iTransa

About iTransa Android App

iTransa is a QR code based transaction network and has its own native digital currency called XiK. There are lot of challenges in today's (traditional and digital)payments system, iTransa is aiming to set new standard for how payments should work in the digital currency era by combining the best of blockchain technologies with the best of traditional payments, iTransa provides consumers and merchants everywhere with the easiest, most cost-effective and most reliable way to pay.

LIMITATIONS OF TRADITIONAL AND DIGITAL FINANCIAL SYSTEM

At present, cryptocurrencies function fairly well as an asset, but remain virtually impossible to use as a means of payment in everyday life: users have to manually sell their crypto assets on an exchange, then transfer the resulting amount in fiat currency to their bank account. Only when this transfer is completed can they use these funds to make purchases.

Blockchain might just be the technology that will change how we perceive financial and banking services; completely new ways of adding value to customers will emerge.

Limited global availability

Traditional financial system has inability to offer accessible ,reliable and affordable services to people around the world with almost 3 billion people lack access to banks or similar institutions. With very complex operations and cost structures burdened by overheads, traditional financial service providers put a hefty price tag on inclusion in the global economy.


Limited availability of digital currencies

Almost every exchange can offer USD to Bitcoin or other digital currency conversion. Some are also able to convert to GBD and EUR. However, the number of people living in countries where these three currencies are used barely reaches 1 billion. This still leaves around 6 billion potential cryptocurrency users unaccounted for, stifling the adoption of cryptocurrency.