Businesses should adopt blockchain, says Koibanx

The global health and economic crisis caused by the COVID-19 pandemic is having a very strong impact on companies around the world.

 Businesses should adopt blockchain, says Koibanx

Digital transformation

The global health and economic crisis caused by the COVID-19 pandemic is having a very strong impact on companies around the world. In the midst of this situation, many companies have begun to look for solutions to cope with the crisis. In a statement, the payment startup that uses blockchain technology, Koibanx, affirmed that blockchain technology can be a great solution for companies to start the digital transformation and achieve lower operating, temporary, logistics and other costs. In the statement, Koibanx states that: "Faced with the strong global economic crisis that is being forged due to the recession caused by COVID-19, the public and private sector must go out to take measures to face the losses presented by the markets . To boost the economy and strengthen it, technology must be implemented to optimize each of the processes.”

Koibanx is a firm that uses blockchain technology to grant high levels of security and transparency to its digital financial infrastructure that connects with Banks, generating digital assets.

Koibanx COO Leo Elduayen explained: “We have the ability to reach more users thanks to the technological advances in general that have occurred in the last decade in terms of internet use and the insertion of smartphones. The use of virtual money in people's minds as an everyday thing. All this paved the way for digital assets to be just another currency. That is where we work, in the last mile, bringing a mobile phone payment platform secured by cryptography of Blockchain technology and at more competitive prices than others on the market.”