This platform introduces the first abstraction on crypto currency: since its value is exclusively determined by the market, it can be taken as any other available commodities to establish a correlation between the crypto value and the value of any set of Fiat Money that the end user is used to operate with. By these means, the value is held in crypto currency but the transactions and the general wallet functions are displayed in Fiat Currency to make it easier for the end user to run his business in a way he is more familiar with.
Some of the new components added to the framework by this platform are:
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Money requests and money transmissions registered to show value in fiat money
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Crypto Commodity Money Wallet
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Discount Wallet
This niche wallet performs the transaction in crypto currency but the results are displayed in fiat currency.
This niche wallet aims to protect the value stored in the user’s wallet by suggesting profitable conditions to spend it. It checks the exchange rate at the time the end user considers spending the money and compares it with the rate when the crypto value was purchased, and shows the positive difference (or gain) as a virtual discount rate to the end user at the time he considers spending it.
