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Blockchain is not a cryptocurrency rather it’s a technology that enables the existence of cryptocurrency (among other things). Blockchain technology has proven to have certain benefits that have made organizations, individuals, businesses, governments, and other sectors of the economy should adopt this trend as a way to scale their businesses. The benefits of blockchain when integrated into a brand or business include:
- It makes money transfers less expensive and faster.
- They are used for huge financial exchanges between companies.
- Lenders use blockchain to execute loans with collateral using smart contracts. A Smart contract that is built on the blockchain allows certain events to activate things automatically like a service payment, full repayment of the loan, and release of collateral.
- It provides greater transparency for customers and insurance providers such that recording claims on the digital ledger will prevent customers from making duplicate insurance claims.
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BitPowr helps organizations to create, manage and secure crypto-wallets and digital assets using a user interface and application programming interface. BitPowr offers the following services
- Wallet services: deciding to use BitPowr wallet enables an individual or organization to do the following:
- Create multiple wallets: It allows you to create multiple wallets for various parts of your organization, and each wallet can create its unique assets. The types of wallets they offer are crypto wallets, Exchange wallets, and savings. Their Wallet Application programming interface is a complete suite wallet management solution that allows businesses to create and manage different types of wallets for different blockchain and different user cases, using a simple interface. You can easily create multi-currency wallets that contain your popular cryptocurrencies, such as Bitcoin or Ethereum.
- Hold & Save: You can keep your assets safely and know your coins would always be waiting for you.
- Carry out transactions: You can receive crypto value to any of the supported assets you create in your wallet and also send crypto from there to anyone in the world.
- Policy personalization: Bussiness functions differently, so companies have the chance to affect policies that are beneficial to their organization as well as rules guiding the use of BitPowr. These policies are;
- Approval Policy: you can set members in your organization that must approve a transaction before the wallet is charged.
- Collection Policy: you can set the duration in which you want the current value of all your assets to be paid into any asset or fiat (local currency) of your choice
- Withdrawal Policy: Set the maximum amount of time and the amount you can get to withdraw from your account for a given period.
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