As per the latest reports, the AXIA Capital Bank has made an announcement for its users in regards to making additions to its ecosystem. The firm has announced that it is currently making preparations for the integration of the AXIA Coin into its ecosystem.
AXIA Coin is the proprietary digital currency of AXIA Capital Bank that it is aiming to integrate into different applications of its ecosystem. The firm has announced that with the integration of the AXIA Coin, it is aiming to facilitate many users.
The firm has announced that it wants as many users as possible to benefit from the integration and the utility of AXIA Coin. AXIA Capital Bank has emerged as the first bank in the series, aiming to change the way the traditional banking systems work.
With the integration of AXIA Coin into the ecosystem, the firm is aiming to create value for its clients. Moreover, the firm is aiming to do this through a model that contains low risk and encourages participation.
The firm has announced that the platform it is going to introduce would offer one of the highest annual interest rates to the users. The banking platform is secure and would offer users the ability to earn an annual interest of up to 12%. The users will be eligible for receiving the interest on a daily basis and they will be getting it in the form of AXIA Coins.
In addition to the above, the users will be able to receive up to 5% cashback on tap-and-pay and online purchases. Furthermore, the users will also be able to receive 6% that will be AXIA based and the users would be able to receive it at over 2,000 brand name stores.
Through the new platform, the users would have access to more features that would be exclusive to them. These features will not be available through the current banking platform that is offered by the AXIA Capital Bank.
Once the new platform is introduced, it would solve problems related to high fees, overall bureaucracies, and cumbersome interoperability that are major concerns at the traditional banking platforms. These pitfalls can be avoided with the help of smart contracts, as they have the ability to offer efficient transfers.
With the help of smart contracts, transfers can be made between accounts more efficiently. The platform would also offer low fees for currency exchange as well as low translation fees. Another benefit of the platform is the fast and efficient conversion of digital currencies through the platform.
This integration of the platform through the decentralized network offers great protection and safety for the assets. The security level provided through the decentralized network integration can be compared to military-level security.
This means that the assets of the users would be safe, protected, and risk-free even while trading or holding into the accounts.