Decentralized finance (De-Fi) offers users several advantages over traditional centralized financial institutions, such as increased transparency, security, and accessibility. So why are only 3% of the world currently adopting such technologies? One of the biggest barriers to cryptography and mass adoption within decentralized space is related to practicality and simplicity.
“The cipher is gone … I keep saying that, and I sound like a broken record, but it has to disappear in the background for users who don’t care-honestly My mother doesn’t care if it is [centralized finance] Or defi. Harold Bosse, Vice President of New Product Development and Innovation at MasterCard, says. – Source: Decrypt – “crypto” needs to be “invisible” to reach mainstream.
The world wants a simple, fast, secure, and accessible banking ecosystem, and The Connector has made it possible.
Become your own bank.
Connecter will bring about a paradigm shift in the financial industry, contributing to a more robust, open and transparent infrastructure. The Defi protocol democratizes accessibility and gives capital providers unprecedented freedom to provide financial services and tools previously offered only by traditional financial institutions. Connecter is dedicated to significantly reducing the barriers posed by third parties and making these services available to the masses, not just individual users, but also merchants and vendors.
“Connectors were built by people for people. The current financial system is built using old foundations and technology. Here at The Connecter, all-in-one DeFi using blockchain technology. We are building a platform. Our platform is easy to use, easy to access, fast enough and cheap. Connector allows users to manage their money, “said Connector’s CEO and Founder. One Eduard Soponar says.
Your bank account = your money
Traditional financial institutions are centralized. That is, the bank account is kept and contains the ownership of a third party. However, Connector does provide an unmanaged account that anyone can access. This gives users full control over their funds while retaining and owning their money, improving privacy and account security.
“The biggest problem with centralization arises when there is abuse of power, resulting in a lot of corruption. And in centralization, the right choice is based on the trust between the user and the authorized person. We do, but I think users need to have a say, especially when it comes to allocations, distributions, and spending. Their own hard-earned finances. That’s the purpose of The Connector. We provide financial tools and options that connect freely, give choices, and help us in our daily lives, “said Paige Oneschuk, COO and co-founder of Connector. ..
But can I neither use nor pay for my crypto?
Connecter is dedicated to creating currencies that are fundamentally useful in your daily life. Currently, one of the most important issues with some cryptocurrencies is their lack of true usefulness. You cannot use it to buy coffee, pay invoices, or buy event tickets online. The Connecter Banking Platform alleviates this problem by allowing users to seamlessly buy, sell, send and exchange money.
Let’s talk about savings.
According to the Central National Bank, merchants can pay up to 2.95% per interchange rate via credit card transactions. The average monthly revenue for the new restaurant is $ 111,860.70, which is a monthly fee of 3,299.89, with approximately 40,000 sent directly to the credit card company each year. The partnership with The Connecter has reduced this fee to about $ 560 per month, and merchants are now paying $ 6,720 for $ 40,000 a year. This is about a 500% reduction in fees that are directly returned to the company’s bottom line.
Where does your money go?
All transactions within the Connecters blockchain are stored in a public, immutable distributed ledger. This guarantee is the fidelity and security of data records that generate trust without the need for a third party. It also means exposing people who are prone to thief politics, money laundering and other illegal financial activities. For example, according to a 2014 FBI Washington Field Office report, the U.S. Department of Justice ordered more than $ 480 million illegally deposited in bank accounts around the world by former Nigerian dictator Avacha. , His dictator returned to Nigeria. government. With Connecter, remittances are fully trackable and open to the public so users can see exactly where they are going.
“If you have restrictions, you need tools for freedom. I trust math and software more than politicians … [cryptocurrency] It’s easy for Argentines. ”– Jeronimo Ferrer created a Bitcoin tour in Buenos Aires
For many crypto enthusiasts around the world, decentralization and digital currencies are primarily about ideology or profits. But for many people, especially those in countries without bank accounts, it meets more basic needs.
Connector – Created for people by people.
company name: connector
contact person: Eduardo Soponal
Email: I send a mail