By David Mogaji
Businesses in Africa have long been starved of a true online payment option which is seamless, economical, fast, reliable and truly secure for both merchants and consumers. This has led to the mismanagement and the eventual shutdown of many businesses all over Africa.
Many of the existing payment options available to Africans are centralized which makes them very vulnerable to malicious attacks which could compromise their servers and result to the jeopardizing of merchant transaction records which is paramount for decision making.
Axe has constructively analyzed and evaluated the failures of existing payment options and has innovatively designed a payment system with a comforting user-experience that doesn’t just secure user transactions on real-time but also strategically places each transaction within its block explorer for easy retrieval.
Axe is a decentralized hybrid PoW/PoSe system developed by a participant in the development of Dash, it uses virtually identical codes as Dash and is known for its speed, low transaction fee, and top-notch privacy; yet removing several centralized control mechanism of Dash, making it a more decentralized and community-centred eco-system and hence safer.
Axe utilizes the x11 algorithm to ensure transactions within its blockchain is not just highly secured, but also reliable and fast. It is essentially a payment system with a virtual ledger capable of recording and verifying high volumes of digital transactions that can always be referenced and used for various levels of decision making.
It was designed with the core values and interests of users at heart as it provides a powerful decentralized governance system with various degrees of blockchain investments such as its masternodes system which rewards users beautifully for storing Axe.
Axe is listed as a key payment option on the mobilepaycoin marketplace which is a decentralized e-commerce system which enables the purchasing of goods from various vendors worldwide.
Axe doesn’t just give merchants and consumers control over their finances, it gives them the chance to truly earn passively through their savings. This is the reason why we are witnessing huge merchant and consumer adoption in countries like Ukraine , Brazil, Russia,
Bangladesh, and China. Merchants in these countries have come to realize that to run a successful business, they need a payment option that both merchants and consumers can rely on its efficiency whenever and wherever.
Axe is the ideal solution to the problems faced by merchants and consumers in Africa, as it takes a strategic and innovative approach to ensure that payments and collections alike are processed on real-time; eliminating time wastage.
Axe facilitates cross-border transactions as it takes a borderless approach towards transaction processing, meaning the transaction fee is the same no matter your geographical location. Businesses can now operate at their maximum capacity with the guarantee of a simplified and smoothed business-to-business (BSB) and business-to-customer (B2C) experience.
Axe is a decentralized ecosystem that is geared towards delivering better, faster, secured, private and more reliable method of payment in Africa and the rest of the world.