Change is a decentralized bank associated with the Change Coin. Change aims to deliver revolutionary service to people from all over the world by removing the various borders and hurdles in the financial marketplace. They want to make sure that all types of financial services are easily accessible to everyone and not just a select few. The aim is to put a stop to the simulated monopoly created intentionally by regulators operating locally and some traditional banks. Change was founded in 2016 in Singapore.
Change is on a mission to combine all financial services and present them on a single sophisticated platform. It is designed to make payments, investments, and transfers across the world quick and effortless. The whole idea of the developers is to simplify retail banking procedures and modernize it all levels without compromising on key aspects like security and efficiency while ensuring equal access to opportunities.
As a strong endorsement of the plans and vision of the developers, Change has been able to enter into a partnership with e-Residency, an initiative of the Estonian government. It is regarded as the most advanced digital society in the world. This highly ambitious project has been fully supported and hugely acclaimed by leading supporters of decentralization. Change is now more than a company. The name signifies a movement of people who want to experience more than an average banking experience.
The app validates user transactions with other third-party service providers automatically by using the KYC information sharing.
Universal Crypto Wallet:
The Change wallet provides control over cryptocurrencies in the most instinctive manner and simplifies the storage of all the main cryptocurrencies making management of crypto portfolio better. It also simplifies the transfer of finances between peers. Change is also planning to add a series of wallet-like functions to the app.
Cryptocurrency users generally struggle to exchange digital coins for goods and services but Change will change all that. The platform will allow users to spend their digital funds both online and offline and in all such places where cards are accepted.
The fully digitalized bank will have less overhead to deal with than conventional banks. They aim to offer a transparent approach to fees. They don’t charge a fee for having an account, for making payments or transferring funds.
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