Review on Asian Fintech by David Olayide
ASIAN FINTECH (AFIN) A TRADE BRIDGE.
Asian Fintech (AFIN) is a platform that hopes to achieve a goal of facilitating cross border trade between companies from different companies through it Again online platform. It provides an online blockchain platform for various businesses and entrepreneurs to facilitate trade and negotiations between companies.
The idea is behind AFIN is really innovative. The most important or rather one of the most important factors in trading is trade relationships and connectivity. Companies can only thrive when they have trade partners and to do this there is a strong need for connectivity. If you have a service or product to offer and there is no recipient of such services or product in your immediate environment or close by and you have no external connections, then you have a problem.
This is where AFIN comes in to provide a solution. AFIN incorporates the use of blockchain technology to expand the reach of it’s services and also make it’s services convenient and cost effective for both sellers and buyers. There are fewer trade restrictions and limitations to global market when you use the AFIN channel.
AFIN makes use of a couple of tokens and coins to run it’s services. I know of the AfinS a stablecoin which operates on the SCP consensus and the AFIN coin variable which is ERC20.
Pros
- AFIN majorly promotes connectivity between companies
- Facilitates cross border trade activities with little restrictions
- It provides a blockchain based platform for both seller and buyer and entrepreneurs to meet
Cons
- Mass adoption is needed
