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9 months ago
5
ARTICLE AD BOX
Developments within concepts like central bank digital currencies (CBDCs) and approvals of Bitcoin Spot ETFs earlier this year have sped up the process of removing the disconnects that have long been existing within the traditional financial systems and the world of cryptocurrencies. Enfineo in particular aims to bridge that gap even further, as the cutting-edge financial platform allows the unification of fiat and digital assets, all in one place.
enfineo: A revolution in Digital banking
enfineo’s journey began in 2021, as an infrastructure and a mobile app, with the goal of connecting fiat and crypto for mass adoption. Currently, companies like Binance or Crypto.com offer users a platform for their cryptocurrencies, while platforms like Revolut and Wirex offer neo-banking solutions for fiat. The ability to provide the combination of two in one place is one of the key factors that sets enfineo apart. The company aims to be a ‘one-stop-shop’ for users of all financial needs. Enfineo presents a unique perspective that connects with a tech-savvy audience seeking ease, cost savings and flexibility, from fiat to crypto conversions to fee-free international transfers.
Key features and advantages
Fiat and Crypto Accounts
Following by MiCA regulations, enfineo allows customers to store and manage various fiat currencies such as US Dollars and Euros but also other european local currencies (to be implemented this year) as well as several cryptocurrencies such as Bitcoin and Ethereum in a single app. Users can instantly convert fiat and digital payments at favourable exchange rates, saving money on currency conversion expenses. The app aims to attract crypto newbies, who struggle with where to start and are overwhelmed by its complexity, as well as crypto experts and businesses who face difficulties moving assets from digital to fiat or vice-versa, or are constrained by stringent AML regulations and so on.
Improved neo-banking
Neo-banks or cryptocurrency wallets and exchanges require users to go through a tedious onboarding process, which can take hours, with about 5-15 minutes for each transaction on average. On top of that, multiple apps are needed with a tiresome KYC process with the additional fees and charges on transactions, all of which results in slow onboarding and off ramping process. Enfineo aims to make the process fast and secure, with seamless KYC and fast onboarding and offboarding, with only a single fee charged. The company states that each user transaction only takes about 15 seconds.
Native $ENF token
Built on the Polygon blockchain, enfineo also hosts its own native ENF token which acts as a utility and a governance token and a backbone of the ecosystem. With a host of utilities, Enfinieo account users are eligible for cashbacks in ENF tokens on their transactions as well as several gamified cryptocurrency rewards. The project also allows staking, which enables benefits such as free subscriptions, lower transaction fees and allowlists in various community led investment pools and more.
enfineo’s global ambitions: A leap towards financial inclusion
The pioneering mobile app and infrastructure registered in Ireland and holding a EMI (Electronic Money Institution) licence in Lithuania, has already raised more than $3 million in funding rounds led by a series of crowdfunding and retail investors. It aims to expand globally and enter all markets beyond Europe in the coming years, as regions such as Asia Pacific and Latin America deem vital for its expansion plans.
How to begin with enfineo
Sign-up
Upon launch, users will be able to download the app from their app stores and complete sign-up. The procedure is easy and requires only basic information for verification.
Account funding
After registration, users can fund their enfineo accounts for fiat or digital assets with bank transfers (SEPA/SWIFT) or by attaching their current debit or credit cards. Users can also add funds through Apple Pay or Google Pay, or transfer cryptocurrencies using a wallet address.
Exploring Features
After creating the account, users can spend time exploring different features that enfineo has to offer. In Addition to the crypto and fiat bridges, the introduction of features such as spending pockets will enhance the platform. Users are recommended to familiarise themselves with the platform’s capabilities by doing everything from ordering physical cards to browsing different dashboards.
Making Payments
Whether you’re making a local purchase or sending money halfway around the world, enfineo’s payments function makes the procedure easier. You may add recipients, record payment information, and even set up automatic payments – all either through crypto assets or fiat.
Security is a top priority for enfineo. The company is fully compliant with AML and MiCA regulations, while ensuring features such as proof of funds and proof of wealth verification, and enhanced due diligence.
Enfineo aims to change the financial landscape by offering customers more control over their money and making financial management easier. Enfineo aims to provide a variety of solutions that adapt to modern financial needs, such as bridging the gaps between web3 and web2 ecosystems and reducing foreign transfer costs
English (US)