- FEXD is working to develop a global financial technology ecosystem comprising a network of mobile money platforms, technologies, applications, products, and services
- The company aims to use emerging technologies like blockchain, web 3.0, AI, and the metaverse to reduce costs and accelerate the processing of money transfers, loans, and other lifestyle services
- Blockchain is disrupting financial institutions in new ways, creating an entirely new market and an avenue to bank the unbanked
- It offers benefits such as speed, security, accessibility, transparency, and cost reductions
- FEXD hopes to leverage emerging technologies like blockchain to ease the process of moving money across borders
When Satoshi Nakamoto, a mysterious figure whose identity remains unknown more than a decade later, launched Bitcoin, a digital currency built on top of a peer-to-peer network that recorded transactions by “hashing them into an ongoing chain of hash-based proof-of-work” that could not be changed “without redoing the proof-of-work” (https://ibn.fm/9rYlI), they may only have had an inkling of what they had set in motion.
But as revolutionary as the idea of a digital currency backed by a proof-of-work chain, later renamed the blockchain, appears presently, it did not immediately catch on, much like most technologies. While Satoshi published their proof-of-work white paper in 2008 and launched Bitcoin at the beginning of the…
NOTE TO INVESTORS: The latest news and updates relating to FEXD are available in the company’s newsroom at https://ibn.fm/FEXD
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