crypto saving app

[nattekut]

Last week I was on a business trip in Switzerland and was on a crypto meet up. I met a lot of people and learned a lot about new projects. One project really got my attention and I wonder what your thoughts would be on it.

This is the current situation:

- On the one hand people put money on a regular bank saving account. their money is safe but it does not bring any money. In some countries you already need to be happy if you receive 0.5% intrest in an entire year! And by deflation your for example 50$ has less value the next year you prices of goods increase and you can buy less with your 50$ 12 months later.

- On the other hand there are already some crypto saving programs. You can put a monthly amount of money in a crypto saving account. This CAN be good in the future but you are heavily exposed to the volatility of the market. You can for example save 100$ monthly in the app which makes it 1200$ in 1 year but if crypto drops during this period you will hold less than 1200$.

 

So the people I spoke with are developing an app which offers a solution for both issues. 

People want their money to bring more if they put it on a saving account but they want to safeguard their fiat value.

So this is their solution. 

They are launching an app where you can safe money, benefit of the crypto volatility but stil safeguard their fiat value. They explained it in an easy way.

 

People will be able to safe fiat in their crypto app. In the background the saved money is converted to a stable coin like for example USDC or USDT. So in this way the moneys fiat value is already secured. Then like a normal bank this group is going to make money on the fluctuations of coins like BTC, ETH but always get back into a stable coin as base currency.

In this way they can offer a crypto saving app that will safeguard your fiat value, increase your fiat value and can offer 2-5% value increase per month.

I personally think this could be a good way to get more people into crypto. Cause a lot of people are afraid because the heavy volatility but with how they are going to work people get involved in crypto, they can benefit from the higher profits that can be made, but at the same time safeguard their fiat value

[Kippo]

Coinall app can be your problem solution. It’s contained all things which you want to do in it . It’s also good app for both android, iOS and windows. I already Just tested about it . 

[ArturShabanov]

это приложение Gliph, оно поддерживает только Android