With the innovations of fintech, finances have witnessed a whole new form and structure. Financial architectures such as Centralized Finance(CeFi) and Decentralized Finance (DeFi) offer multiple benefits. But they are limited to their communities and development categories. The N2 Group have taken to themselves to overcome the limitations of Cefi/Defi by their approach to finances with Global Finance, coined as GloFi.
Defining GloFi.
GloFi is the innovative financial structure introduced by The N2 Group. The core idea of GloFi is that it isolates individual financial service/product from a community it is bound to and offers it to any customer. A GloFi platform will host traditional bank services and crypto-related services.
How N2 Coin acts as a gateway to GloFi.
N2 Coin (N2C) is the cryptocurrency that acts as a medium of exchange between the customer and GloFi services offered on the N2 Platform. Customers can choose from a wide range of financial services including, but not limited to,
N2Coin
Global N2 Account:
The N2 Account is a unique customer profile that can be globally authenticated. The purpose of the N2 Account is to minimize the complexities in identifying customers across the globe. It empowers the customer to link multiple bank accounts across the globe, yet streamline the financial services without causing any confusion or discrepancies.
2. Bank/Crypto Payments:
Customers of the GloFi platform can use N2C to perform payment transactions. The N2 Platform facilitates both traditional fiat payments by supporting banks and cryptocurrency payments. The Crypto payments are initiated by the crypto wallets owned by the customers, which can be linked to the N2 Account at their discretion.
3. Fundraising:
The N2 Coin can be used to avail fundraising services on the N2 Platform. Global crowdfunding services allow international investors to invest in ICOs hosted on the platform.
4. Trade Finance:
Trade Finance services offered on the N2 Platform umbrellas cross-border payments and financial assistance to merchants and buyers. N2 Platform offers global user privacy to ensure confidentiality in trade transactions and agreements via smart contracts.
5. Loan & Credit Tracking:
N2 Platform ensures automated loans and credit tracking globally due to partnering with traditional banking institutions. Features such as live credit tracking, instant crypto/fiat loans, and repayments in fiat/cryptocurrencies are made abundantly available to the customer.
Conclusion
By allowing multiple financial services to co-exist in a common platform, the end-user is given variety in their choice of financial products and services. GloFi is deemed to be the next step in the financial revolution. Visit our website to become part of the next generation of financial innovation.
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