Table of ContentsIntroductionFXP – Decentralized Payment GatewayStakeholdersCommunity, Incentives, Fiat ConversionIntroductionFinance is one of the main sources of income of every economy. Currently, fiat exchange has taken on new dimensions. For the moment, virtual trading is the benchmark. Countries are not required to visit each other to conduct trade. They use the virtual aspect and foreign exchange (FX) is the best way to achieve this. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay There have been economic downturns in some countries. This is because their contribution was more than what they gave. Therefore, when a country incorporates more foreign currencies into its finances without bringing them to par, there is a tendency toward recession. Whether you are a stockbroker or an individual carrying out your business, you will definitely be affected by the position in the foreign exchange market. To trade in the forex market, you need to consult brokers to help you with your transactions. The current market model is not favorable as brokers charge high fees for their services. The process usually takes several days to confirm the transaction. FXPay uses the latest technologies to bridge the gap in the industry. Fully backed by on-chain technology, the platform will go the extra mile to bring a decentralized approach to the industry. FXP – Decentralized Payment GatewayFXP is the official token of the platform. This will be the main source of transactions on FXPay. Regarding its functionality, the token was based on the popular Ethereum blockchain. It is therefore an ERC20 compliant token. FXPay uses on-chain technology to completely decentralize the foreign exchange market. By releasing the FXP token into the system, there will be synergy in terms of transactions. At the moment, the foreign exchange market only accepts fiat currencies. Cryptocurrencies are barely visible in the market corridors. FXP will cover this problem by allowing its users/investors to easily trade on the market using the token. The token can be easily exchanged for fiat and fiat can also be converted to FXP token. Regardless, the token will be very useful for crypto currency investors who want to get the most out of the market.StakeholdersTo make the system dynamic, FXP has paved the way for many users to participate in it. These stakeholders play different roles to ensure the success of the system. There is the trader who uses the currencies in his digital wallet for foreign exchange transactions. The broker serves as a channel that connects both the market and the trader. The broker receives funds from the trader and places stakes in the market on his behalf. FXP is the liquidity provider. Liquidity provider here implies a financial institution providing foreign exchange services to the parties involved. The premium broker is another FXP player. It has the same delegations as the liquidity provider. Community, Incentives, Fiat Conversion The platform plans to create a community of like-minded investors. The main focus is on the broker. The idea is to allow brokers to trade in the forex market by leveraging on-chain technology. Brokers and traders can earn and reap immense benefits from the platform. Traders who have the FXP token in their wallet are expected to benefit from financial benefits..