In short, Midex is a blockchain based platform that works as a cryptocurrency exchanger. Well, looking at what's in the whitepaper, I prefer to call it a digital bank because basically, this platform provides various banking services. However, as a note, this platform is not a digital bank.
Provides everything related to cryptocurrency through bank-like technology. From what the platform offers, we can tell that this platform is an all in one platform; all the needs of the owner of a cryptocurrency can be met by Midex. Just look at all the services they offer. You can do various things related to the cryptocurrency utility here.
Midex is clearly created based on the needs of cryptocurrency users. But do we need it? It depends on who you are. Some Midex services can be found on several other platforms. Some platforms already provide various services such as cryptocurrency exchanger, credit, investment, and payment. Platform users who already have four types of services may not want Midex too much, but not for those who have not got those types of services.
Despite having some important (basic) services related to the use of cryptocurrency, users who want more convenience will surely choose Midex. Why? Midex cards and ATMs are certainly the main attraction. With Midex card and ATM, Midex's users would be easier to transact and convert their cryptocurrency to fiat. These two features are clearly found in other platforms (except digital banks).
Midex's various services clearly demonstrate that the platform is built on what cryptocurrency users want; especially things of convenience. However, as a new platform, Midex obviously still has limitations. One of the major limitations of Midex is the availability of services. The Midex service can only be used in some countries that already recognize cryptocurrency. This constraint is actually also experienced by all platforms and applications based on blockchain and cryptocurrency, but over time, Midex believes that they can provide services to more people in various places in the world.
Most users of cryptocurrency are those who want to be rich with 'new style'. Most cryptocurrency users treat it like forex. In fact, Midex is bigger than that. Midex, the same as other blockchain and cryptocurrency-based platforms, benefits every user. However, the real advantage lies in what you can do with this platform. Midex is a cryptocurrency exchanger platform that promotes security, convenience, and transparency. A benefit (financial) is a small part of what its users get through this platform.
Midex users will benefit from a larger non-material advantage. Let's look at the aspect of convenience. Credit or loans are something that many people need, including those in the blockchain ecosystem. Midex will make it easier for someone to get a loan/credit. Through peer to peer credit, Midex will bring together borrowers and creditors on one platform.
The borrower will more easily get the model loan from other users (in accordance with the rules set by Midex). Other conveniences can also be obtained from Midex cards. The cards will work like Visa or MasterCard. This feature will obviously greatly benefit MIdex users seen from its ease and functionality. Things like this are what Midex wants to offer. Midex wants to be a platform that can maximize the functionality of a cryptocurrency.
