Digital Remittance Markets in 2030 and the prominence of cryptocurrency.
Digital remittances are at an all-time high. Grand View Research, Inc. predicts the digital remittance market size to reach a massive USD 60.05 billion in 2030. Comparing these estimates with the current numbers, the market is slated to grow at a CAGR of 15% between 2022 and 2030.
These statistics have raised many eyebrows in the market, but since these are backed by concrete reasons, the majority of financial experts have accepted them with a grain of salt. The main elements spurring the exponential growth of the digital remittance market are the rapid developments in the digital space that offer benefits such as reduced transfer prices, increased access, transparency, convenience, and improved efficiency.
Are cryptos the future of digital remittances?
Considering the current market conditions and the evolved customer demands in the post-pandemic world, cross-border remittances will continue fueling the market growth until 2030. Digital money transfers are becoming increasingly popular among consumers from low- and medium-income economies. The increased acceptance of people for digital remittances have routed their attention towards blockchain-based currencies and solutions as they offer enhanced convenience, transparency, and low transfer fees.
Furthermore, cryptocurrency brings all the advantages of decentralization while neutralizing restrictions on cross-border transactions. Due to this, one can safely maintain that cryptocurrencies hold the most promise for being used as international currencies.
But is the time ripe for massive decentralization in the banking sector?
It depends. Where on the one hand consumers are readily investing in digital currencies and governments are tinkering with digital fiat currencies, widespread usability still remains to be a prominent concern.
What the world needs right now is a crypto-currency that caters to the physical-life needs of the people while swiftly enabling real-time payments and realization. If you see this as something that would occur in the distant future, you haven’t heard of the GP coin.
What’s a GP coin?
GP Coin started as a cryptocurrency project managed advisory by FA GLOBAL Finance OU after obtaining a blockchain VASP license in Estonia. After Brexit, they expanded their branch in the U.K to launch their financial services in the entire block. The project was particularly successful as FA GLOBAL BK FINANCE Ltd had extensive experience and shrewd know-how in digital content and electronic payment solutions. The timeline below shows the journey of the GP coin until 2019.
Back in 2019, the GP Coin completed partnerships with more than 40 major brands in ASIA and got listed on the Korea Exchange along with several other overseas exchanges. Today, the GP Coin can be used to withdraw, exchange, and shop freely 24 hours a day and 365 days a year.
The GP Coin’s platform (the XGP platform) has facilitated its users with numerous economical-driven solutions such as crypto wallets and payment services. Holders of the GP Coin can benefit from the following:
● Maximize the value of coin trading
● Safest ROI solution ever
● Expand undertaking infrastructure
● Low risks and high returns
If you are still wondering about the XGP platform here are some details on it. XGP is a coin
trading platform that provides a total solution for trading coins and ensures stable business investment regardless of the coin’s price. It can achieve the best profitability for the best business efficiency. Anyone in possession of the GP Coin can access the XGP platform and benefit from all its integrated staking solutions.
The mentioned integrated solutions are designed to ensure maximum transaction efficiency. Using this platform, GP Coin users can secure the maximum available benefits without getting affected by the coin market. With GP Coin’s platform, users can benefit from using
XGP Pay and Mobile Coupon.
The GP Coin has been strategically designed using ABT, ESC, and CBR solutions to speed up blockchain transactions. The best part about the GP Coin is that after the successful launch of the ICO, the company managed to secure many pro supporters and some retail investors as well. The developers of the GP Coin remain positive on the fact that the main factor driving success during the ICO was the advanced technology powering the GP coin. The team behind the GP Coin specializes in developing blockchain technology-based solutions and to further support the GP coin, the developers went forward to creatpe their own unique algorithm which was pre-tested through numerous actual demonstrations.
The GP Coin ICO set forward with a market cap of USD 100 million that was distributed into 50 billion coins. These coins were dispensed strategically into group sales (corporations, organizations, councils, etc.) and personal sales (individuals). The method of participation in the ICO was announced on the GP Coin’s official website and was advertised through an official PR channel. Here are some details on the initial launch of the GP Coin:
● Total number of issues: 50,000,000,000 EA
● Target Issued Amount: USD
● Each price: USD / 0.017 GP Coin
The pie chart below shows the allocation of the 50 billion GP Coins
So far the GP coin has been listed on the following exchanges:
● Digifinex (XGP/ETH, XGP/USDT)
● Probit (XGP/USDT)
Below are the coin parameters for the GP Coin:
● Total amount: 50,000,000,000 XPGM
● Block rewards: 2.5 XPGM
● Hashing algorithm: Mars (Equihash based)
● Block size: 1 MB
Okay, so what about the token economies?
The developers behind the GP Coin have taken an orthodox approach in devising the economic components of this project. Instead of only focusing on the monetary worth of the token, they have given due attention to the factors that influence the well-being of the entire system.
They have ensured that the inflation on the platform should be low enough to save the token holders from “Tax” yet they have simultaneously maintained that the inflation remains high enough to cover the holding expenses of the clients throughout the private and pre-sale stages. Similarly, they have ensured that the money supply is vast enough to guarantee incredible cooperation but also small enough to warrant that money velocity remains unaffected (MV=PQ).
Since its launch in 2019, XGP has enjoyed an accumulated supply of 50,000,000,000 mainnet Until now, the company behind the GP Coin has experienced commendable growth in coin holders and buyers with an estimated improvement rate of 50% on the projects. The total number of GP accumulated wallets and new GP wallets created in just three months was a staggering 70,000 with an overall transaction volume of 2.7 million.
The token lookup and release plan of XGP leverages market scalability and inflation rate to benefit the coin holders. So far, more than 40 million blocks have already been created and XGP is on an ambitious mission to become a leader in the financial markets. It is already collaborating with numerous financial organizations to drive the economic mainstream of the world using cryptocurrency. XGP has over 20 financial partners and through them, the platform has expanded its domination by creating banking products and services for the local markets.
With over 50,000,000,000 mainnet, XGP continues to foster profitability for all its stakeholders while ensuring that the staking on the platform is as profitable as mining or trading cryptos. Users on the XGP platform are required to buy and stake some coins if they desire to get added to the mining pool. There are over 1000 blocks created per hour on the platform and profits that one can make from staking are limited only by the amount you can invest and the duration you can hold on for.
The GP Coin platform has been actively transacting between 300 and 400k$ a day. The developers behind the coin boast significant expansion and market penetration into the mainstream financial market for over three years.
Below are the coin listings for the GP Coin:
● Digifinex: 42ed1c70b7ebd009b46b32e9336d65810d3c77047
● Probit: https://docs-en.probit.com/reference#token
Can you mine the GP Coin?
When it comes to mining, the GP Coin has a Master Node Policy. The master node of GP Coin is something that is only given to service participants who satisfy certain conditions.
These conditions include occupying nodes in excess of the standard quality of the service system and working to strengthen the system’s authority.
The master node contributes to users who complete all transactions within three seconds of real-time billing. This allows the master node to acquire the authority that enables it to provide services to the system. Interestingly, data miners on the GP Coin platform don’t have to configure and supplement their systems manually as in the case of Bitcoin. The organization behind the GP Coin issues special GP Coins to the miners that link them with the master node. Users with the master node also get the right to vote on the platform to make important decisions.
The most prominent benefit of the master node is its association with data mining systems including, GP Coin’s solution, traditional CPU, and ASIC equipment. Other benefits of Master Node Policy include lightning-fast real-time billing that completes all transactions in a record three minutes. The platform also allows miners to form compatible organizations within the community along with an actual realization of political decentralization with exclusive voting rights.
What are the prominent solutions provided by the GP Coin platform?
There is a wide array of solutions provided by the GP Coin platform that includes:
● ABT Solution
● ESC Solution
● CBR Solution
● Pay Solution
● Mobile Coupon Solution
ABT Solution (Arbitrage System)
The GP Coin platform provides the ABT solution that makes coin trading possible with exchanges and other asset coins that are selected as cumulative data values. The ABT solution on the GP Coin platform uses a robot that purchases coins at the lowest price for a specified period of time. After that, the coins are transferred to the exchange offering the highest proof. This allows users to accumulate huge profits by executing the least possible effort.
ESC Solution (Online)
Users on the GP Coin platform get to enjoy the benefits of an online-based solution. Here when a user purchases a product they deposit their assets in the transaction account within the GP platform. This way, the sellers are able to guarantee the GP coin from the frozen assets before the goods are finally transferred. Once the goods are transferred to the buyer, the seller is able to receive the GP coins deposited by the buyer.
CBR Solution (Offline)
When it comes to offline trading, the GP Coin platform facilitates all buyers and sellers through its CBR Solution. Since the demand for over-the-counter transactions for cryptocurrencies is at an all-time high and when cryptos will be used frequently around the globe, this demand will increase exponentially, the developers behind the GP Coin have facilitated all trading partners with the right to conduct coin transactions through the transaction center. The CBR Solution will allow all trading partners to view warranty details and transaction history for pre-configured assets.
Pay Solution
The Pay Solution at the GP Coin platform has been designed to offer safe and swift payment options to users. This solution provides are free pay system to franchise partners. GP Coin platform partners enjoy lower marketing costs and more users who can conduct seamless transactions on demand. Currently, GP Coin Pay Solution is expanding into Korea and China in a bid to forge partnerships with franchisees in the online distribution market.
Mobile Coupon Solution
This solution facilitates GP Coin platform users with prepayment solutions. Users on the platform can use the Mobile Coupon Solution to use mobile coupons from anywhere in the world. GP Coin platform already enjoys partnerships with more than 40 brands in Korea alone and is expanding its portfolio to other countries through enthusiastic and aggressive PR campaigns.
In the future, the GP Coin is the best fit we currently have. Owing to all the benefits and solutions provided on the GP Coin platform, one can safely invest in this project to enjoy handsome returns in the future.
FA Global BK Finance is a Fintech company, founded in 2011 as a consultancy on one core simple belief: improving borderless technology by giving access to ID & financial inclusion. Our foundation consistently has grown from legacy 2.0 and merged 3.0 applications products and services.
