🫗DeFi vs TradFi
Benefits, drawbacks & how we bridge both.
Usability
Instantly usable via bank transfer, card payment & virtual payment Accepted almost everywhere depending on the providers.
Require transfers to TradFi services, which is mostly associated with fees Barely any merchant acceptance world-wide
Allow onboarding for people to Web3 by making Web3 payments work like TradFi transactions.
Simplicity
3rd party services use usernames & simple UIs
Long wallet-ids, no simple UI
Save people as contact and store all of their payment destinations
Cost
Often associated with fees High card fees for merchants or in some cases customers
Continuously lower fees for transactions.
Reducing/removing transaction fees
International payments
Difficult & expensive to transfer abroad
Instant & easy transactions anywhere. Restrictions for withdrawal & use based on countries, banks & cryptocurrency laws.
Combining the non-restrictive access, speed & low fees of DeFi with the usability of TradFi. Allowing free/instang international asset transfers.
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