":"2018-10-12T00:00:00","guid":{"rendered":"

Undoubtedly blockchain technology<\/a><\/strong>, which has been said to be the cornerston"},"modified":"2018-10-12T00:00:00","modified_gmt":"2018-10-12T00:00:00","slug":"platio-smart-banking-for-businesses-that-combines-cryptography-and-fiat-money","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/es\/platio-smart-banking-for-businesses-that-combines-cryptography-and-fiat-money\/","title":{"rendered":"Platio: Smart banking for businesses that combines cryptography and fiat money"},"content":{"rendered":"

Undoubtedly blockchain technology<\/a><\/strong>, which has been said to be the cornerstone of the fourth digital revolution, has the potential to drastically change the way business relationships between people and companies are conducted in an increasingly globalized world.<\/span><\/p>\n

Unfortunately, the global adoption of this technology for practical purposes encounters many obstacles due to the high volatility of most cryptocurrencies making many professionals and companies afraid to accept them as a method of payment for their products or services. If we also take into account the difficulty of integrating this new technology with traditional banking systems, we get a not very favorable scenario that is far from taking full advantage of the incredible resources that blockchain technology can bring to everyday life.<\/span><\/p>\n

But where others see difficulties, Platio<\/a>, a fintech company based in London, sees a challenge and poses a solution to achieve massive adoption of blockchain through tokenization of assets<\/strong>. Platio is a smart banking ecosystem based on EOS<\/a> blockchain technology. This platform brings solutions for companies that work with cryptocurrencies and fiduciary money<\/strong>, allowing them, for example, to pay salaries and invoices with the asset they want with a significant cost reduction, which makes it an indispensable ally in international transactions.<\/span><\/p>\n

This all-in-one banking solution<\/strong> has several services that will facilitate the adoption of cryptocurrencies<\/strong> by companies and solve the problems of high costs or financial access in remittance markets. Platio is presented as a platform that brings together fiat money, stocks and cryptocurrencies in one place<\/strong>, given that it has a legal authorization to operate both in the traditional banking system and with cryptocurrencies in 32 countries.<\/strong><\/span><\/p>\n

Platio<\/a><\/strong> guarantees safe and fast commercial processes and allows users to make offers in both crypto and fiduciary money. \u00a0Among its services it has physical and virtual credit cards<\/strong> and it allows users to receive and pay invoices with fiat money and cryptocurrencies<\/strong>. <\/span><\/p>\n

The platform even allows for a buyer to pay for a service in cryptocurrency while the seller receives payment in fiat. This will help to streamline transactions and increase confidence by eliminating the seller’s fear of crypto market volatility.<\/span><\/p>\n

Among Platio\u2019s most innovative solutions are its Asset Guard and Smart Escrow<\/strong> products. Asset Guard uses specially developed smart contracts to protect user funds from price volatility or loss of account access. Smart Escrow solves the trust problems inherent in using cryptocurrency by holding the buyer\u2019s funds in escrow until the seller fulfils its half of the deal. If there are any disputes between buyer and seller, Platio will step in to resolve them. <\/strong><\/span><\/p>\n

Platio also proposes tokenizing all assets so that they are included in the blockchain and can be easily traded between users from all over the world. <\/span><\/p>\n

Its partners include companies such as Ripple, Axon, Exante and Positive technologies.<\/strong><\/p>\n

Vlad Bunin, the founder of Platio<\/strong>, has over 19 years of experience in the banking, insurance and airline sectors, in addition to being a board member of the Hedge Capital Company, a financial services provider.<\/span><\/p>\n