Edgecoin — World’s First Educational Digital Stable Coin Payment System
Introduce
The shortcomings of current digital currencies, including Bitcoin, are its limitations in the education sector, where a stable digital token is required for use by employees working or participate in the education system. However, a team managed by LA Investment Ltd and supported by Girish Chandra’s University team, studied the weakness in the current system. They have now successfully programmed a new Stable Coin that fills the gaps previously left in the relationship between cryptocurrencies and payments in the Education ecosystem.
Edgecoin is an Education Stable Coin that provides an open payment system for educational institutions where individuals can conduct education related transactions such as enrollment fees, accommodation and books through decentralized applications to get paid at similar speeds to the Internet while still making full use of the educational infrastructure, regulation and stability of the traditional financial process system.
About Edgecoin
Edgecoin enables participants to benefit from the regulation of blockchain technology and education regulators, allowing them to trade with trustworthy and secure assets that are guaranteed and valued against the dollar.
Edgecoin Payment system has been built to bring complete transparency, security, and process efficiency to the education payment system. Edgecoin is a completely decentralized system based on a stellar blockchain.
Aim of Edgecoin
Edgecoin aims to improve education monetary functions by taking full advantage of blockchain innovations and ensure it is trustworthy through traditional education finical infrastructure. In short, the stable Edgecoin issued by the L. A Asset Management Ltd. that is supervised, managed, and audited and in strict accordance with the 1:1 ratio of a dollar in full, can integrate both the trust, stability of the dollar, and the availability, timeliness of digital assets.
Vision of Edgecoin
The basic and long-term vision is to provide a peer-to-peer secure and transparent digital payment system for Educational Institutions based on blockchain technology with the help of DApp powered by Stellar Network.
Feature of Edgecoin
- Transparent System: In Edgecoin, digital payment on all transactions is public and safe as the transaction cannot be altered in any manner because of blockchain technology. The unique features of blockchain create a secure and transparent environment for all the parties involved in the transactions.
- Security: Edgecoin processes a transaction through a smart contract-driven payment system directly built into the platform. As a result, payment is transferred in a safe environment and this blockchain technology eliminates the problem of data security.
- High Speed: EdgeCoin is based on the STELLAR blockchain. Thus, transactions are processed within 5 to 10 seconds, which is much faster than other cryptocurrencies or fiat payment systems. In addition, the transaction fee in the STELLAR blockchain is negligible — .00001 XLM per transaction (i.e. 1 cent per 1000 transactions). So payments for educational services become cheap and instant.
- KYC and AML: EdgeCoin implements extremely strict and reliable KYC and AML procedures. Thus, educational institutions will always know who paid for what. However, students will have to deal with paperwork only once — when they join the system.
Conclusion
Edgecoin is a payment solution designed primarily for the education sector. Using the latest advancements in blockchain technology with all its advantages of increased security and amazing processing speed. It is a solution to a long-standing problem that has plagued the education sector.
Don’t miss the latest project information at:
Website: https://www.edgecoinpay.com/
Facebook: https://www.facebook.com/edgecoinpay
Twitter: https://twitter.com/edgecoinpay
Telegram: https://t.me/Edgecoin_chat
Youtube: https://www.youtube.com/channel/UC5ekVAo2GXdMPcM03Y6r78g
Instagram: https://www.instagram.com/edgecoinpay/
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