Zodiaq is a crypto-fiat platform for the implementation of settlement, guarantee and clearing operations.
Zodiaq is a crypto-fiat platform for the implementation of settlement, guarantee and clearing operations. It includes a bank, an exchange, a hedge fund, and a payment operator (PSD2 compliant).The strong side is that our bank have a licence for operations both in fiat and crypto currencies, and a banking software that is ready and operational. The bank connected to SWIFT and have FATCA JIIN. Exchange and hedge fund software are developed and in a testing stage. On ICO we raise funds for further development and scaling.
Zodiaq is a crypto-fiat platform for the implementation of settlement, guarantee and clearing operations.Zodiaq currently has its own bank, having a license for account opening andproviding any operations (account management, performing transactions) both in crypto and in fiat currencies, as well as its own cryptocurrency exchange.
Zodiaq is planning to realize own flexible platform on basis of open API and to debug the solution in the context of compatibility with its house bank. Purpose of this process - to provide a ready-made solution to other banking sector players, the implementation of which will require minimal resources, allows fin-tech companies to become an independent link in the daily transactions of Zodiaq’s customers to create their own infrastructure solutions without the need for development from scratch.
The use of blockchain technology at the heart of the system will increase credibility to service. This technology functions without the centralized management, therefore, is not subjected to influence on cost and terms of transactions.Zodiaq strategic aim is formation of new financial infrastructure, which will replace classical banks as a managing service for implementation of transactions between contraparties.
Due to the widely developed infrastructure of relationships with a large number of financial services and the formation of its own foreign exchange reserves, post-trade processing consumer services will be launched within core business units of Zodiaq system. This mechanism will allow instant cashless transfers in the local currency ZOD for counter obligations between users and companies for sold and delivered goods, financial instruments and services performed, based on clearings within the ecosystem contour.
ZODIAQ system’s structure of income.
Zodiaq project as any infrastructure project has a commission structure of income.• Transaction banking• Processing of payments;• cryptocurrency acquiring;• Card programs;• Currency exchange;• Arbitration;• Brokerage service;• Liquidity lease.