A bank between two worlds #
The main reason for the development of the Galobank project is to cover today’s need of joining the two financial systems together, the DeFi or decentralized finances and the traditional financial system, facilitating the access of individuals to financial services in the most efficient way.
What is GaloBank looking for? #
It is true that, in their attempt of covering this need, certain FinTechs have already made the first step, but no financial institution has yet managed to cover it properly and far-reaching enough.
It is still complicated to buy and work with cryptocurrencies, as there are too many barriers and the systems are a bit counterintuitive. Let’s not talk about the fact that after acquiring the cryptocurrency we were looking for, it is very complicated to transfer it to our Metamask, Trustwallet, etc. to be able to make the investments and then run all the way back with the profits made to be able to spend them.
Galobank seeks to facilitate this entire process, the exchange between FIAT currencies (euro, dollar, libra, etc.), the access to investment projects, crypto loans, funds…and the subsequent conversion for daily use.
