Review on Ivy by Pedro O. Alvino M.
Payment processor globally
Establishing payments at a global level already stops a company or company at a banking level, certain processes and time are required, since the vision of the project facilitates the option of payments at the corporate level to any part of the world.
The platform uses a dual network architecture. This will cause token senders to operate in a public network (Ivy Public Network), and that the parties providing the financial agreement to a fiat currency participate in a private network (Ivy Private Network).
This structure involves two different tokens. If you wish to send third-party cryptocurrency to another person, you must exchange your cryptocurrency for Ivy Public Network Tokens (IVY). These will be sent to an Ivy Network contract in the Ethereum network, where they will be kept in a deposit until the transfer has been successfully completed.
Pros
- It facilitates secure and transparent business payments globally.
- It has centralized features but with decentralized operation.
- Process totally fast transactions.
- Ability to send anonymous payments thanks to the private network of IVY.
- Great long-term potential as a border payment system.
Cons
- Your native platform currency is available in a few exchanges.
- Strong competitors in the market, such as Ripple and Stellar.
