Idea gathering:
Ever heard of DafriBank? It's a new bank that wants to help cryptocurrency investors and traders play safe with their money. The banking institution wants to make investing or trading in cryptocurrencies simpler and safer than ever before, by offering its users the opportunity to trade between cryptocurrencies and cash within an app.
DafriBank is a financial services provider based in Switzerland, which also happens to be where one of the world’s first banks originated (in 1656). The idea behind DafriBank was born out of CEO Olivier Puech’s own experiences as a cryptocurrency investor and miner over the years. He initially started mining Bitcoin only as a hobby, but it eventually grew into something larger when he was introduced to Bitfinex and other exchanges.
Now, DafriBank wants to help cryptocurrency users invest and trade with their money more easily and safely than ever before, by making the process of investing or trading cryptocurrencies as simple as sending a text message or sharing an electronic link.
The business model:
The business model that DafriBank offers is quite unique: Instead of simply offering users a facility to buy and sell the digital currencies from the bank itself, it acts as a cryptocurrency broker. This way, it can avoid being classified as a “financial intermediary” under Swiss law – which would require all kinds of stringent procedures such as investment advice requirements before anything could be done. In addition to this, DafriBank claims that its services are “more secure than with other brokers”.
The service will be managed through an app. DafriBank claims that the app will provide a “high level of security and confidentiality” to its users, thanks to end-to-end encryption and smart authentication technology. The app also gives all kinds of relevant and useful information and statistics about cryptocurrencies (such as market trends) in real-time, which can help investors make more informed decisions.
In addition to this, DafriBank has announced plans for a debit card, so customers can transfer their cryptocurrency or fiat currencies into cash in just a few simple steps. The bank’s servers are even located in Switzerland, so it complies with local data protection laws.
In order to avoid any legal gray areas, DafriBank will not offer any dealings in fiat currencies, such as the US dollar and Euro. It also won’t be providing any advice on which cryptocurrencies investors should buy or sell either. The idea is to remain outside of local financial regulations and laws so that it can help cryptocurrency traders “play safe with their money” without having to worry about anything else.
Analysis:
What makes DafriBank special is the fact that it's a bank for cryptocurrencies. Unlike something like Luno, which was recently launched in South Africa, DafriBank isn't trying to compete with traditional banks by offering users access to more convenient services such as faster transfers or less rigorous processes. Instead, it's actually a cryptocurrency broker that offers its users access to practically every exchange out there at the click of a button. In this way, DafriBank can help investors trade between cryptocurrencies and their fiat values much more easily than they would if they were using an actual cryptocurrency exchange.
As far as we know, there isn't anything even remotely similar to what DafriBank is offering out there right now. It's incredibly easy to use and could bring thousands of new users into the world of cryptocurrency trading. The question is whether DafriBank will be able to stay afloat long enough to take advantage of this fact...or if it might face some serious competition before long? Maybe other financial institutions are planning something similar? Only time will tell. In the meantime, DafriBank is definitely a bank worth keeping an eye on!
Special features:
What makes DafriBank special is the fact that it's a bank for cryptocurrencies. Unlike something like Luno, which was recently launched in South Africa, DafriBank isn't trying to compete with traditional banks by offering users access to more convenient services such as faster transfers or less rigorous processes. Instead, it's actually a cryptocurrency broker that offers its users access to practically every exchange out there at the click of a button. In this way, DafriBank can help investors trade between cryptocurrencies and their fiat values much more easily than they would if they were using an actual cryptocurrency exchange.
Summarization:
As far as we know, there isn't anything even remotely similar to what DafriBank is offering out there right now. It's incredibly easy to use and could bring thousands of new users into the world of cryptocurrency trading. The question is whether DafriBank will be able to stay afloat long enough to take advantage of this fact...or if it might face some serious competition before long? Maybe other financial institutions are planning something similar? Only time will tell. In the meantime, DafriBank is definitely a bank worth keeping an eye on!
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Project Links:
Website: https://dafribank.com/
Telegram group: https://t.me/DBATalk
Twitter: https://twitter.com/DafriBank?s=09
Instagram: https://www.instagram.com/dafribank/
Linkedin: https://www.linkedin.com/mwlite/company/dafribank-limited
Facebook: https://www.facebook.com/DafriBank/
AURTHOR INFO :
BitcoinTalk Forum Username: cryptosmith03
BitcoinTalk Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2262672;sa=summary
Telegram username: @cryptosmith03
Post of Authentication : https://bitcointalk.org/index.php?topic=5371346.msg58590488#msg58590488
DBA address: 0xF0cc06EB69D706EaaE1d5406056D18539B459636