Changex: Bridging the Gap Between Traditional Finance and DeFi with User-Friendly App and Innovative Features
Summary:
A new fintech app, Changex, aims to bridge the gap between traditional finance and decentralized finance (DeFi). It offers easy-to-use DeFi functionality to attract users from traditional services, providing a non-custodial crypto trading exchange and support for multiple blockchains. Users can stake assets, earn rewards, and enjoy cashback bonuses with the Changex Visa Debit Card. The app plans to issue regulated IBANs for fiat management and integrate the Avalanche blockchain. With its user-friendly experience and robust financial solutions, Changex is selected to participate in the Cointelegraph Accelerator program.
The adoption of decentralized finance (DeFi) has been hindered by the lack of user-friendly experiences, but a new fintech app could change that. By catering to traditional finance (TradFi) users while offering easy-to-use DeFi functionality, the app aims to onboard a new wave of users to decentralized apps. Users can embrace self-custody, safeguarding their digital assets without relying on banks, and explore new services that combine centralization and decentralization for swapping, spending, and earning crypto. Changex, an all-in-one mobile wallet, employs a CeDeFi model that combines centralized and decentralized finance, providing a familiar environment for users transitioning from traditional services. The app features a non-custodial crypto trading exchange, support for multiple blockchains, and the ability to stake assets and earn rewards. Changex also offers a Visa Debit Card for cashback bonuses and plans to issue European Union-regulated IBANs for managing fiat assets, enabling cross-border transactions. With these innovations and its robust financial solutions, Changex has been selected to participate in the Cointelegraph Accelerator program. The app has gained traction with 25,000 monthly active users and nearly $3 million in staked assets. Next, Changex will integrate the Avalanche blockchain, add staking pools, and introduce leveraged staking functionality. Its biggest update, scheduled for the fourth quarter of 2023, will be the Changex Visa Debit Card and IBAN integration, offering users complete control over their finances and transforming Changex into a comprehensive platform for both crypto and fiat.
Published At
9/3/2023 10:00:00 AM
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