The Best Bank Alternative
The Digital age has made it possible for complete banks to live in an app, with no brick and mortar shop. These bank alternatives are making it possible for your money to yield higher returns and service you at lower fees
But bank alternatives that merge the two financial worlds of Traditional Finance (Banks/FI) on one side and Decentralize Finance (Crypto/Digital Assets) on the other side into one entity are the best.
A Review of Several Lists of Bank Alternatives Returns Results Like
Credit union
Wise
Neobanks
Online Banks
Certificate of Deposits
etc.
Essentially the result is a variation of traditional banks and not a new approach. None of these options merged or bridged the financial divide between traditional and decentralized finance. Fluid- The Bank Alternative does.
Before we get into how Fluid does this, let’s get on the same page with what the traditional & decentralized finance world means.
The Traditional Finance (Banks/Financial Institutions) World
Traditional Finance is financing obtained from the banking system and/or capital markets. Users have to go through Banks & Financial Institutions, to access services such as deposits, loans, investments, and currency exchange. Banks and FIs are well established and regulated.
The Decentralized Finance (DeFi) World.
Decentralized Finance uses cryptocurrencies, digital assets, and blockchain technology to manage financial transactions, such as everyday banking, loans, mortgages, complicated contract relationships, and asset trading. DeFi aims to replace, centralized financial institutions with peer-to-peer relationships.
Bank Alternatives: The Emerging Financial Reality
In reality, tradfi-only proponents are ok with traditional banking, while DeFi users often need to move between these two financial worlds of fiat currency and digital assets.
Since banks do not presently accommodate digital assets, we will need a Bank Alternative that seamlessly allows users to go from Traditional Banks to DeFi and back. Fluid app merges the two financial worlds into one app.
Why The Demand for Bank Alternatives
Some reasons for Bank alternatives include
Reduced transaction fees
Interests on savings
Global reach and availability
Near real-time transaction execution globally.
Global access- all you need is internet no matter where you are
How Fluid Does It: Two Worlds In One App
Fluid’s revolutionary technology uses both traditional finance and decentralized finance infrastructure and bridges fiat and cryptocurrency into one app.
Fluid Finance has integrated a full bank account + access to crypto for the first time in one app. We have done this by creating a stablecoin-the DigitalDollar that is fully backed, transparent, and always verifiable 24/7 on-chain. DigitalDollar (DUSD) — real money on-chain.
You can mint your stablecoins directly from your bank account to chain. When you want to cash out, just redeem the DigitalDollar for ordinary dollars back to your account, in seconds.
Fluid — The best bank alternative
Fluid Finance is a revolutionary new approach to banking, built for the digital age. We’ve integrated all the benefits of traditional banking with all the benefits of crypto — within one app.
Enables you to manage multiple currencies AND cryptocurrencies.
You can move quickly and seamlessly between these two worlds whenever you want.
Read more about Fluid here.
I invite you to join the fluidfam with any channel you find convenient below.
Twitter | Telegram | Announcement |Discord | GitLab | YouTube | website: fluid.ch | DigitalDollar(DUSD) | Sign up for an account at: app.fluidfi.ch
CAVEAT:
Note- This is not financial investment advice.
All financial investments involve risk DYOR (Do your own research) before making any financial investments
This article is my thoughts and opinion about the subject matter
Very advanced application, I can use the application to exchange dollars to crypto and vice versa, the application can run faster than other applications.