New York City, New York Mar 22, 2021 (Issuewire.com) - TNTX, a blockchain-based cloud platform developed by LEX LLC, is aiming to implement blockchain technology into the forex market to enhance trust between all forex participants and improve the efficiency of financial institutions, as well as strengthening transaction security and provide regulatory convenience to compensate for the market’s weaknesses and contribute to the financial market’s development.
TNTX representative says that the blockchain implementation will help facilitate the worldwide financial market’s transparency and traceability, enhance transaction security, and provide regulatory convenience for the forex market. It will also make it easier for new investors to enter the forex market as blockchain can eliminate distrusts between all participants.
The forex market, a traditional form of exchange that started centuries ago, plays a vital role in the financial markets, and it remains the most liquid financial product in the world, standing at a daily volume of $6.6 trillion on average.
Create an open, transparent and credible space
“Forex market today is troubled by two trust-diminishing culprits: disparity in transaction transparency and uncertainties in the markets’ quotation methods. Both of these reasons are some of the biggest concerns plaguing the forex market today. Through several years of studies on the development of financial markets, we concluded that blockchain is the best solution to these obstacles because blockchain can create an open, transparent and credible space with tamper-proof distributed ledgers,” it explained.
TNTX, an abbreviation for Trade-N-Track, is also a cryptocurrency circulating in the TNT ecosystem.
“TNTX persevered through thick and thin with tenacity during the development phase, but we are going to continue fortifying the financial market with our expertise, skills, and experience with blockchain technology,” the representative added.
About TNTX:
Its developer LEX LCC, registered in St. Vincent, is a technology company with a core focus on developing fintech and innovative technologies. With leading Blockchain technology and in-depth application technology, the company aims to elevate global financial ecology by building a credible financial trading network that is open, transparent, and traceable through its independent innovation of Blockchain underlying technology combined with financial technology.
Media Contact
TNTX Global info@tntxglobal.com https://tntxglobal.com
