Read more about ICO PexCash: review, rating, road map, overview
Returns since ICO
In an exponentially progressing world, traditional methods have become extremely inefficient to get things done, whether it’s over-formality, long processing time, high fees or tiring verification process, such disadvantages in today’s fast growing world -particularly in money transfer field- make methods such as, WIRE transfers, ACH transfers or international money transfer services, extremely outdated; hence, PexCash app was created. A decentralized, serverless, secure and instant P2P cash money transfer app, as in literal person-to-person process, PexCash is capable of handling money transactions domestically and internationally, with the lowest possible fees. By utilizing blockchain technology and GPS map location, we’ve created a brand new innovation that will revolutionize the P2P money transfer industry. PexCash totally depends on physical meetings between trading parties/persons, the app is mainly created to provide cash-in-hand transfer/exchange solution.
PexCash’s concept is simple to explain yet complex to accomplish, the app is comprised of 2 main transaction types, 2-node transactions and 4-node transactions, 2-node transactions are transactions taking place between 2 persons like exchanging crypto/cash or crypto/crypto which is best for domestic local transfers, while 4-node transactions allow people to send/receive money internationally or through long distance, 4-node transactions are the fastest way to send money from one country to another, it requires 2 people to be physically present in each country/location, example: if person #1 is in USA and wants to send X amount in cash to person #4 in China, person #1 hands cash to person #2, person #2 sends an equivalent amount in PEXC to person #3, person #3 hands cash to person #4, PexCash app will handle the “person #3 – #4” process for you instantly whenever you initiate a send/receive request, so using PexCash, such process is done within 1-5 minutes, without going through a chain of never-ending middlemen.