AXIA Capital Bank launches to redefine banking


Commonwealth of Dominica, July 01, 2021 (GLOBE NEWSWIRE) – The AXIA Project today announced the launch of its own dedicated digital currency banking platform, AXIA Capital Bank. The project aims to integrate AXIA Coin, its proprietary digital currency, into a variety of out-of-the-box ecosystem applications that will radically change the business paradigm for the benefit of many rather than a few. AXIA Capital Bank is the first of many financial services designed to change traditional banking and finance by focusing on a participatory, low-risk model that creates value for clients.

At AXIA Capital Bank, members earn 12% annual compound interest who is paid every day in AXIA Coin; and are able to receive 6% cash back based on AXIA parts at over 2,000 branded stores. In addition, users have access to important features that are missing from current banking services.

The high fees, cumbersome interoperability and overall bureaucracies of traditional banking services can be solved by implementing a decentralized network of solutions. Most of these pitfalls can be avoided with smart contracts, allowing for more efficient transfers between accounts, easy conversion between traditional and digital currencies, low transaction and exchange fees, as well as military-grade security with cold storage services for digital currencies.

These exceptional benefits are possible because account holders can make their money work for them through the use of blockchain and smart contract technology offered by the AXIA project. Instead of creating a business model focused on embezzling value from bank customers, AXIA Capital Bank developed a model designed to improve long-term adoption of blockchain technology and AXIA Coin, their disruptive new form of money. to deliver continued value to the AXIA community. members.

Equally important is the fact that user funds are inherently more secure on the platform. Traditional banking relies on a fractional reserve system that uses deposits from account holders to issue loans of which the bank is the sole beneficiary. At AXIA Capital Bank, depositors retain the flexibility of having their funds held in any form of currency of their choice and can eliminate the risk of unsecured lending programs. The platform also offers free custody and storage for members who bank in AXIA Coin.

“The AXIA project team believes that banking and financial services are a fundamental human right. AXIA Capital Bank has removed the barriers to entry that prevent many people from participating in the global financial system because everyone deserves access to a better financial future. In addition, AXIA Capital Bank is redefining banking by providing all required financial services in a customer-centric manner, while ensuring that no balance sheet risk exists as is the case with conventional banks. AXIA Capital Bank is structured to offer its members the highest level of safety and security. – AXIA founder Nick Agar

AXIA Capital Bank is part of an expanding ecosystem of blockchain solutions that deliver value to its users.

About AXIA

AXIA Coin is an asset-backed global currency, using innovative blockchain and smart contract technology standards to disrupt traditional financial structures, lower participant costs, and advance a more equitable and inclusive business model globally. As a network, AXIA integrates multiple complementary applications that will be at the forefront of the pace of the decentralized economy to drive widespread adoption in improving business processes globally. The currency provides sophisticated solutions that ideally replace the fiat payment system and also improve on existing cryptocurrency models.

Related links

Website: https://axiacoin.org/

Telegram: https://t.me/axiacoinofficial

Twitter: https://twitter.com/AxiaCoin

AXIA Capital Bank: http://www.axiacapitalbank.com

Media contact:

Robert Penington

[email protected]

The contents of this press release are not intended to be legally binding. Nothing in this press release shall be deemed to constitute a prospectus of any kind or an investment solicitation, nor does it relate in any way to an offer or a solicitation of an offer to purchase securities in any jurisdiction or a recommendation to purchase any AXIA tokens. Any purchase of AXIA tokens will be governed by the terms of a separate token purchase contract or similar contract. Any such agreement will be subject to the terms and conditions set forth therein, including, but not limited to, restrictions on the jurisdictions of participants and requirements to provide Identity Verification Documents (KYC) to the satisfaction of ‘AXIA.

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