Review on Chimpion by francis fernandez
connecting cryptocurrencies with FIAT money
Traditional banking for many is a symbol of trust due to its long history; however, e-commerce is seen by many as offering greater security and multiple functions.
Chimpion is a commercial platform where part of both banking and financial services systems converge.
One of the characteristics that consolidates this premise is constituted by the consolidation that the Chimpion platform makes by bringing together FIAT money and cryptographic assets under a single infrastructure.
This is possible thanks to the use of innovative blockchain technology that allows a triple connection between coin settlement systems, points of sale and digital commerce. All this consolidated in a cryptographic wallet with the security offered by the distributed ledger.
Thus, the Chimpion wallet offers a triple solution to the most critical points that are presented to merchants and users when managing both cryptocurrencies and fiat money.
In this sense, Chimpion allows its users:
• Accept payments in digital currency stores
• Make settlements in digital money with the conversion into a stable value currency, by merchants
• Top up balance on debit cards of the Mastercard consortium
• Obtain financing in card promotions
• It has security mechanisms for data encryption, anti-hacker, IP blocking, delays in malicious transfers, among others.
• Instant notification systems
As we have observed, Chimpion is a comprehensive ecosystem that allows us to manage both our cryptocurrencies and fiat money safely and in a multi-functional way.
Pros
- Allows users to use cryptocurrencies as a form of payment
- Allows merchants to convert cryptocurrencies to FIAT currency, using a stable value asset
- Connects a secure wallet to points of sale, digital commerce and settlement systems
- Concentrate under the same infrastructure the fiduciary money of your bank accounts with the cryptographic funds of the holder
- Allows online bill payments in multiple currencies
Cons
- No disadvantages of use
