The blockchain market is expected to grow to $67.4 billion by 2026. It is believed that the major drivers of this phenomenal growth are the ever-increasing rate of venture capital funds, growth spurt in blockchain technology and increasing utilization of blockchain in banking solutions, and higher dependency on blockchain for cybersecurity. Blockchain systems are also being demanded highly as a solution to making payments, creating digital identities, in government initiatives, and for smart contracts. AMDG Fintech is a step in the direction where it aims to introduce blockchain and smart contracts in businesses.
Table of Contents
What is AMDG FinTech?
AMDG FinTech is an application on the blockchain that aims to partner with businesses to provide them with easy blockchain solutions for their company. The cryptocurrency company will make tailor-made solutions to cater to the specific needs of every organization. The services being rendered by AMDG Fintech will fall into four specific categories namely, Digital currency, securities, smart contracts, and record keeping. The primary goal of the token is to bring blockchain to different types of businesses apart from banking and finance companies.
AMDG FinTech features
AMDG Fintech strives to identify opportunities for enhancement for businesses by analyzing the business needs, environment, and portfolio to advise tailor-made blockchain solutions to the company. So, in brief, the organization would
Identify pain points of the chosen business
- Identify the case used for the industry
- Develop the solution
- Deploy the smart contract
- Recommend the smart contract solution
- Implement the solution
- And finally, test the functionalities
- In brief, smart contracts are nothing but programs stored on the blockchain that run when some of the prespecified conditions are fulfilled.
Supported and restricted countries
There is no evident restriction on AMDG Fintech in any country. However, local regulations might apply to the trading of cryptocurrency.
AMDG Fintech is listed on 4 popular exchanges namely, eToroX, Crypto.com, Azbit, and Coinsbit. Common trading pairs for AMDG include AMDG/USD, AMDG/CAD, AMDG/EUR, AMDG/PHP, AMDG/INR, and AMDG/IDR.
AMDG Fintech does not specifically charge any admission fees or portal fees for viewing swap rates. However, clients need to pay exchange platform fees and network fees whenever they carry out a transaction.
How to use AMDG FinTech?
In order to buy an AMDG Fintech token, one can make use of fiat currencies (USD, CAD, AUD, EUR, GBP, etc.) as well as other cryptocurrencies like BTC or ETH. To buy, first, the investor has to download a Metamask wallet and set it up. Next, the investor has to purchase Ethereum as the base currency to be able to swap it for the AMDG Fintech token. Next, the Ethereum purchased has to be transferred to the crypto wallet so that it appears on the Metamask. To swap for the AMDG Fintech token, one has to first choose from the various DEX options and make sure that the wallet is connected to the chosen DEX. Finally, the investor can trade the ETH for the AMDG Fintech token and receive them in their wallet.
AMDC Fintech has offices in many countries including Canada, Romania, Bahrain, Pakistan, Estonia, Singapore, Oman, and Indonesia. Apart from this, the webpage of the company leads to a Contact page https://www.amdgfintech.com/#contact where one can fill out their detail to get in touch with the customer care executives.
There are no evident affiliate programs on the AMDG Fintech website.
Pros & cons
- Automation of certain aspects of a traditional business
- No interference of any third party and least scope for making any changes to the agreement or decision.
- Secured and immutable encryption systems. It also does not allow data alterations in any way.
- AMDG Fintech tokens cannot be directly bought with fiat money. The swap transactions have to be conducted to buy the token through the Metamask wallet.
- Tailor-made solutions for smart contract implementation are a time and resource-consuming process. There is scope for the development of package deals for specific business needs for reduction of effort and resource use.
Is AMDG FinTech safe?
AMDG Fintech is bringing business operations on the blockchain which is deemed to be one of the safest places for conducting financial transactions. The network of blockchain guarantees the security of finances through the distributed ledger system. The lack of intermediaries in transactions and the elimination of territorial boundaries further strengthen the system. There is little scope for data mismanagement and tampering and hence, AMDG Fintech can be deemed to be a safe place to invest.
Why Choose AMDG FinTech?
Digitization is the new normal for the banking and financial industry. In this scenario, businesses need to level up their game, especially in their financial transactions and automation to be able to compete and evolve rapidly. More and more businesses want to ramp up their FINTECH solutions and with digitization and automation supported by AMDG Fintech, the work just seems to be getting swifter.
- Blockchain technology allows a reduction in territorial barriers in business. How?
An investor can make use of his blockchain payment systems to make investments across the world with speed and ease in the transfer of funds and with the security ensured by the blockchain technology in financial transactions.
- How does blockchain eliminate intermediaries in business?
Blockchain reduced the case of third-party brokers and the dealing parties can enter into direct transactions which makes it more efficient and reduces the expense and risk of other party involvement.
- What are the different ways in which smart contracts can be used by businesses?
The different ways in which smart contracts can be used in businesses are
- Digital Identity
- Trade Finance
- Financial Data Recording
- Supply Chain Management
- Clinical Trial
- Trading Activity
- Financial Security
- Financial Services
- Governance automation
- Insurance Automation
- Escrow Automation
- Mortgage System Automation
- What is a Smart Contract?
A Smart Contract is a stored blockchain program that runs only when some of the predetermined conditions are met. These contracts are typically used for the automation execution of an agreement with certainty on the expected outcome. The smart contracts ensure reduced intermediary involvement and time loss
In summary, blockchain payment systems can be used for making payments facilitating, processing, and verifying transactions on the distributed ledger system. The tools developed by AMDG Fintech blockchain solutions are designed for individuals, businesses, and financial institutions and tailor-made by altering specific features to make it depend on the use case. Blockchains are now being accepted as a secure form for financial transactions. Blockchain technology in businesses ensures lower investment risk through a greater variety in ownership of assets. Blockchain tokens also enable improved liquidity through fractional ownership of assets. This makes the token a safe bet for the investors who are looking to put their money in the cryptocurrency.