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BankSocial and DEFY Federal Credit Union. Say goodbye to traditional banking hurdles and hello to a world of decentralized, secure, and globally accessible financial services.
BankSocial® Announces proposed DEFY Federal Credit Union at North American Blockchain Summit.
BankSocial® Announces proposed DEFY Federal Credit Union at North American Blockchain Summit
BankSocial® Announces proposed DEFY Federal Credit Union at North American Blockchain Summit
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tldr; BankSocial is developing DEFY Federal Credit Union, the first digital native, self-custody credit union powered by distributed ledger technology (DLT). It aims to merge credit unions with decentralized finance (DeFi) to provide equitable financial tools access. The BankSocial app, Verified KYC tool, and Secura Decentralized Recovery (DeRec) are key components. BankSocial's CEO, John Wingate, emphasizes the synergy between credit unions' ethos and BankSocial's ecosystem. The platform will utilize Web3 principles to enhance security and user control, moving away from centralized data control. Becky Reed, with extensive credit union experience, has joined as COO to help navigate the credit union creation process. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
*Gensler throws the papers up into the air, they were paper air planes all along. They fly in every direction, poking people in the eyes and getting lodged in HVAC. Gary pulls a propellor hat from his breast pocket, no wonder his coat looked weird all day* “LOOK AT ME NOW, PEASANTS! I DEFY GRAVITY!” Everyone stares in disbelief as Gary begins to float above the podium upon his own will. He was a shape shifting multi dimensional being this whole time. “I AM ThE FaTHEr of 3 BeAUTIfUl DaUGHters!!! BOW BE4 me BIATCHes!!! Everyone begins to panic and scream as lasers shoot from his eyes. No one was expecting this.
Unlock the Future of Finance with Open Banking on Hedera. BankSocial is proud to present a cutting-edge open banking platform, redefining the way credit unions operate in the digital age. Features That Propel us Ahead: •Decentralized Finance (DeFi): Embrace the crypto ethos with our open banking platform, aligning with the principles of decentralization and financial freedom. • Identity Verification: Secure, on-chain, and self-sovereign identity verification to protect you from fraud and ensure a seamless user experience. • Payments Systems: Stay ahead with RealTime Payments (RTP) and multi-system integration, making transactions swift and efficient. • Digital Assets on Hedera: Our platform supports a multi-chain wallet, bringing together Bitcoin, ERC tokens, Hbar, and more in one place. Lightning-capable and connected to your bank accounts for ultimate convenience. Secura - Decentralized Recovery Mechanism: Fear not the loss of keys or device mishaps! Secura, our revolutionary decentralized recovery mechanism, ensures the safety of your assets, providing peace of mind like never before. Defy Federal Credit Union: Join the financial evolution! BankSocial proudly introduces Defy Federal Credit Union, a proposed institution built for digital assets and powered by Hedera. Be part of the future, with a focus on openness, collaboration, and serving the global community. • Why BankSocial? • Proven Expertise: Leaders in the industry, we've pioneered innovative solutions in line with the crypto and blockchain mantra. • Global Accessibility: Proposed Defy Federal Credit Union aims to grow beyond the U.S. - we endeavor to open to the world! Partnering with Hashgraph Association and other web3 companies, we're bridging gaps and fostering global collaboration. • Security and Innovation: With a foundation built on Hedera, we ensure security, scalability, and continuous innovation, solving the trilemma of blockchain. Join the Financial Revolution Today with BankSocial! Ready to experience the next frontier in finance? Connect with BankSocial and DEFY Federal Credit Union and be part of a financial ecosystem that's changing the game. Say goodbye to traditional banking hurdles and hello to a world of decentralized, secure, and globally accessible financial services. • Visit BankSocial's Website for More Information! www.banksocial.ion
tldr; BankSocial® has announced the proposed creation of DEFY Federal Credit Union, aiming to revolutionize the financial landscape as the first digital native, self-custody credit union. Leveraging distributed ledger technology and the cooperative ethos of credit unions, DEFY FCU is poised to serve the global Web3 community with innovative financial services. The initiative is deeply rooted in empowering members, ensuring transparency, security, and efficiency in digital finance. BankSocial®'s open banking features and innovative technologies such as Secura™ Decentralized Recovery ("DeRec") and BankSocial® Verified® are set to redefine what a credit union can achieve in the digital age. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DEFY Federal Credit Union. This pioneering initiative aims to revolutionize the financial landscape by being the first digital native, self-custody credit union. Leveraging distributed ledger technology and the cooperative ethos of credit unions, DEFY FCU is poised to serve the global Web3 community with innovative financial services.
tldr; The relevant text for the article title is: "BankSocial® Announces proposed DEFY Federal Credit Union at North American Blockchain Summit | Disruption Banking Skip to content About us Magazine Contact us Fintech 101 Subscribe About us Magazine Contact us Fintech 101 Subscribe Facebook-f Linkedin Twitter Markets by Trading view Fintech Banking Capital Markets Digital Assets Sustainability ESG Press Releases Menu Fintech Banking Capital Markets Digital Assets Sustainability ESG Press Releases Search Search Close this search box. BankSocial® Announces proposed DEFY Federal Credit Union at North American Blockchain Summit Press Release November 16, 2023 Facebook Twitter LinkedIn New Capabilities to Integrate Web3 Community Needs Fort Worth, Texas, North American Blockchain Summit – November 16 , 2023 – BankSocial®, in collaboration with industry partners and advisors, today announces the proposed DEFY Federal Credit Union – the first digital native, self-custody credit union powered by distributed ledger technology and the ethos of credit unions. Based in Texas and powered by BankSocial® open banking features, the proposed DEFY FCU has a mission to serve its members and the larger Web3 community across the world with financial services that have been difficult to provide in the past." Summary: BankSocial® has announced the proposed DEFY Federal Credit Union, the first digital native, self-custody credit union powered by distributed ledger technology and the ethos of credit unions. The mission of DEFY FCU is to serve its members and the larger Web3 community across the world with financial services that have been difficult to provide in the past. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
the first digital native, self-custody credit union powered by distributed ledger technology and the ethos of credit unions. Based in Texas and powered by BankSocial® open banking features, the proposed DEFY FCU has a mission to serve its members and the larger Web3 community across the world with financial services that have been difficult to provide in the past. Built with a backbone of not-for-profit financial cooperative relationships, the proposed DEFY Federal Credit Union takes advantage of new tools that can empower every domestic credit union for an open banking future.
tldr; The relevant text for the article title is as follows: "BankSocial® Announces proposed DEFY Federal Credit Union at North American Blockchain Summit - EIN Presswire ... BankSocial ® , in collaboration with industry partners and advisors, today announces the proposed DEFY Federal Credit Union - the first digital native, self-custody credit union powered by distributed ledger technology and the ethos of credit unions. Based in Texas and powered by BankSocial ® open banking features, the proposed DEFY FCU has a mission to serve its members and the larger Web3 community across the world with financial services that have been difficult to provide in the past." Summary: BankSocial® has announced the proposed DEFY Federal Credit Union, which aims to be the first digital native, self-custody credit union powered by distributed ledger technology. Based in Texas, it seeks to serve its members and the larger Web3 community with financial services that have been difficult to provide in the past. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I saw a Twitter from Cryptorank (26th of April) that shows that only a few projects (Elfin Kingdom on BNB Chain and DEFY on Polygon) had over 800% of user growth in the last 30D. I know Axs, Second Live, and Ilv are big players, but as a Play to Earn enthusiast... I'm also focusing on newer and upcoming projects.
Should check out DEFY. It's a location based game like Pokemon Go, but with Web3 elements like NFT assets and tokens and a story more like Mr Robot/Watchdogs: https://twitter.com/defydisrupt/status/1580162015532044289
Check out DEFY (https://twitter.com/defydisrupt/status/1580162015532044289). Point of interest algo generates locations everywhere, not just cities!