Adaora Anders
4 min readOct 15, 2019

A revolutionary APP that will simplify the way we send and receive money around the globe while allowing people to communicate through an inbuilt social messaging feature. The main goal of Dexa Coin is to make the process of sending and receiving money faster more secure and with easy accessibility to anyone who can operate a smartphone device. This is done by harnessing the power of blockchain technology which will aid in facilitating money exchange like never before. By eliminating the middleman , we will simplify the process of sending and receiving money. We offer easy-to-follow directions that will allow anyone with a basic understanding of a smartphone to transfer money with low fees and no complications.
Currently it is time consuming, expensive and difficult to arrange money transfers, and several firms in this space have experienced negative publicity because of high fees, security concerns, slow process, lack of traceability etc. DEXA COIN will change all this!

“Blockchain Technology will redefine the way we make transactions across the globe. It will also redefine the way we perceive money” Adnan Altaf-CEO
Competitors in this space use traditional processes, and customer feedback is often consistently poor. Firms who offer these services receive the lowest customer feedback scores of any financial organizations! Well documented problems include slow transaction speeds, expensive bank charges, incorrect IBAN numbers, poor conversion rates, and a failure to convert currency before sending it, mixing up fees and perceived hidden charges. With the current system in place money transfers are expensive, inconvenient and also time consuming. However we are going to change that. We are creating a system that allows our users to make easy and cost effective money transfers anywhere across the globe at a fraction of a cost.
Features of the APP:

Our simple user interface will ensures that our system is easy to use. Anyone with a smartphone and an internet connection will be able to make international money transfers using Dexa Coin.

Going out for dinner? Putting fuel in the car? Picking up coffee for your team? Dexa Coin can be used anywhere that accepts contactless payments. Our NFC and QR Code payment technology will offer complete versatility for making transactions in many countries at any time.

We will offer seamless integration with most bank accounts . Linking the APP to your bank account will allow the user to connect the APP to their payment card . Example (Visa or Mastercard)

This feature gives Dexa Coin a unique, competitive edge. Instant messaging is a social feature which allows the user to communicate with people they are sending money to or receiving money from. It provides an unmatched level of communication to its users which cannot be achieved by any other platform.

We recognize that online security is a priority for our users and we are committed to ensuring that our platform will offer complete protection. Blockchain technology ensures security is robust and will be supported with a range of measures to ensure the safety and security of every user’s digital-wallet.

Apart from the extensive security features in the app, privacy protection is also an utmost priority. The instant messaging feature will have end-to-end encryption, which limits the access of any third party and ensures the messages remain private between both users . The app will further be-equipped with an attribute which detects and counters any unauthorized access in payment transactions.
Prepaid Cards:

Prepaid Cards are a convenient alternative to people who don’t have a bank account. Rolling out prepaid cards is something we want to apply for and begin at a later stage into the project. Once the card issuer grants us rights and permission, you will then be able to order for the prepaid cards and link the App to it. The Prepaid Card can be used in many cities around the world for shopping, payments and withdrawals.
The traditional network database that operates on client-server dynamic is no longer efficient with the current wave of influx in the money transfer business. Decentralized control will become one of the key components of money transfers, ultimately removing the risks that come with centralized control which include accessibility of the content.
Dexa Coin eliminates the middlemen and all other issues that come with the conventional methods of remittance and money transfer. Here there are only two players in the transaction, and offers complete transparency. As smart mobile phone usage is on the rise surpassing 2 billion users in 2016, sending money back home has never been easier. With just a few touches on the screen, one could virtually make easy money transfers to friends & families alike. It requires a far less cost, takes less time and it does not require physicality to send the money.
In addition to that, people will receive notifications on all the transactions being made through their APP. With blockchain as its core technology, it makes money transfer possible at any given time almost instantly and allows it to be Operational 24/7, 365 Days a year. At a later stage into the project, Dexa Coin plans to grow its global reach to new markets, such as implementing prepaid cards which could be beneficial to those who don’t have a bank account.
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