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When thinking of a bank, the image of a traditional and trustworthy institution enters the mind. Throw digital assets into the mix and brick-and-mortar building revolutionize into something high tech and exciting. Those who hold digital assets are accustomed to limited variety in how their investments are managed, but with EQIBank, this has completely changed.

EQIBank is an international, digital bank and financial services organization that launched in 2015. Specifically catering to high net-worth individuals, EQIBank has a range of products that exist in one space. Like traditional banking institutions, the core value of EQIBank is trust.

Clients are served through three global businesses: private banking, commercial banking, and digital asset custody. EQIBank allows clients to bank globally from one digital platform. All accounts are online, in one bank, giving people the freedom to move money between their accounts seamlessly.

Accessible in 180 countries, EQIBank is undoubtedly a world leader in the digital banking space. As the demand for cryptocurrencies continues to grow, so does the way digital assets are managed.

EQIBank has met this demand through the launch of EQIFI, a community-powered global banking system. Additionally, the problems that exist within centralized and traditional banking methods have been addressed and arguably resolved through the community-governed products and services offered by EQIFI.

“The mission of EQIBank is to support innovative approaches to building a more interconnected banking world, with a focus on breaking historical banking limitations and providing financial freedom through an innovative approach to the offshore world,” the bank says.

In total, EQIBank offers clients five interconnected services. EQIBank also offers digital private and business banking solutions that are carefully tailored. EQIBank’s three global businesses are:

EQIFI fills the gap between the world of traditional finance and decentralized finance. This global financial protocol stands by its value proposition that all products and services should be uniformly available and delivered digitally.

EQIFI allows traders, investors, developers, exchanges, and app users within the entire ecosystems of digital asset, blockchain, and cryptocurrency to borrow against multi-type assets without selling.

According to EQIFI, apps have the option of borrowing assets to use in the Ethereum ecosystem without needing off-chain activity or having to wait for an order to close. Miners can borrow against a selection of collateral while speculators may utilize various trading techniques.

EQIBank is shaping the global digital asset management movement through decentralized financial alternatives to traditional financial products.

Democratizing finance is at the forefront of this project. Digital financial alternatives are more readily available than ever with EQIFI. For the less tech-savvy, EQIFI aims to make use of assets and other innovations in the digital asset space while providing access to a digital banking platform for those wanting a haven for their cryptocurrency.

EQIFI is a decentralized protocol for pooled lending, borrowing, and investing for ETH, ERC-20 tokens. These include wrapped bitcoin (wBTC), Stablecoins, and select fiat currencies. It provides a single uniform platform for DeFi products with EQIBank bank accounts, loans, custody, debit and credit cards, OTC, and wealth management.

EQIFI is different from competing projects and protocols in that it is partnered with EQIBank, which is a fully licensed and regulated digital bank. The project’s infrastructure is optimized for real-time interactions, meaning EQIFI is pioneering the demand for dynamic digital technologies.

The EQIFI Protocol has created a transparent, open, and secure DeFi market. Through the issuing of loans, credit, and investments, EQIFI has reached an expansive audience with its offering.

Clients of EQIFI have access to a hassle-free banking experience for day-to-day needs. These include:

The EQIFI protocol is governed by EQX holders. The EQFI structure allows the community to have full control over all proposals, voting, and change executions through the platform’s governance functions. The community is allowed to propose new asset classes, interest rates, and fees.

Control over core functions is in the community’s hands. These include listing and delisting new asset types and tokens, adjusting the interest rate per market (within commercially viable levels), and adjusting collateral levels among many more.

The traditional banking industry as a whole was not designed to be easily understood. The trust that average people put into these institutions is quite remarkable. Over generations, as these systems continuously failed millions of people, the power needed to be put back in the consumer’s hands.

With the onset of cryptocurrencies, the blockchain and digital assets pressing issues around accessibility and inclusion have needed to be addressed for the longest time. These spaces are notoriously intimidating.

What EQIFI gets so right is the fact that traditional and centralized systems and the issues that exist within this financial space have been addressed and solved. Giving power to the community to have control over core functions and make empowering decisions is a completely extraordinary concept and entirely counter-tradition.

EQIBank’s integral role in EQIFI means that clients won’t have the wool pulled over their eyes ever. The client’s financial well-being is at the core of this digital institution, something that is so obvious in the suite of services and products offered.

What sets EQIFI apart is that it has catered to the new kids on the block, offering a seamless and user-friendly experience throughout. Novice players in the cryptocurrency, blockchain, and digital asset space won’t be intimidating into finding another solution, they are rather welcomed with proverbial open arms. 

The post EQIFI — Community Powered Global Banking appeared first on BeInCrypto.

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