Business
Building an entire Financial Ecosystem around Escrow and a Stablecoin - APT Systems Inc. (OTCMKTS: APTY)
Building an entire Financial Ecosystem around Escrow and a Stablecoin - APT Systems Inc. (OTCMKTS: APTY).
About this update from Apt Systems Inc.
[{"type":"text","content":"CEO sees Verifundr as a way to bring back trust and launch them into a Billion Dollar Escrow Market in 2023APT Systems Inc. (APTY Pink) is monitoring the accelerated pace of digitalization which is forcing most people’s working practices and lifestyles to undergo profound changes. The digital economy with digital payments and a fully integrated digital life is now central to society.Without exaggeration, 2022 was the most turbulent time for the Blockchain family. Yet, the fintech sector remains optimistic by noting that North America is dominating in Blockchain adoption, and as governments and banks further welcome the technology, this trend is likely to intensify. APT Systems has embraced this trend by developing its own financial ecosystem that will offer everything from escrow and smart contracts to trading services backed with a stablecoin. Spera stablecoin launched earlier this year, remains in a good place due to its custodial arrangements and other safety measures established early on by the Company.APT Systems is working diligently to develop payment services to support escrow as a financial platform and unique research tools for traders of all types, with a focus on gatekeeper and data protection functionality. APT appreciates that Blockchain adoption can revolutionize not only the state of finance but governments, insurance and personal identity among the other fields. More than 90 percent of banks are researching Blockchain options and APT is looking to be compatible as part of its wallet and payment initiatives. Companies employ Blockchain distributed ledger technology to increase transparency in data management, create smart contracts and to help reduce fraud in its various forms.A key element of APT’s ecosystem is the wallets to hold and exchange Spera stablecoins (SPRA), which is backed by United States dollars and Company’s gold reserves. Currently Spera has 2% gold backing and the issuance of Spera and gold content can be increased based on public demand.The Company sees the Verifundr escrow platform as a bridge between fintech and the old cash economy by offering both traditional banking and Blockchain to send international payments from escrow accounts to meet the needs of the underserved global escrow market, with added attention to transactions under US$250,000.Verifundr will help customers to achieve safety...