History tells us that the path to exponential growth in tech and finance is driven by innovation. For years, financial institutions have considered staying away from digital currencies the best move for the market. This approach has held back a lot of innovation that could’ve taken place in decentralized finance as well as centralized finance. The amalgamation of CeFi and DeFi not only would bring trust to the crypto space but would also open doors for innovation in traditional finance through blockchain technology. As far as the swift growth of Digital Life Bank is concerned, it follows the path as stated in the premise, embracing innovation.
Digital Life Bank is one of the few banking platforms in traditional finance that has set the precedence of allowing and embracing the use of digital currencies on its platform. Crypto is the new buzzword and everyone is looking to get involved with it. The only barrier that previously existed was that no secure and regulated party was giving its services in the decentralized domain. Digital Life Bank identified the issue and went on to become one of the first service providers for DeFi and crypto in traditional finance. The services include but are not limited to crypto trading, yield farming, and much more. This single move has proved to be a massive success for Digital Life Bank itself as it surpassed 2 million active users on the platform. For most other banks and startups existing in fintech and centralized finance, this amalgamation serves as a simple template for exponential growth. Accepting and embracing crypto is the future of finance and the faster these financial institutions absorb this fact the faster the space will innovate in the years to come.
Digital Life Bank has always worked on standing out from the competition by helping customers capitalize on opportunities otherwise not available in the market. Apart from that users have total control over their funds in addition to the benefits of safe transactions, protected information, and 24/7 customer support. Lastly, for investors, the interchange section of Digital Life Bank has proven to be extremely valuable. The system provides real-time market data and order routing. There is a dedicated channel that gives signals to customers every few hours with precise stop loss and take profit levels for users to gain a reasonable ROI over their stocks, forex, and crypto investments. The bank also has a very low barrier to entry as it has an easy signup procedure that is totally free and takes up no more than 2 minutes while not affecting the credit score of the customer. Once the account is created, the user can navigate through the web or mobile application to check all the sections and facilities available for free. Once the customer decides to make the deposit, the procedure is extremely easy and recognizes card transactions as well as wire transfers. Apart from that, the bank also has a feature for Islamic banking that helps users access banking services free of interest in compliance with the sharia law.