Currencies and FX Exchange

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There are two relevant modules existing in a node or project that it is really important to understand how they work and not to confuse them.

There are two relevant modules existing in a node or project that it is really important to understand how they work and not to confuse them.

We are talking about the Currencies and FX Exchange module.

A node or project works with a location and a currency, information that is provided at the time of creation of a node with the activation of a project.

The currency selected when the node or project is created is the only currency with which the node will operate, until the administrator decides to create or register new currencies.

That is, a node can be configured in a specific location, the United States for example, and select USD as the currency for the node or project. From that moment on, all operations carried out in that node or project will be recorded with that currency. If later you want other currencies to exist, such as EUR, you have to register it in the node or project as an authorized currency.

This task is carried out in the Currencies section that you can find in the node or project tab or in the side menu in the Projects section.

In this same section you can create your own currencies and assign them a value, with a purchase and sale price.

Working with a loyalty solution based on the income of points to customers based on their activity, requires registering those points as currency and giving them a value. In this way, the client will always be able to use that point wallet in the operation network, thanks to the FX Exchange service.

The mission of the FX Exchange service is to maintain a list of currencies, the reference price, the purchase price and the sale price, thus allowing multi-currency operations.

If you want to know more about this feature, please contact us through insider@101obex.com

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