As banks has been a great platform of saving, managing, lending and other possible transactions that includes money and other assets that can be used in exchanging for goods and services, which we have all accepted and feel comfortable and safe about, they have also created a system which allows them to be able to receive deposits at the lowest possible rates and lend out assets at the highest rate they could get thereby making profits from the highs and lows which can also be called spread. They are the "middle men" between the shareowner and the borrower and as we all know high interest rates are bad news for the borrower which is exactly what the banks offer
Now the question is could there be another choice or rather a pick to these banking system? Well i think that's where #ABLEproject comes in.
The Able Project plans to tackle and put an end to these issues by using decentralized blockchain technology creating a system that connects investors and borrowers with the absence of any middle man/mediator.
Some present #cryptocurrency-based banking platforms are processed through a centralized formation which provides loans and deposits seperately instead of connecting them.
The main aim of #ABLEproject is to apply decentralized blckchain technology to the finance sector thereby creating a connection of demand and supply along an account on peer to peer basis which grows into a platform and develops and use smart contracts for transactions and services.
The need for platform where all transactions will be made is very important.
Presently most #cryptocurrency investments and transactions are made on certain centralized exchanges ICO
with individual wallets. Now through ABLE DEX the risk of centralized exchanges will be gotten rid of and then creating room for wealth management.
The able system has a architecture that is made up of infrastructural layers such as framework and applications.
members also have limited access to certain layers depending on their level.
The main or primary goal of #ABLEproject is to provide users with a great user experience, while simultaneously
allocating value to ABLE through all the benefits described above. In finance, the project aims
to create a systematic ecosystem and develop a better user-accessible system by applying
blockchain technology to any area deemed necessary.
For more information about the project follow the links below
Website: https://www.able-project.io/
Whitepapaer: https://www.able-project.io/data/AB_whitePaper_Eng_180502.pdf
Telegram: https://t.me/ABLE_Project_EN
Twitter: https://twitter.com/Ablecoinproject
Facebook: https://www.facebook.com/ablecoinproject/
Author: Toladnoah
bitcoinntalk address :https://bitcointalk.org/index.php?action=profile;u=1329818;sa=summary
