INTRODUCTION
Ever since its inception, the banking industry has been constantly evolving. From how we move money, store money to how we make decisions about paying for things. If you take a look at any article about the future of banking, the use of blockchain and cryptocurrencies will definitely come up. Dafribank decided to use this opportunity to bring in modern technology to offer their customers a better service. The bank partnered up with Debitum Network to create a solution that will leverage the benefits of both modern technology along with traditional banking. This will allow for a seamless experience for both the customers and the bank.
Dafribank.io is a cryptocurrency, decentralised fintech blockchain, based on the Ethereum Network. It runs its own decentralised computer network and protocol that executes smart contracts using a virtual machine that is part of the blockchain code. Smart contracts are pieces of computer code that get stored in the blockchain, similar to a transaction. They allow for truly peer-to-peer interactions, without the involvement of a middleman.
After the emergence of blockchain technology, many products have been proposed such as cryptocurrency and tokens. However, there are still many issues to be solved in the ecosystem. For example: • Centralized exchanges are prone to security risks; • Tokens issued by ICOs do not have a liquid secondary market; • Existing bank systems cannot support crypto transactions easily. These problems need to be addressed urgently if we want to see rapid growth in this trending area.
DAFRIBANK MISSION
Dafribank is the first blockchain-based decentralised bank, the first created in history by a team of professional programmers. In the future, banks will become obsolete, and all transactions will take place on the Internet. The time has come to change our monetary system, and we are ready to do it. It is a fully decentralised financial ecosystem for everyone, where you can save and borrow money using a secure, transparent and convenient way.
This is a blockchain based platform that focuses on real world, practical problems and solutions. It consists of a set of decentralized applications (dApps) that can be used by anyone to create their own ecosystem and share the value they create with others.
USEFUL FEATURES OF DAFRIBANK
Dafribank is a crypto decentralised finance ecosystem based on blockchain technology that allows the community to invest in cryptocurrency, receive dividends and buy shares with fiat currency. It also offers other financial services such as loans, credit cards and more! It will be the first crypto bank in the world. We are building a decentralised, global banking and finance network which utilises innovative technologies to provide financial services worldwide.
Dafribank platform enables all users, including consumers and businesses, to access banking services directly from their mobile phones. It is a decentralised global Crypto Finance Ecosystem for SMEs and individuals. The Dafribank ecosystem consists of Dafiro - the cryptocurrency, Dafibank - the digital bank, and Dafibase - the crypto exchange.
Dafribank finance ecosystem that offers an entire suite of financial products and services. It's mission is to build a bank with the same qualities and values as the community banks of the past, but using new technology. Dafribank is a company that provides services for the crypto-community and for people who want to start their own business in the world of cryptocurrency. Dafribank offers personal accounts, business accounts and plastic cards.
CONCLUSION
Nowadays, the blockchain has become an essential technology for the development of banks and financial institutions. The Dafribank project is being developed in order to create a network of financial services based on the latest technology. Join our project!
Related Links:
https://www.dafribank.com/
https://twitter.com/DafriBank?s=09
https://t.me/DBATalk
https://www.linkedin.com/mwlite/company/dafribank-limited
https://www.dafribank.com/investor-relations
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