Xriba, which is a new blockchain based platform, is introducing an accounting application, a protocol, and a number of tools to resolve issues affecting the assessment of the cryptocurrency companies. This platform is offering the traditional companies and crypto-currency companies a structure that will help them in remaining accountable and transparent to their supporters, investors, and the open market.
It is introducing the Xriba Protocol, which is an open accounting protocol. It will store financial transaction records over a decentralized public ledger. This solution is remarkable for the accounting sector. It is featuring a decentralized technique for saving achieving and monitoring all the financial records. This platform is for all and it is featuring an open API which will allow the third-party businesses to create their unique accounting tools and applications. It seems promising, but how effective it actually is? Let’s find out the answer in this review.
How does Xriba work?
The main purpose of Xriba is to minimize the time, cost, and efforts required for organizing classifying documents. Thus, it is planned to offer impressive bookkeeping solutions. This platform will certainly use the features of the blockchain technology reduce the time transactions take to complete between different business organizations. It will provide decentralized transaction techniques to make the payment. The users will use a decentralized wallet along with the coin to transfer the payment.
The cutting-edge tools such scanning optical software will be in action to read the document before processing the invoice. In addition, there will be the mechanical turn system that will feature a team that will validate the scanned documents. All the financial documents will be stored in the blockchain so that you can fetch your documents whenever you need them.
The team behind Xriba believes that their platform is going to automate the whole process by optimizing and automating the process. It will precisely maintain the quality and integrity of the features which are provided through this platform. There are around 10,000 users using this platform nowadays and the number of users is expected to increase very soon.
Xriba is offering XRA utility tokens which every Xriba platform user would need in order to use its services. No fiat money or other cryptocurrency will work here. You will have to use your XRA tokens to pay for the services you will use here. The token prices will rise by the time. Therefore, once you have spent all your tokens, you will have to spend a much larger amount for buying more tokens. The investors will find it impressive. Every token holder will get a chance of making a huge profit by selling the tokens to needy people. There will be 275,500,000 tokens in total which you can buy when the sales start.
Xriba platform is offering impressive solutions for the accounting sector. Your business can flourish if you use the services offered by this platform. Many other business organizations would find Xriba’s bookkeeping services beneficial. Therefore, they will seek tokens to use Xriba and as an investor, you can gain a huge profit by selling your tokens at much higher prices.