Smart Banking Ecosystem to Shield Consumers From Volatility in Cryptocurrency Prices

A new smart banking ecosystem based on blockchain technology is offering an all-in-one platform for managing cryptocurrencies, fiat money and stocks - and hopes to make crypto payments practical and widespread.Platio believes that, eventually, all financial assets are going to be tokenized and run on blockchains - completely transforming the international financial system.

The company says progress has been slow because some cryptocurrency features are making businesses and consumers anxious.

Platio hopes to assuage concerns about unreliable consumers and merchants through a Smart Escrow tool, which helps both parties feel confident that transactions will go according to plan, as dispute resolution will be available if payments aren't made or goods and services aren't delivered.

For ease of access, the company is also going to offer virtual and physical payment cards which can be used for making withdrawals at ATMs or purchases, with easy exchanges and top-ups in both cryptocurrency and fiat.

Asset Guard also aims to help crypto holders protect themselves against volatility in the market, especially if they don't have the time to constantly check prices and make frequent trades in order to preserve the value of their investments.

Whereas the Basic plan does not require a monthly fee, the costs associated with using Platio's exchange and brokerage, and its payment cards, are higher - with limited access to Smart Escrow and invoicing tools.

Platio believes its infrastructure can help companies increase their output while reducing the expenses associated with using traditional banking systems - as well as the time it takes for many transactions to clear.

The company, which is headquartered in London, is a regulated Authorized Payment Institution under the United Kingdom's Financial Conduct Authority - and also holds EU licenses for cryptocurrency operations.

These credentials were obtained by the start of 2018.Developing the ecosystemA private presale for PGAS tokens - the utility token at the center of Platio's ecosystem - began on Aug. 20 and concludes on Oct. 7.

Finally, the public sale will start on Oct. 22 and run until Nov. 4.Looking to the future, Platio aims to have functionality for payments and remittances, invoicing, and processing for online merchants up and running by 2019.