IndexIntroductionFXP – Decentralized Payment GatewayStakeholdersCommunity, Incentives, Fiat ConversionIntroductionFinance is a major source of revenue in every economy. At present, fiat exchange has taken on new dimensions. At the moment, virtual trading is the gold standard. Countries do not have to visit each other to carry out trade operations. They use the virtual aspect and currency exchange (FX) is the best way to do it. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original EssayThere have been economic recessions in some nations. This happened because their contribution was greater than what they gave. Therefore, when a country integrates more foreign currencies into its finance without bringing it to par, a tendency towards recession occurs. Whether you are a stockbroker or an individual running your own business, you will definitely be influenced by the position in the FX market. If you are trading in the FX market, you need to consult brokers to help you in trading. The current market model is not favorable because brokers demand high commissions for their services. The process usually takes days for the transaction to be confirmed. FXPay uses the latest technologies to mediate the gap in the industry. Fully supported by on-chain technology, the platform will strive to bring a decentralized approach to the industry.FXP – Decentralized Payment GatewayFXP is the official token of the platform. It will be the main source of transactions on FXPay. Coming to its functionality, the token was hinged on the popular Ethereum blockchain. Therefore, it is an ERC20 compliant token.FXPay uses on-chain technology to bring complete decentralization of the FX market. By unleashing the FXP token into the system, there will be synergy in terms of transactions. At the moment, the FX market only accepts fiat currencies. Cryptocurrencies are hardly visible in the market corridors. FXP will cover this by allowing its users/investors to conveniently trade the market using the token. The token can be easily exchanged for fiat and fiat can also be converted into FXP tokens. In any case, the token will be very useful for crypto currency investors who want to get the best out of the market. Stakeholders In order for the system to be vibrant, FXP pioneered the participation of many users. These stakeholders play different roles to achieve the success of the system. There is the trader who uses the currencies in his digital wallet for FX trades. The broker acts as a channel that connects both the market and the trader. The broker receives funds from the trader and places shares on the market on his behalf. FXP Introduces Liquidity Provider. Liquidity provider here means a financial institution that provides FX services to interested parties. The premium broker is another stakeholder of FXP. It has the same powers as the liquidity provider. Community, Incentives, Fiat Conversion The platform plans to create a community of like-minded investors. The main focus is on the broker. The idea is to enable brokers to operate in the foreign exchange market by leveraging the use of on-chain technology. Both brokers and traders can earn and benefit immensely from the platform. Traders who have the FXP token in their wallet are said to enjoy financial benefits. The FXP token has an increasing value and therefore its holders can benefit from its increase in value. Brokers will get discounts when they host transactions on behalf of the trader. They can also buy the FXP token at cheaper rates and resell it to traders. The platform does not want its use to be limited to cryptocurrencies..