I was sharing on Twitter in the last weeks a few updates about QUOINE and their new platform that is coming soon. I am very enthusiastic, even if I hadn’t talked about it until now on my blog.
After my posts in social media, a lot of people asked me to explain plain and simple what does QUOINE mean, what are they trying to do, what is the Liquid platform? What is World Book, Qryptos, Quoinex, and the Qash token? A lot of terms, I know. I will try to explain below exactly what everything means.
QUOINE is one of the first global blockchain fintech companies, regulated by the JFSA (short for Japan Financial Services Agency).
QUOINE launched two exchanges:
- Quoinex – fiat/ crypto exchange
- Qryptos – crypto/ crypto exchange
These exchanges are very intuitive and easy to use, with multiple interfaces, for basic trading and for professionals. They have very low fees, which make it easy for anyone to buy and sell crypto. You can also trade from your smartphone, using the Quoinex app. This app is an advanced, but friendly UX platform, you can find it on Google Play and App Store.
People at QUOINE take everything very seriously, so they are promising to keep all of the assets, in cold storage to prevent cyber attacks.
Liquid by QUOINE will be a new and revolutionary crypto exchange platform. Basically, Quoinex and Qryptos exchanges will be merged into a new platform, named Liquid. This new platform will give you the opportunity to buy and sell using multiple fiat currencies, also crypto, such as QASH, Bitcoin, Ethereum but also many other digital assets, including well known coin but also new ones that will be discovered. So, Liquid will bring you lots of trading options.
The World Book
Liquid will be powered by QUOINE’s World Book. The World Book gives the opportunity to all traders to benefit of enhanced price matching and also a deeper liquidity for different fiat and cryptocurrency pairs, across the globe.
QUOINE have developed a proprietary technology that will process hundreds of millions of transactions per second and will actually provide real time feeds from all global major exchanges. It will have a full suite of really advanced trading tools including fiat on ramp options and credit facilities for users to borrow or lend, using fiat or crypto as collateral.
QASH, their blockchain token which fuels Liquid, will be the preferred payment token for financial services.
This token will be rebranded into Liquid Token, when the Liquid platform goes out.
As more financial institutions, fintech startups and partners adopt QASH (future Liquid) as a method of payment, the utility of QASH will scale, fueling the fintech revolution.
QUOINE published recently some great informations regarding their mission statement, I am going to copy it here:
“Making financial services accessible to all. As the world’s population surpassed 7 billion, over 2.5 billion people are still unbanked/underbanked. The income disparity getting worse every day and it is clear that the existing banking system has not been able to fix this problem. At the same time, almost everyone in the world now has a smartphone. With a smartphone wallet and crypto, everyone now has access to digital currencies. This is the future of finance. Our mission is to make financial services accessible to all.” source
QUOINE’s Values are developed keeping all customers in mind.
QUOINE wants to become the world’s largest fintech company, that provides next-generation financial services powered by blockchain technology. They are currently only an exchange but they are also building the Liquid Ledger to help power those next-generation financial services.
They are trying to make financial services available to everyone. And I am sure they will succeed.
You can find out more about QUOINE here.
Have you heard about it? Please let me know in the comments below.
Image source: https://www.liquid.com/