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AXIA Capital Bank will focus on a participatory and low risk model that creates value for members

Commonwealth of Dominica, July 1, 2021 – The AXIA Project today announced the launch of its own dedicated digital currency banking platform AXIA Capital Bank. The project aims to embed AXIA Coin, its proprietary digital currency, into a variety of ready-made ecosystem applications that will radically change the economic paradigm for the benefit of the many instead of the few. AXIA Capital Bank is the first of many financial services that is designed to alter traditional banking and finance by focusing on a participatory and low-risk model that creates value for clients.

At AXIA Capital Bank, members earn 12% annual compounded interest which is paid out every day in AXIA Coin; and are able to receive 6% AXIA Coin based cash back at over 2,000 brand name stores. In addition, users have access to important features that are absent from current banking services.

High fees, cumbersome interoperability, and the overall bureaucracies of traditional banking services can be solved by the implementation of a decentralized network of solutions. Most of these pitfalls can be avoided with smart contracts, allowing for more efficient transfers between accounts, easy conversion between traditional and digital currencies, low transaction and currency exchange fees, as well as military-grade security with the cold storage services for digital currencies.

These exceptional benefits are possible because account holders are able to have their money work for them thanks to the use of blockchain and smart contract technology offered by the AXIA Project. Instead of creating a business model focussed on siphoning value away from bank customers, AXIA Capital Bank has developed a model designed to enhance the long-term adoption of blockchain technology and AXIA Coin, their disruptive new form of money to deliver continuous value to AXIA community members.

Just as important is the fact that users’ funds are fundamentally more secure on the platform. Traditional banking relies on a fractional reserve system that uses account holders’ deposits to issue loans where the bank is the sole beneficiary. At AXIA Capital Bank, depositors maintain the flexibility to have their funds held in any form of currency they choose and can eliminate the risk of insecure lending schemes. The platform also offers free custody and storage for members who bank in AXIA Coin.

“The AXIA Project team believes that banking and financial services are a basic human right. AXIA Capital Bank has removed the barriers to entry that exclude many from participating in the global financial system because everyone deserves access to a better financial future. Furthermore, AXIA Capital Bank is redefining banking, providing all the required financial services in a customer-centric manner, while ensuring no balance sheet risk exists as it does with conventional banks. AXIA Capital Bank is structured to provide its members with the utmost level of safety and security.” – AXIA Founder Nick Agar

AXIA Capital Bank is part of an expanding ecosystem of blockchain solutions that provide value for its users.

 

About AXIA

AXIA Coin is an asset-supported global currency, utilizing innovative blockchain and smart contract technology standards to upend traditional financial structures, lower participant costs and advance a more equitable and inclusionary economic model on a global scale. As a network, AXIA integrates multiple complementary applications that will pioneer the pace of the decentralized economy to drive mainstream adoption in improving business processes globally. The currency provides sophisticated solutions that serve as an ideal replacement to the fiat payment system and also improve on the existing cryptocurrency models.

Related Links

Website: https://axiacoin.org/

Telegram: https://t.me/axiacoinofficial

Twitter: https://twitter.com/AxiaCoin

Media Contact:

Robert Penington

Robert@thronepr.com

The content of this press release is not intended to be legally binding. Nothing in this press release shall be deemed to constitute a prospectus of any sort or a solicitation for investment, nor does it in any way pertain to an offering or a solicitation of an offer to buy any securities in any jurisdiction or a recommendation to purchase any AXIA tokens. Any purchase of AXIA tokens will be governed by the terms of a separate token purchase agreement or similar agreement. Such agreement shall be subject to the terms and conditions set out therein including, but not limited to, restrictions on the jurisdictions of participants and requirements to provide identity verification (KYC) documents to the satisfaction of AXIA.

Certain statements in this press release may constitute forward-looking statements or speak to future events or plans. Such forward-looking statements or information involve known and unknown risks and uncertainties, which may cause actual events to differ materially. No reliance should be placed on any such forward-looking statements or information. The information shared and displayed herein is provided as is and is to be used or relied upon entirely at your own risk.

The information provided does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

The appearance of third party advertisements and/or hyperlinks does not constitute an endorsement, guarantee, warranty or recommendation by AXIA. Conduct your own due diligence before deciding to use any provided or suggested third party services.

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