Fluid Finance SA, the first Swiss company to be capitalised in ETH, has brought something revolutionary to the world of mobile banking.<\/p>\n
A Fluid Account, which you only need an email to open\u2014is better than a bank, and better than an exchange. The newly launched mobile app allows users to move in and out of crypto in seconds and connect directly to their Web3 wallet.<\/p>\n
CEO and founder Robert Sharratt said: \u201cFluid Finance is driven by giving as much control as possible to our users. This is about control of your money, this is about liberty, and a much more efficient banking system. We offer a faster, cheaper way to go right from your bank account into crypto and back. Once you\u2019ve tried Fluid, you\u2019ll never use an exchange again\u201d.<\/p>\n
Fluid\u2019s technology streamlines your everyday use of crypto. Their in-house digital currency\u2014Digital Dollar (DUSD)\u2014and integration with the Arbitrum portal allow users to mint from their fiat bank balance in seconds without high fees, long wait times, or creating multiple accounts.<\/p>\n
And unlike algorithmic stablecoin technology, Digital Dollars do not lose their peg. DUSD is real money, on-chain: when you mint DUSD from fiat held in a Fluid Account, the fiat moves to Fluid\u2019s treasury account, where it is held and insured until you redeem. This transaction is verifiable on-chain, as are the reserves in Fluid\u2019s treasury. DUSD can therefore only be created by real USD deposits, and the treasury is publicly broadcasted to the blockchain to verify. Because every DUSD has a real Dollar sitting in a bank account, a user can always redeem DUSD 1:1 for cash \u2013 no matter what the third party market says.<\/p>\n
Users can then exchange large amounts of DUSD to ETH with zero price impact, using Fluid\u2019s revolutionary single point liquidity pool. Moving away from AMM-based liquidity pools as we know them from SushiSwap or Uniswap, which rely on price discovery for tokens, Fluid instead relies on Chainlink oracle-based external price feeds for the ETH-USD price.<\/p>\n
And the benefits aren\u2019t limited to the world of DeFi: Base deposits in the Fluid Account accumulate a targeted 4% interest, far higher than interest rates offered at traditional banks. Fluid Account holders can also send funds globally, for free, in seconds.<\/p>\n
Fluid is truly a banking alternative for everyone, and it\u2019s been designed together with the community members who believe in its ability to take on the traditional banking model. Its mobile app and web app are live! Sign up here: app.fluidfi.ch.<\/p>\n
\u00a0<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
Fluid Finance SA, the first Swiss company to be capitalised in ETH, has brought something revolutionary to the world of mobile banking.<\/p>\n
A Fluid Account, which you only need an email to open\u2014is better than a bank, and better than an exchange. The newly launched mobile app allows users to move in and out of crypto in seconds and connect directly to their Web3 wallet.<\/p>\n
CEO and founder Robert Sharratt said: \u201cFluid Finance is driven by giving as much control as possible to our users. This is about control of your money, this is about liberty, and a much more efficient banking system. We offer a faster, cheaper way to go right from your bank account into crypto and back. Once you\u2019ve tried Fluid, you\u2019ll never use an exchange again\u201d.<\/p>\n
Fluid\u2019s technology streamlines your everyday use of crypto. Their in-house digital currency\u2014Digital Dollar (DUSD)\u2014and integration with the Arbitrum portal allow users to mint from their fiat bank balance in seconds without high fees, long wait times, or creating multiple accounts.<\/p>\n
And unlike algorithmic stablecoin technology, Digital Dollars do not lose their peg. DUSD is real money, on-chain: when you mint DUSD from fiat held in a Fluid Account, the fiat moves to Fluid\u2019s treasury account, where it is held and insured until you redeem. This transaction is verifiable on-chain, as are the reserves in Fluid\u2019s treasury. DUSD can therefore only be created by real USD deposits, and the treasury is publicly broadcasted to the blockchain to verify. Because every DUSD has a real Dollar sitting in a bank account, a user can always redeem DUSD 1:1 for cash \u2013 no matter what the third party market says.<\/p>\n
Users can then exchange large amounts of DUSD to ETH with zero price impact, using Fluid\u2019s revolutionary single point liquidity pool. Moving away from AMM-based liquidity pools as we know them from SushiSwap or Uniswap, which rely on price discovery for tokens, Fluid instead relies on Chainlink oracle-based external price feeds for the ETH-USD price.<\/p>\n
And the benefits aren\u2019t limited to the world of DeFi: Base deposits in the Fluid Account accumulate a targeted 4% interest, far higher than interest rates offered at traditional banks. Fluid Account holders can also send funds globally, for free, in seconds.<\/p>\n
Fluid is truly a banking alternative for everyone, and it\u2019s been designed together with the community members who believe in its ability to take on the traditional banking model. Its mobile app and web app are live! Sign up here: app.fluidfi.ch.<\/p>\n
\u00a0<\/p>\n
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