Global Payment Network And Record Keeping Blockchain ProtocolGet Updates
Traxalt is a digital currency (TXT) and blockchain protocol that creates a massive scale payment processing, data hashing, information collecting and reporting APIs for businesses that want to create a transparent and trustworthy ecosystem to transact with, as well as simplify their record-keeping for payments.
Sending funds on chain can be cleared and settled at nominal costs and a fraction of the time of traditional banking systems.
Traxalt and TXT will create a public payment network for cross-border financial transactions.
Traxalt and TXT will serve as a blockchain asset on a publicly auditable chain.
Traxalt will provide enough liquidity to be used as a digital currency.
Traxalt will work with businesses to create new markets and uses for TXT.
TRAXALT Token (TXT) | TRAXALT Ledger
Large business enterprises make global payments to other businesses, their employees, contractors, and affiliates and spend an enormous amount of resources tracking these payments and doing middle office accounting, analytics and reporting. Important business data is often lost or not collected due to the size of these organizations. Companies often cannot track where payments are going or what they are made for. In addition, they have no idea how to reduce the costs of operations.
Problems often arise with data collection, reporting and analytics in digital record-keeping. These can be particularly important in businesses involved in licensed financial services where data can make a significant difference in the company’s bottom line. This and other industries can benefit from tracking data in a scaleable blockchain solution. It is a simplified way to mantain records in a secure manner.
In the first two stages of TRAXALT Platform development: TRAXALT proposes a solution for handling internal transactions for businesses that aim to increase transparency. In these stages, TRAXALT Token (TXT) on STELLAR blockchain will be utilized for arbitrary data identification, hashing, and time-stamping on the STELLAR Blockchain. Once any particular data is stored on the blockchain using TRAXALT Protocol, it can be verified, measured, analyzed and reported without relying on any trusted third party using the TRAXALT Ledger. This means taking control of your own data in a transparent, secure manner.
Official Issuer Account:
We are currently writing a whitepaper describing the overall functioning of the TRAXALT NETWORK.