Much like the beginning stages of the 'dot-com' era, cryptocurrency has set the wheels in motion to lay the cornerstone of a modern crypto-financial ecosystem. As Bitcoin and other crypto-currencies continue to build a parallel financial world block by block, a friction-less system of economic networks is on the rise. The global round-the-clock availability and advanced functionalities of this novel crypto-economic network far exceed the limited capabilities of the legacy financial infrastructure. To sum it up, the logic behind the growing popularity of this decentralized network is simple: anything natively digital is more functional. The crypto-finance ecosystem has introduced the world to natively digital assets and consequently freed organizations from the constraints of the offline financial world.
However, as much as crypto-currencies have sparked a financial flame, much of the world remains unaware of its potential, and financial institutions continue having qualms about placing their trust in blockchain due to potential cyber-thefts. This is exactly what Prague-based Platon Finance intends to change. To put an end to all cryptocurrency-related skepticism, Platon Finance operates as the world’s first insured crypto-financial ecosystem, based on the Ethereum blockchain, connecting the classic fiat money market with modern digital currencies via its own ERC-20 standard token, PlatonCoin. Julia Tanner, the co-founder and COO of Platon Finance, explains, “At the heart of our ecosystem is a membership-based platform, Platon Club, focused on connecting the crypto-world with people who are incognizant of the intricacies and usage of cryptocurrency. They can learn in a simplified manner what cryptocurrency is and how to use it.”
Clearing the Air of Doubt around Cryptocurrencies
Julia underscores, “Most people are afraid of using the blockchain technology since they are not familiar with it. We are here to change it; thanks to Platon Club!” Platon Finance highly emphasizes the importance of the usability, security, and adoption of its platform while fostering a culture of trust among its users. Platon Club is focused on connecting the crypto-world with people who do not possess any knowledge of cryptocurrency and is designed to help them learn all about the use of virtual coins effortlessly. Additionally, it contains a list of fresh and important news about technology, finance, and more so that users are up to date with crypto-related information. Users can also earn bonuses and increase their PlatonCoins or any other digital currency by adding their peers on the platform. The bonus can be added as PlatonCoins or in any other currency of the users’ choice. For security, Platon Finance has partnered with one of the leading companies in cybersecurity, Symantec Corporation, to safeguard the data of its users. “We implement their specific security tools and products so that the assets and data of our users are safe,” mentions Julia.
At the heart of our ecosystem is a membership-based platform, Platon Club, focused on connecting the crypto-world with people who are incognizant of the intricacies and usage of cryptocurrency
Platon Finance is currently developing its B2B/B2C platform that will enable the adoption of cryptocurrency as a payment method for its business and retail partners. “Our business partners or shops/e-shops will be able to adopt crypto as payment, leveraging the platform and even connecting it to their accounting software,” Julia notes.
Most importantly, to build trust with users, Platon Finance provides them with insurance that covers all the crypto-assets, supporting up to $500000. To clarify, the co-founder and CEO of the company, Daniel Tanner remarks, “We do not offer insured cryptocurrency but an insured digital wallet solution, Platon Wallet, which can hold PlatonCoins, Ethereum or other cryptocurrencies the platform supports. The insurance covers them all.” Daniel points out that insuring something virtual is no small feat; however, Platon Finance has accomplished the same with the help of its partners—Llyod Syndicate and Symantec—who played an integral role in insuring its solution. The digital wallet allows users to manage their PlatonCoins and Ethereum while displaying the balance of other cryptocurrencies such as Stellar, Ripple, or Bitcoin Cash. Added to that, one can check the transaction history, send coins, and set-up higher security such as 2-FA by Google or Symantec in the wallet.
Besides, the company has introduced an innovative card solution whereby they provide called Platon Cards as standard payment cards that are accepted everywhere. This serves as another way of connecting the fiat money world and crypto world. Last, but not the least, Daniel sheds light on the Smart Contract solution, currently in the development phase, with which its members will be able to buy or invest in real estate properties around the world. Platon Finance treasures its partnership with OPISAS, which has proved immensely beneficial for them to devise the safe and transparent Smart Contract solution.
Another essential aspect of Platon Finance's ecosystem and mainly Platon Club is project support that offers an opportunity to its members to participate on different projects— charity, start-ups, women welfare, education, and more—of their choice. Julia emphasizes, “We place people at the center of everything we do and want them to be a part of different projects that we have included on our platform. If we are going to build something, we will build it with the help of the people. If we are going to win something, we will win it with the help of the people. We aspire to create an expansive worldwide community.” With Platon Club, Platon Finance enables users to be a part of the Platon family, build their own community, connect with others, and also earn money by actively using its platform.
With a motto “Create the future,” Platon Finance is well on its way to create its own blockchain, which will ensure that it stays ahead of the market competition and benefits the next generations. The company plans to roll out updates and features in Platon Wallet focused on usability and security this month.