Today’s Coin of the Day is Ø Crypto Union. Crypto Union aims to be on the forefront of the race to build crypto banking utilities. Membership to Crypto Union will mean part ownership in the cooperative and banking benefits on the Crypto Union platform. This project combines the benefits of banking with the security, privacy, and independence of cryptocurrency. The main currency of Crypto Union is GXE. GXE can be used to pay membership fees on the Crypto Union Platform.
Crypto Union is delivering three flagship products: Pay, Invest, and Lift.
Crypto Union Pay is everything you’d want when managing your cryptocurrency assets. Using Pay allows you to get a crypto-backed loan right to your bank account. Pay has different tiers of membership which correspond with different fees. Each tier offers several features, with the amount increasing on each move up.
Crypto Pay is currently live with iOS and Android apps, and offers three different fiat withdrawal currencies, with more on the way.
The second product, Invest, offers a sleek and user-friendly solution to investing your money into a range of assets. This is done through two different tokens, ØDA and ØSB (Diversified Assets and Secured Bonds). Here’s a breakdown of each:
Diversified Assets offers a range of investments that could replace traditional investing on fiat brokers, and attract investors that seek liquidity, functionality, privacy, and security.
Secured Bonds seems to be the part of Crypto Union that replaces the investment appeal of traditional banks. With Secured Bonds, you can take advantages of services that are offered at banking institutions–but with cryptocurrency.
Invest has created a robust and functional version of a bank or broker for cryptocurrencies. This addresses the lack of infrastructure that crypto investors often experience when seeking to move assets into cryptocurrency. There is undoubtedly a huge market demand for this.
The final product, Lift, is a consulting and advice service that is offered to members. As with the other two products, there are levels of membership, each coming with different benefits. You can get tax advice, auditing services, risk consulting, and asset management through Lift. Here’s an overview of Lift:
Crypto Union is a comprehensive, functional, and vast network of services that has so many features, it’s a wonder that it hasn’t replaced Coinbase. They’ve developed a wide range of appealing services for all levels of cryptocurrency investors. The project is young, but it’s built for rapid growth. An investment in the various tokens offered by Ø Crypto Union could be an investment in the most comprehensive crypto banking platform to-date, and possibly a market frontrunner in the future.