EQIBank’s Global Digital Asset Management movement
When one thinks of a bank, the image of a traditional and trustworthy institution comes to mind. Throw digital assets into the mix and stationary construction will revolutionize something high-tech and exciting. Those with digital assets are used to limited variety in how they manage their investments. With the EQIBank, however, this has changed fundamentally.
EQIBank is an international organization for digital banking and financial services that was founded in 2015. The EQIBank is aimed specifically at wealthy private individuals and offers a range of products in one place. As with traditional banking institutions, the core value of EQIBank is trust.
Customers are served through three global companies: Private Banking, Commercial Banking and Digital Asset Custody. With EQIBank, customers can conduct banking transactions globally from a digital platform. All accounts are online in a bank, giving users the ability to seamlessly switch money between their accounts.
Accessible in 180 countries, EQIBank is undoubtedly a global leader in digital banking. As the demand for cryptocurrencies increases, so too does the way in which digital assets are managed.
EQIBank has met this demand by introducing EQIFI, a community-run global banking system. In addition, the problems inherent in centralized and traditional banking methods have been addressed and well resolved through the community products and services offered by EQIFI.
EQIBank in a nutshell
“EQIBank’s mission is to support innovative approaches to building a more connected banking world, with an emphasis on overcoming historical banking restrictions and creating financial freedom through an innovative approach to the offshore world,” says the bank.
Overall, EQIBank offers its customers five interconnected services. EQIBank also offers digital private and business banking solutions that are carefully tailored. The three global business areas of EQIBank are:
- Corporate bank: hub for corporate and business customers.
- Private bank: focuses on private customers in all segments.
- Digital Assets Custodian: Continually pursues its goal of becoming one of the top ten digital asset managers in the world by delivering an innovative suite to support digital assets customers.
Bridging the gap between Fintech and DeFi with EQIFI
EQIFI bridges the gap between the world of traditional finance and decentralized finance. This global financial protocol stands by its value proposition that all products and services should be consistently available and delivered digitally.
EQIFI allows traders, investors, developers, exchanges and app users across the ecosystems of digital assets, blockchain and cryptocurrency to borrow for assets of various types without selling them.
According to EQIFI, apps have the ability to borrow assets for use in the Ethereum ecosystem without the need for out-of-chain activities or waiting for an order to be completed. Miners can borrow against a range of collateral while speculators can use various trading techniques.
EQIBank is shaping the global movement for digital asset management through decentralized financial alternatives to traditional financial products.
The democratization of finances is in the foreground in this project. Digital financial alternatives are more readily available with EQIFI than ever before. For less tech savvy people, EQIFI aims to leverage assets and other innovations in the field of digital assets while providing access to a digital banking platform for those looking for a haven for their cryptocurrency.
EQIFI is a decentralized protocol for joint lending, borrowing and investment for ETH’s ERC-20 tokens. This includes wrapped bitcoin (wBTC), stablecoins and selected fiat currencies. It offers a uniform platform for DeFi products with EQIBank bank accounts, loans, custody, debit and credit cards, OTC and asset management.
EQIFI differs from competing projects and protocols in that it works with EQIBank, a fully licensed and regulated digital bank. The project’s infrastructure is optimized for real-time interactions, which means EQIFI is pioneering the demand for dynamic digital technologies.
The EQIFI protocol has created a transparent, open and secure DeFi market. By issuing loans, credits and investments, EQIFI has reached a wide audience with its offering.
The four DeFi products from EQIFI
- Fixed Income Product: Pooled loans at a fixed rate that are settled on a specific future date. Users provide collateral in the form of Ethereum (ETH), wBTC, StableCoins or selected fiat currencies (which are converted into StableCoins) in pools with fixed interest rates. An algorithm sets the interest rate through a smart contract.
- Variable Rate Product: With algorithmic lending rates, the market automatically responds to changes in the network based on user activity and demand and increases lending from the token pool Increased demand automatically increases interest rates.
- Interest rate swap: This is a DeFi futures contract in which a stream of future interest payments is exchanged for another based on a certain amount of principal. Interest rate swaps usually involve exchanging a fixed rate for a floating rate or vice versa. This is done to reduce or increase the risk of interest rate fluctuations. This product minimizes the volatility of floating rate loans and certain money market products.
- Yield Aggregator: An automated aggregator of all leading external yield products that makes yield breeding easy and automatic. It is intended for those who are new to the DeFi and Earnings sector and for those who are familiar with it.
Licensed services from EQIFI
EQIFI customers have access to a hassle-free banking experience for everyday needs. These include:
- Checking accounts and savings accounts::
- Credit cards: Visa credit cards that contain US dollars and allow spending in most major currencies.
- care: traditional custody of assets; insured custody of digital assets; biometric security and private keys and more.
- OTC: Support for over 100 coins and US dollars, euros and the British pound; Direct market access to over 10 important liquidity pools for cryptocurrencies and more.
- Asset management: A variety of investment options are available to help clients achieve their financial goals.
The EQIFI token: EQX
The EQIFI protocol is regulated by EQX holders. The EQFI structure gives the community complete control over all proposals, votes and changes made through the governance functions of the platform. The community is allowed to propose new asset classes, interest rates and fees.
Control of the core functions is in the hands of the community. This includes listing and delisting new asset types and tokens, adjusting the interest rate per market (within an economically viable level) and adjusting collateral among many others.
EQIFI is present and future
The traditional banking industry as a whole was not designed to be easy to understand. The trust that ordinary people place in these institutions is remarkable. For generations, the energy had to be put back into the hands of the consumer, as these systems kept breaking down for millions of people.
With the advent of cryptocurrencies, the blockchain and digital assets, which have pressing issues related to accessibility and inclusion, have had to be addressed the longest. These rooms are notoriously intimidating.
What EQIFI is doing so right is that traditional and centralized systems and the problems that exist in this financial area have been addressed and resolved. It is a completely extraordinary concept and a completely opposite tradition to give the community the power to have control over the core functions and to make decisions.
The integral role of EQIBank in EQIFI means that customers never let the wool pull over their eyes. The financial well-being of the customer is at the heart of this digital institution, which is so evident in the range of services and products offered.
What is special about EQIFI is that it caters to the new kids on the block and offers a seamless and user-friendly experience. Beginners in the fields of cryptocurrency, blockchain and digital asset will not be intimidated into finding another solution. They are more likely to be greeted with the proverbial open arms.
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