The financial landscape is changing, and our work, platform and community here at IXFI have a vital role to play as part of the larger financial revolution happening right now.
Decentralization
Also known as the DeFi movement, decentralization refers to decentralized finances, the absence of a central authority governing our financial activity. As cryptocurrencies quickly gained traction, this unique concept of operating free from human intervention remained at the very core of the movement.
While skilled developers may have the ability to fine-tune this sophisticated process, they cannot interfere with its outcomes. The result? Efficiency, transparency and a fairer way to access our finances, free from the hefty overhead costs for infrastructure and personnel as well as the delays and red tape of conventional banking, significantly reducing fees as well as capacity for human error and interference.
Power Shift
Historically, people have relied on banks and other institutions for storing our money safely, but a lot of what happens to that money once we hand it over is not only beyond our knowledge but beyond our control.
When you combine this with the often strict limitations put on our own cash, such as maximum daily withdrawals, minimum processing times and transaction fees, all of a sudden things do seem rather restrictive.
Using cryptocurrencies and platforms like IXFI eliminates this need for banks and other financial institutions to hold our assets to keep them secure, as cryptocurrency is stored in a personal digital wallet that can only be accessed by the holder using their unique and anonymous identifier.
This shifts control from the banks back to ordinary people, giving them possession of their own assets and more control over the use of their funds and personal data.
Transparency
While crypto transactions are anonymous and as a result free from any corruption or prejudice, the unalterable code used to record these transactions can be viewed and analyzed by anyone at any time. This gives us transparent and unbiased insight into the inner workings of our finances and the wider economy, something that wouldn’t be disclosed so readily by a traditional bank.
Think of IXFI as a hub for crypto knowledge where we share information based on our experience but also the latest news and carefully curated educational resources.
Increased Functionalities
We’ve made the switch from analog to digital, and now it’s time to take things to the next level. Today, people want more than conventional banking can offer. We’ve become so accustomed to having everything and anything at our fingertips, being able to order, reserve and schedule any number of things at the mere click of a button.
The way we spend, save and borrow money is in the midst of a much-needed upgrade; IXFI is here to catapult the way we manage our finances into the 21st century.
Accessibility
This revolution isn’t just happening in certain countries or large cities; it’s in all corners of the globe. Countries facing economic hardship (weak currency, corrupt government, lack of infrastructure for accessing conventional banking services) view crypto as a beacon of hope, transformational, aspirational, the key to saving their faltering economy.
Billions of people are still without access to a conventional bank account, vulnerable, disadvantaged people, facing all kinds of constraints. For some people, a lack of fixed address, ID documents or a Visa can be a huge barrier to financial independence.
With cryptocurrencies, even a complete beginner can get their account up and running within minutes without the need for any paperwork. Cryptocurrencies enable us to make highly secure transactions using unique personal identifiers, eliminating the need for all of this personal data.
All that’s required is an Internet connection and an Internet-enabled device, such as a smartphone or tablet.
Think about what this could mean to some people, a way for them to change their circumstances and create a better life for themselves. It’s time that we embrace this change, and there’s no better place to start than with IXFI. Register on Your Friendly Crypto Exchange to get started.
Disclaimer: The content of this article is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial and fiscal circumstances.
Although the material contained in this article was prepared based on information from public and private sources that IXFI believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and IXFI expressly disclaims any liability for the accuracy and completeness of the information contained in this article.
Investment involves risk; any ideas or strategies discussed herein should therefore not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial and fiscal objectives, needs and risk tolerance. IXFI expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.
