How much money can I expect to save by going digital with my trade?
Going digital with your trade can save you significant time and money. By reducing paperwork, streamlining processes, and improving communication, you cut out a lot of the inefficiencies in traditional trade systems. For example, switching from paper-based bills of exchange to digital alternatives can save up to 90% of processing costs while reducing errors and delays.
Boex is a subscription based service currently in VIP testing. Pricing is not yet set, but we know it will be a considerable savings. It’s not just the money saved, but the time you reclaim, allowing you to focus on growing your business. Plus, with digital systems, you can scale easily, manage compliance more efficiently, and gain real-time visibility into transactions. That’s a win all around!
Is my paper work secure in Boex? stored digitally “on the cloud”?
Absolutely! BOEX keeps your paperwork super secure. Everything is stored digitally using blockchain technology, so it’s not just "on the cloud"—it’s in a tightly encrypted, tamper-proof system. Your data is private and only accessible to the people involved in the transaction. Rest easy, your info is safe!
Do I need my counterparty/buyer/seller to also sign up for this service?
Yes, if both you and your counterparty (buyer or seller) need to sign up for the service. BOEX works only when both parties are on board—it creates a seamless, secure transaction process for everyone involved!
How hard is Boex to set up? What kind of information does BOEX need for me to start trading on the platform?
Getting started with BOEX is designed to be super straightforward—no need to be a tech whiz! It is a quick step-by-step setup process and user-friendly, making it ideal for businesses of all sizes, especially SMEs.
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How does Boex help me with fraud or non-payment?
At Boex, your security is our top priority. Our platform is built with advanced safeguards to protect you from fraud and ensure peace of mind in every transaction. With robust verification processes and secure payment options, we reduce the risk of dealing with unverified or unreliable users—helping to protect you from non-payment or disputes. With Boex, you can trade with confidence, knowing we’re here to keep your business safe.
Additionally, in the unlikely event of a dispute Boex’s Bill of Exchange packages togethers all necessary documentation and any legal action taken will be supported by the internationally recognized power of Bills Of Exchange.
What is the legal basis for trading this way? Is it as good as paper? How does digital paperwork actually do its job?
The legal basis for digital trading is rock solid—it’s all backed by the Bills of Exchange Act 1882 combined with the Electronic Trades Document Act 2023 (EDTA) and MTLER (UN Model Law of Electronic Transferable Records), a time-tested piece of legislation that’s been around forever has been updated by the EDTA and MTLER so it still applies in today’s digital world. A Boex Bill of exchange works just like a paper one but with all the perks of going digital: faster, cleaner, and easier to manage.
And yes, it’s just as good as paper, in fact better. Why? Because everything is trackable, tamper-proof, and tied to a transparent blockchain audit trail. That means when you use BOEX, you’re dealing with non-alterable, legally recognized documents. They do their job by ensuring all the details—like who owes what and when—are locked in and can’t be messed with.
In short: it’s trading made smarter, not harder. You’re not just ditching paper; you’re upgrading to a system designed for today’s world while staying fully compliant with the rules. Cool, right?
Can I use BOEX for both small and large transactions?
Of course! Boex is designed to handle transactions of all sizes, whether you’re managing smaller day-to-day payments or larger, high-value deals. Our platform offers flexibility, competitive exchange rates, and reliable payment solutions to support your needs, no matter the scale. Whether it's a quick transfer or a significant international transaction, Boex ensures everything runs smoothly, securely, and cost-effectively—helping your business grow without limits.
I’m new to international trade. Can Boex guide me through the process?
Absolutely! BOEX is designed to make international trade easier, even if you’re just starting out. Think of us as your trade sidekick. Our secure electronic bills of exchange give you real-time visibility into transactions, we've got your back.
You'll get access to tools that cut through the red tape, save you time, and reduce costs—no confusing setups or hidden fees. Plus, our system is tailored for small and medium-sized businesses like yours, so you can focus on growing your trade without getting bogged down in the details. Ready to dive in? Let’s get started!
What are the main features of Boex?
Banking grade and secure platform for digital trade
Providing cheaper and faster trade document creation
A one stop location for trade document management
Transaction partner vetting
Trade director dashboard
Boex provides real customer support
Simplified trade negotiation
How do I join?
For now, Boex is on a temporary VIP invite only basis during our launching period. This means that it is not open to the public until after our first trials. If you are interested in becoming one of our VIP’s, come in contact with one of our representatives from our website!
If approved, joining Boex is quick and easy! Simply sign up online by creating an account through our secure platform. Once registered, you can start exploring our powerful tools and features designed to simplify your global payments and currency management. Whether you’re a small business or a growing enterprise, Boex is here to support you every step of the way. Get started today and experience a smarter way to manage your international transactions!
What is the future of Boex and digital trade in general?
The future of Boex and digital trade is incredibly exciting. At Boex, we’re at the forefront of revolutionizing global commerce, empowering businesses with smarter, faster, and more secure ways to trade internationally. As digital trade continues to grow, you can expect cutting-edge innovations like blockchain technology, AI-driven financial insights, and fully integrated platforms that make managing cross-border transactions seamless. Boex is committed to driving this evolution, creating opportunities for businesses of all sizes to thrive in an increasingly connected world. Together, we’re shaping the future of global trade.
I don’t have a dedicated trade finance team—can I still use BOEX?
Absolutely! Boex is built with simplicity and accessibility in mind. It was designed for SMEs, sole proprietorships, and other businesses so you don’t need a dedicated trade finance team to take advantage of our platform. Our user-friendly tools and expert support are designed to guide you through every step, whether you're managing international payments, handling currency exchanges, or securing your transactions. With Boex, you gain the power of a dedicated trade finance solution without the complexity—helping your business trade smarter, no matter your size or resources.
How did we do? If you don't see what you’re looking for, feel free to reach out through the Boex website—no question is too small!
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