How Fluid Finance Combines Traditional Banking Models with DeFi

Fluid Finance or FluidFi is a decentralized platform looking to combine the best of both worlds – traditional banking and Decentralized Finance (DeFi). For many years now, there has been an ongoing debate on whether it is possible to combine both traditional finance models with the decentralized variant.

The introduction of Decentralized Finance (DeFi) offered more cryptocurrency enthusiasts the opportunity to learn more about how finance works, from a decentralized or intermediary-free perspective.

In this article, you will find out how Fluid Finance can be the gamechanger platform that “unites” both traditional finance models and the decentralized models.

What is Fluid Finance?

Fluid Finance or FluidFi is a platform that is committed to creating a better banking model. According to the team, the “current banking model is at a breaking point.” It wouldn’t be long before the cracks will be visible and many would be unbanked at the end of the day.

By creating a unified banking experience at this crucial time, Fluid Finance helps to get more persons to experience both financial worlds from one interface.

ETH-Capitalization

Fluid Finance is going to go down in history books as one of the first decentralized banking platforms to be capitalized in Ethereum (ETH). What this means is that the company realized that it might be hard for some persons to migrate from the traditional banking model to the decentralized.

Thus, it simplified the process by creating Ethereum (ETH)-capitalization. Through this, the users would be able to open and operate a bank account using Ethereum (ETH) as the primary currency.

Hybrid Banking Platform

To prove how committed it is to unifying offline and virtual banking worlds; Fluid Finance has created a hybrid platform. As such, it is integrating both Centralized Finance (CeFi) and Decentralized Finance (DeFi) models to create a hybrid banking platform for its users.

Note : Mobile app launch on 6th June due to delay of ios store approval

How Fluid Finance Creates a Better Banking Model

These are some of the creative banking solutions created by Fluid Finance:

  • Tackling Financial-Related Crimes

Money laundering is the least of financial-related crimes tenable in traditional banking ecosystem. Taking ransoms and soliciting crowdfunding for unrealistic projects are also some of the financial crimes of today.

Fluid Finance promises to resolve those by creating a feasible regulatory process, as enshrined in the Know Your Customer (KYC) procedure. This permits Fluid Finance to mandate its prospective users to undergo a verification process to be certain that they are who they “claim” to be.

  • Banking-Type Services

To help solve the friction encountered by those who want to use both traditional and decentralized platforms; Fluid Finance created banking-type services.

These services are decentralized and affords its users the opportunity to unlock multiple financial services from one platform.

  • Community Governance

The community made up of enthusiasts tends to make-up a greater part of the decision-making process. This is a part of the team’s commitment to carry everyone along on the project’s development.

The community-based governance model is called DeFi Bridge DAO. The members include but are not limited to the project’s developers, the team and token holders.

These set of persons will contribute meaningful towards the development of the Fluid Finance platform, the integration of advanced and better hybrid banking solutions and the transparency of the entire system.

  • Giving Back to Society

Fluid Finance also makes positive impacts in the lives of others in our societies. This is based on the project’s dedication to help charitable causes as much as possible

For a start, it offers up to 10% of the profits accrued from its financial dealings to charitable organizations.

Fluid Finance also permits its employees or team members to spend at least a day out of every 5 days in any charitable cause of their choice.

  • Multi-Investment Options

Fluid Finance also offers some of the traditional banking services. The difference between these and the traditional banking solutions is that Fluid Finance allows every aspect of the transaction to be decentralized.

For example, the platform permits the users to invest in both Centralized Finance (CeFi) and Decentralized Finance (DeFi) investment vehicles.

  • Access to Multiple Account Types and Currencies

As a user, you will have access to multiple currencies, including CHF, GBP, USD and EUR. Fluid Finance promises to add up to 32 currency options as time goes by.

  • Flexible Savings

Looking for where to save your money and earn returns without much risk-exposure? You may be able to do that with the three-tier savings options offered by Fluid Finance.

From the insured savings option that returns 3% net profit to the 30% high-risk return; you have the option to choose the one that aligns with your savings and investment strategy.

Conclusion

The world needs a unified financial model and that is one of the things that Fluid Finance brings to the table. We will be better off for it in the next couple of years when the world will gravitate to a decentralized financial model. Through Fluid Finance’s hybrid structure, you can get the best of both worlds without breaking a sweat.

For more information Visit their WEBSITE or visit the https://linktr.ee/FluidFi (all socials)

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