What Is Fluid Finance? And How Is It Aiding Crypto Adoption?

^{Fluid Finance is a revolutionary new approach to banking, built for the digital age. We’ve integrated all the benefits of traditional banking with all the benefits of the digital world – within one app. Designed to make your money work harder for you. Open to anyone, globally.}

Where It Matters

The days of traditional banking is losing identity, this is expected as crypto becomes bigger scaling up. Major changes are going to fall through and the industry models around finance will inevitably change. Crypto is the future-package for a whole lot of reasons. When we look at the world of trade with it demands , there's no better fit than crypto.

It is on my list of expectations that many commercial banks will be rebranded to meet crypto standards, it is business and so being in shape is a crucial factor. Added to this, just as we're having Fluid Finance today, there will be numerous companies setting up services to bridge the gap between traditional banking system and global ease in transaction, this of course is a big deal, leaving crypto a winner for its flexibility in trade.

Why Choose Fluid?

What fluid Finance brings to the table is "flexibility and interoperability", this, in the sense that it creates a bridge between fiat(so-called traditional money) and cryptocurrencies (digital cash). Technology is moving fast and being behind would be a bummer, frankly, the world needs more of such services as crypto becomes increasingly demanded but yet, the complexity remains, this is why it is necessary.

How Fluid Works and How It aids adoption

Fluid accounts, which are created with just an email, can be linked with a bank account( though this function is currently available for select countries). With an account there are numerous things to do. Savings, processing payments online, sending money across the globe and yes, buying crypto. This is the fun part.

^{Fluid’s technology streamlines your everyday use of crypto. Their in-house digital currency—Digital Dollar (DUSD)—and integration with the Arbitrum portal allow users to mint from their fiat bank balance in seconds without high fees, long wait times, or creating multiple accounts.}

^{And unlike algorithmic stablecoin technology, Digital Dollars do not lose their peg. DUSD is real money, on-chain: when you mint DUSD from fiat held in a Fluid Account, the fiat moves to Fluid’s treasury account, where it is held and insured until you redeem. This transaction is verifiable on-chain, as are the reserves in Fluid’s treasury. DUSD can therefore only be created by real USD deposits, and the treasury is publicly broadcasted to the blockchain to verify. Because every DUSD has a real Dollar sitting in a bank account, a user can always redeem DUSD 1:1 for cash – no matter what the third party market says.}

^{Users can then exchange large amounts of DUSD to ETH with zero price impact, using Fluid’s revolutionary single point liquidity pool. Moving away from AMM-based liquidity pools as we know them from SushiSwap or Uniswap, which rely on price discovery for tokens, Fluid instead relies on Chainlink oracle-based external price feeds for the ETH-USD price.sources claim}

This is bound to accelerate adoption, giving room for three possibilities: more crypto investors, competition amongst banking institutions, better trade experience across the globe.

If fluid manages to develop and run this service smoothly, more crypto lovers would emerge. A major problem associated with getting involved with crypto is its complexity, but looking at this system, there's however a simplification, this makes crypto more user friendly on a basic level.

And as mentioned, this springs competition, while many banks are prohibited, many are just doing nothing and losing customers which implies: losing money. Developments like this sparks competitions, and healthy competitions births value, money and attention is slowly and steadily moving into the space through all these developments, with time, the industry is bigger on scale.

Lastly, as aforementioned, it's a pain in the ass to transfer money across the globe, on several trials, many dumb shits hinders flexibility in trade when it comes to traditional banking system. With more projects being developed like fluid, trade is made easier as the system is built differently.

^{With crypto, financial possibilities are limitless, however, this content is for educational purposes only, not financial advice!}