Unlocking the future of finance: Freebank’s all-in-one super app
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Getting started in the crypto industry can be challenging, as there are many processes involved, which can be a bit overwhelming for newcomers. Sometimes these newcomers don't know how and when to buy the cryptocurrencies they want.
Even experienced crypto users often struggle to find the best prices for cryptocurrencies from one exchange to another. This is precisely the reason for the creation of FreeBnk, which is to make it easier for beginners and experienced investors to navigate the Web 2 and Web 3 industries.
What is FreeBnk?
Freebank is a crypto company founded by a group of entrepreneurs with the goal of making the financial industry better. Yunus Emre Ozkaya, CEO, and Arash Lowney, Design Officer, are the two founders of this company.
The company uses advanced and sophisticated technologies to provide comprehensive crypto services to its customers. They plan to empower users and simplify their crypto experience by making it more secure and accessible to all.
FreeBnk: An innovative solution in Web2 and Web3
FreeBnk wants to overcome the problems that many face when trying to create a simultaneous interaction between traditional finance and the crypto industry/web3. Therefore, they aim to be an on-chain financial super app where users can make transactions between the traditional financial sector and the blockchain.
The company has launched two new and revolutionary services and platforms that act as gateways to financial empowerment. They include:
Defi and Tradfi Fusion: Launch of Crypto2stocks
According to X's announcement on May 11, 2024, Freebank Define and Tradefine said they are trying to work together with the launch of a new platform called Crypto2Stocks. Further details indicate that Crypto2Stocks helps users integrate their crypto assets directly into the stock market.
This is a major milestone for FreeBnk, and also opens up opportunities for investors and traders looking to diversify their portfolios. Once this feature is introduced, traders can easily use crypto assets to buy the stocks they want in the market. While this solution significantly reduces transaction time, it also introduces greater flexibility, liquidity and accessibility to consumers.
FreeBnk Alchemist and Realworld: A great partnership with RWA Inc
Freebank Alchemist is another solution that allows users to invest in real-world assets, leverage them, and gain fractional ownership of those assets. Moreover, this platform provides an opportunity to make real estate investments around the world. Assets that users can tokenize into blockchain on this platform include gold, real estate, Tesla and Amazon stocks, bonds and more.
Recently, FreeBnk from RWA Inc. announced a major partnership with According to them, this move will help redefine the asset token sector.
From their channel: “This partnership is set to integrate real-world assets into Freebank's wider ecosystem this month and bring many new opportunities and features to its users.”
RWA Inc. Real World Wealth is a large corporation committed to building an ecosystem that facilitates investment. Thus, it offers tokenization, smart contracts, audits, launchpads and even a marketplace. From RWA Inc. By partnering with Freebank, it wants to consolidate its capabilities on the platform.
FreeBnk Crypto
Freebank Crypto is another solution that offers transactions in over 150 countries using cash, cards and bank transfers. On this platform, users will find more than 300 DeFi, CeFi aggregators and liquidity providers, allowing them to buy cryptocurrencies at the best prices. It offers the flexibility of converting any crypto to another using their organic bridge.
FreeBnk Pay and FreeBnk Transfer
FreeBnk Pay creates an alternative to card and cash payments by providing low-fee payment methods for both merchants and consumers. On the other hand, FreeBnk Transfer is another platform that combines blockchain technology to ensure fast and cost-effective payments worldwide.
FreeBnk Token (FRBK)
The Freebink Token (FRBK) is the native token of this platform, and has many functions, from management to facilitating transactions. The maximum supply of FRBK is 500 million and most of the token allocation is targeted towards community development. Moreover, holders of this token can earn rewards on various platforms by saving it.
Features that make FreeBnk stand out
Features like multi-party wallets, AI integrations, insurance offerings and aggregator protocols are what make this platform stand out from its competitors. Below we explain each of these features:
This platform combines artificial intelligence, including AI chatbots, to ensure that users get the best experience while using their services.
Multi-Party Computation (MPC) is another feature that provides military-grade security for storing wallets without the need for pedigrees. Built in partnership with Fireblocks technology, it works faster and more efficiently than traditional wallets.
The platform has a prominent aggregator protocol that includes more than 300 centralized and decentralized exchanges. Its main purpose is to provide real-time market information on crypto tokens and help users secure the best exchange rates.
Crypto Loans/Free Bank Loans
FreeBnk has a crypto lending and investment feature. Users can borrow crypto using digital and intangible assets as collateral. You can also invest in Stablecoins and simulate real-world assets with mouth-watering returns.
There is also an insurance offering from FreeBnk using the Crypto Deposit Insurance Scheme (CDIS) to protect users and cover costs in the event of any institutional failure or failure.
Closing thoughts
Freebank is not just a giant financial platform. It tries to provide the best onboarding experience for crypto users by providing all the services they need in one app. Recently from RWA Inc. By partnering with them, they try to bring real-world real estate trading to life.
But apart from this they have other platforms like Crypto2Stocks which helps in seamless trading between DeFi and TradFi assets. It also has many platforms like FreeBNKAlchemist, FreeBNKPay, FreeBNKTrade and many others.
Links:
X | Medium
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Disclaimer
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