Nexty platform is a huge stride towards the future of payment. We have been accustomed to using hard cash or bank transfer whenever we are part of a transaction, but Nexty is introducing us to a faster, cheaper and secure means of making payments. This platform assures its clients of instant transfer, zero transfer fees, and a price stabilization system. Despite the extensive research and innovations that have been done on the banking systems, some transactions still take up to three days which is too long for an entrepreneur or a client with daily payment arrangements. The world is also trying to be small village through globalization but the constraint of difference in currencies and the ever-fluctuating exchange rate has made that goal an impossible one. Nexty is making it easier to get there due to the use of NTY coins. One NTY coin is worth $0.000385, the price can be translated to any currency and one can buy the coins. After having the coins wherever the holder
Without any doubt, Information Technology has had a considerable impact on the financial sector, from banking to the stock market. In fact, people now use smarphones to process transactions in the comfort of their homes with the tips of their fingers. Money transfers are made, account balances viewed, and payments received without much stress. Local financial transactions are now conducted and confirmed just within 2 to 3 minutes. The Main Problem However, international financial transactions are still beset with sundry challenges and such operations could take a week or more to be effected (depending on location). The problems faced include the long time needed to clear the transactions with the central clearing houses (or banks) and the prohibitive charges. Though the introduction of blockchain technology gave IT experts much more hope of overcoming these challenges, yet the problems still persist. Initially, the international financial transaction processing time became sho