Industry Problem and Solution
Large crypto trading companies rely heavily on wire transfers to exchange for cash deposits daily to traditional banks. Since cryptocurrency value changes so quickly, waiting for a wire transfer to complete over a weekend can cause businesses thousands of dollars. Through a complicated, blockchain enabled back-end system,
with many partners and moving parts, Transparent Systems built a new payment platform that allowed companies to exchange crypto for dollars and transfer to banks
in real-time, all backed by 100% by US dollars.
Product Overview: XAND
While many pieces of the final platform would be direct API integrations, there needed to be a front end wallet as a way for controllers (and other users) to process and pass through payments. The wallet needed to provide the user 4 major features:
ashdjfhakdhfajlkh