As the demand for better, faster, and more convenient ways to handle digital assets and cryptocurrencies grows, financial services and institutions are exploring Web3 solutions and blockchain technology in an attempt to integrate the digital solutions necessary to make simpler processes.
Fiat24, a fintech company based in Switzerland, is leading the innovation by utilising NFTs as “bank accounts” enabling anyone to own a Swiss cash account on the blockchain, simply by connecting their digital wallet to their DApp.
Fiat24 is committed to revolutionising the way that banks operate through the latest blockchain tech, inviting all crypto and DeFi players to extend their journey in a new financial universe. Empowering clients through ownership and control, this innovative offering is made possible by the power of Ethereum and smart contracts.
Combining the security and reliability of traditional banks with the advantages of a decentralised ecosystem, Fiat24 is a place where transparency reigns supreme. As a company which holds the coveted “Fintech License,” they are well-regulated and work closely with Swiss Financial
Regulators FINMA, which helps to build the trust that many in the crypto space today crave.
Currently the only company to offer a utility token as a means to create a cash account, Fiat24 is Web3-ready – through minting their signature NFT via their self-custody, digital wallets, all the data associated with a traditional bank account are stored inside the client’s unique NFT.
Don’t forget the Metaverse!
Built with the Metaverse in mind, the Fiat24 banking concept is modeled on a miniature map of the world where digital land is available for purchasing.
Bigger tiles represent more valuable virtual real estate, and account numbers associated with them are assigned 2 digits. Likewise, smaller tiles are cheaper to purchase and have either 3 or 4 digit account numbers.
This press release was published on behalf of fiat24.com. To know more about this project, please contact
Name: Karen Shidlo