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Platio – Smart Banking Ecosystem


Crypto-friendly banking. Pay and be paid in crypto or traditional currencies, by card or bank transfer

About Platio

Platio is the banking solution for businesses that need to seamlessly and securely manage both crypto and traditional currencies. Powered by EOS blockchain technology, Platio enables users to pay salaries and suppliers with whichever asset they choose, by card or instant transfer.

Platio will meet the banking needs of the new crypto-fiat economy, empowering our users to take advantage of the best of both crypto and mainstream finance. Platio will also offer Asset Guard and Smart Escrow, innovative built-in safeguards for crypto assets and transactions. These are set to increase confidence in crypto as an asset and drive its global adoption.

Platio is an international fintech company licensed by the FCA and headquartered in London. The company holds European licenses for crypto operations and is an Authorised Payment Institution.

What is Platio?

Platio is a platform that is building smart crypto banking solutions that will utilize a one-window solution that allows businesses and private users to be able to make payments and run their financial operations in cryptocurrency, fiat, and stock currencies in one place. Ecosystems will allow payment in both fiat & crypto to increase crypto savings utilities based on two great features – Asset Guard and Smart Escrow. Platio has seven products to perform certain smart banking functions:


All Platio users will get the opportunity to make more complicated fund transfers and financial operations in one easy-to-use interface:

Make an agreement
In crypto and fiat use Smart Escrow that will resolve conflicts between parties

Protect
Crypto, fiat, and stocks of volatility or risk of losing access

Trade & exchange
On one platform in crypto, fiat, and shares

Receive
Crypto and fiat via Invoice & Processing for businesses and individuals

Keep
Crypto, fiat, and shares in one place

Spend
Crypto and fiat with plastic or virtual payment cards

Pay
In crypto and fiat using SWIFT / SEPA / OCT

Transfer
Crypto, fiat, and shares for free inside the Platio Ecosystem

Why Platio?

At present, traditional banks are very selective in providing their services to crypto users in their banking systems. They haven’t tried to embrace the era of digital coins, or the way cryptocurrency evolved. Because it is fully compliant, regulated and technologically advanced, Platio will solve this problem with easy access to the Platio Ecosystem by using asset tokenization based on EOS technology, and supporting three types of assets, namely: crypto, fiat, and stocks. In particular, Platio’s goal is to provide solutions to crypto users as follows:


The role of Blockchain

Platio will build personal Sidechain based on EOS technology and a series of smart contracts that have been previously supported.

Blockchain Platio will ensure all internal business processes are safe, fast and transparent. The efficiency created through Blockchain will increase the organization’s output and help reduce the transactional costs and processing time associated with the traditional banking system. All assets in the Platio Ecosystem will be ratified. The loaned assets will be used for internal transactions and smart contracts in the Platio Ecosystem.


Features
  • Platio Asset Guard is a unique product based on smart contract, which will guard all assets of the participants against market volatility.
  • Auto Exchange also allow users to protect their assets against market volatility through automatic asset exchange.
  • Standby Transfer. Here if a user is inactive for a specific period of time and the period expires without a login, all his chosen assets can be transferred to his Platio account according to his conditions.
  • Platio offers its users plastic or virtual payment cards supported by international payment companies. It aims to allow its users to convert any cryptocurrency to fiat through the Platio cards. The Platio app will also allow its users to activate or top-up their payment cards.
  • Users can transfer any asset internally be it fiat or crypto through the Platio platform. The transaction fees and processing time is also very low.
  • All services are offered through SWIFT, SEPA or Ripple payment networks.
  • Original Credit Transaction or OCT will be provided to the users for payment purposes. Platio card users can make direct card-to-card payments. To use OCT transactions all KYC procedures must be duly followed.
  • Platio Merchant Processing API will directly link the buyers to the merchant’s websites where they can review and make purchases of the products.
  • Smart Escrow is built on smart contract and it monitors high-risk products and products with high monetary value. It will resolve any problem regarding settlement, terms and conditions of a deal, conflicts regarding payment etc.
  • There is an interactive messenger system for hassle free processing of transactions.
  • Escrow accounts that will allow cross-border transactions, online shopping, payment to investors or contractors etc.
  • The PGAS token will be used for all transactions, payment of subscription fees, commissions etc.
  • The Platio App is the user’s guide to the ecosystem. The interface will help its users to make deposits, withdrawals and all kinds of transactions in the system.

PGAS Token

PGAS is an Ethereum-based ERC-20 utility token that will be used for transactions on the platform.
Cases of using PGAS:
  • Payment of commissions and fees
  • Payment for subscription
PGAS will generate revenue for the Platio Platform because each transaction will create transaction income or subscription income.

We expect that the growth of PGAS values can occur for two main reasons, namely:
  • Increased demand for tokens because the number of users of the Platio Ecosystem continues to increase, more subscriptions are purchased, and more transactions are executed.
  • Burning 50% of the internal Platio commission to around 10% of PGAS tokens will be left in circulation in the Platio Ecosystem.
Info Token


Team Member


Platio – Smart Banking Ecosystem Platio – Smart Banking Ecosystem Reviewed by haw on November 13, 2018 Rating: 5

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