What is CeDeFi and Why Do We Need It? - FINX Global - Medium

We’ve heard of CeFi and DeFi, the centralised and decentralised finance that separates traditional finance systems and cryptocurrencies. If you search the web, you will find a lot of articles listing the differences between the two — both with their own advantages and disadvantages.

However, the concept of CeDeFi is still not as vastly spread as CeFi or DeFi despite its growing popularity amongst investors and professionals. So, what is CeDeFi and why is it important?

The Concept of CeDeFi

As the name suggests, CeDeFi is a combination of Centralised and Decentralised. This means that CeDeFi offers users the best of both worlds. Mainly, the ability to participate in financial activities that involve digital assets while still following the regulatory standards.

For users, using a platform that is categorised as CeDeFi allows them to participate in financial activities, accumulate and invest in digital assets and at the same time, spend their investments in the real world without as much hassle, namely, going through tedious KYC processes every single time a transaction from Crypto to Fiat is made.

However, not all CeDeFi services platform offers the same benefit.

FINX — A CeDeFi platform for all

FINX is a platform that functions as part of both DeFi and the CeFisystem. FINX provides the convenience of a decentralized platform like Metamask, along with services that are from centralized platforms like Binance.

In the FINX ecosystem, users get to enjoy the benefits of DeFi which include not having to go through tedious KYC processes every time. Because FINX is a CeDeFi platform, users will only have to go through the process once, when they register for their first Crypto to Fiat conversion instead of doing it every conversion.

Additionally, users will also get to enjoy higher APRs, lower transaction costs & faster transaction speeds.

It is the iteration of a global financial powerhouse that once completely set up, will remove any barriers to global finance while ensuring that traditional centralized financial systems are in sync with the modern digitally decentralized financial system to give the end user a service that has been long desired.

Learn more about our CeDeFi platform by following our social media channels.

About FINX Global

FINX is the future of finance that aims to promote digital asset payments into the financial system, enabling seamless digital payments that are accepted globally.

As a result, FINX will put an end to the intensive process of Crypto to Fiat conversion by providing a platform to the global audience that enables anyone from anywhere across the world to seamlessly transact and participate in the world of digital assets conveniently and faster than before. This vision will therefore enable the world to better understand cryptocurrencies and digital assets, fueling mass adoption.

Social Media & Communities

Website: https://finx.global/

Discord: https://discord.gg/Est8APyRyu

Twitter: https://twitter.com/FINXSupport

Telegram Announcement: https://t.me/finxcapital

Telegram Community: https://t.me/FINXGLOBAL

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