#n2coin

People around the world are using banking services on a daily basis. So the dependency on banks is extremely high in a community where loans, deposits, and transfers are common.

However, blockchain technology has emerged as a new disruption that may change the way we use banking and financial services.

Many banks have already implemented blockchain for a more secure processing system. Now with the inception of blockchain, the banking industry is no longer stagnant as innovation grows exponentially.  

Why choose blockchain technology?

The banking sector is one of the prime sectors that involve many third-party intermediaries to complete a transaction.

This ends up in charging large hidden fees by the financial institutions. Customers commonly experience this with wire transfers to family and friends. However, the blockchain facilitates true ownership of one’s funds.

Blockchain eliminates the need for intermediaries which saves time and money for the customers. It provides a peer-to-peer network that enables users to send and receive money in everyday businesses.

In recent research, technologists found that blockchain is poised to improve customer experience, streamline product features and reshape the market trends throughout the global economy.

Ultimately, blockchain will create a more trustworthy exchange of goods, services, and real assets, at a very low cost.

How blockchain will revolutionize the existing banking process?

As the technology matures, every industry will accept blockchain technology.  It will disrupt most aspects of personal banking, including payment, client identification, loans and credits, insurance, and mediation..

Financial institutions can use blockchain technology to minimize the cost and increase the speed when users make a bank-to-bank and international payment transfer. Blockchain is already ready to replace the traditional SWIFT bank transfer in the coming years.

Blockchain help in the creation of a decentralized identification system. It makes sure that all the clients of the respective bank will undergo the KYC process before accepting any application. With blockchain, the users will be identified once, and the information will be stored in a secure location where all the financial institutions can access the data.

Many banks tend to be unpredictable and susceptible due to the demanding responsibility of being a financial institution, making them more vulnerable to insolvency. So using blockchain will prevent insolvency entirely since the system is decentralized. The money transfer between sender and receiver will take place automatically in a secured manner.

Transaction through blockchain will be transparent on a public ledger, allowing any individual to see the information of the sender and receiver,  the amount that is transferred or received, and the timestamp of the transaction.

Finally, financial institutions cannot carry out their work without the aid of several mediators. But blockchain will provide cheaper, quicker, more straightforward services for both customers and banks.

How to revolutionize the financial system

If you want to provide both blockchain and crypto services to your customers then I would suggest you partner with N2 Coin. The coin is associated with the N2 platform.

N2 proudly presents the first ever token to avail services from a GloFi platform, the N2 Coin (N2C). Here's a quick tour for you to invest in the N2 Coin to get on your way to become a part of the GloFi Revolution.

N2 Coin (ticker symbol: N2C) is a multi-functioning cryptocurrency. N2C can be used to benefit from various services on the N2 platform. The team behind N2 is currently working on platform development.

Banks and Cryptocurrencies have been regarded as pole opposite institutions in terms of new-age finances. While banks offer traditional methods to finance, cryptocurrencies have unique approaches. Although cryptocurrencies offer freedom and transparency in finances, banks are perceived to be more reliable owing to the regulations and rules framed by the government.

Experts believe the collaboration between traditional banks and crypto services is the ideal solution for customers. Such collaboration can offer the best of both worlds. The N2Group has is offering just that with the launch of the N2 Platform and the cryptocurrency, N2 Coin.

N2 Coin:

N2 Coin (N2C), is the cryptocurrency associated with the hybrid N2 platform called. There are various services within the platform that users can avail by spending N2C. This cryptocurrency is the key element that bridges the gap between the crypto realm and the banking sector.

N2 Coin is the first of its kind to engage customers on a dynamic and harmonious platform that hosts an array of financial services.

The Compelling Reason to Invest in N2:

N2 Coin is the core of the N2 Platform. The Platform offers solutions to the challenges faced by banks through the integration of blockchain technology. This is achieved by preserving the centralized management systems of banks and exporting its services into blockchain. Such a system can benefit customers through its security, accessibility and reliability, while ensuring complete control over its operations.

N2 Platform is the first financial platform to invent and adopt GloFi. GloFi, short for Global Finance, is the term defining the collection of a set of financial services that are offered beyond the communities they are usually confined to.

The N2 Coin ensures harmony between banking and crypto services on its platform via GloFi. By investing in N2 Coin, one can avail banking services such as deposits, loans, credit tracking, trade finance, and payments while being able to access crypto services like trading, coin swapping, and ICO hosting.

Conclusion:

N2 Coin marks the evolution of how financial institutions can co-exist to cater to the customer’s monetary needs within a single platform. It stands proof of how a cryptocurrency can redefine finance while empowering existing systems.