Industry
2021: The Year of Quppy And The Evolution of Banks As A Service (BaaS)
Bitcoinist | Dec 10, 2020 | 13:12
2020 has been a year unlike any other in terms of dramatic life change. Throughout history, any phases of challenge or uncertainty led to a mass disruption of the traditional systems in place and ushered in a new societal revolution.
There was an industrial revolution, a technological revolution, and what is next is a decentralized, all-digital future. The basis of a brighter, more inclusive, and fair future is starting today, and it begins with services like Quppy and technologies like blockchain and DeFi.
Here’s why Quppy’s all-in-one, all-digital financial solution is the evolution that combines money, markets, and payments in a way that makes sense and fits in perfectly with the future.
How An All-In-One Solution Is Crucial To The Future Of Finance
Software as a service (SaaS) is a software distribution model for always-on internet applications. These services have dominated the world of business over the last decade. Quppy is a world Bank as a Service (BaaS) solution that enables the future of digital finance.
Traditional centralized banks of today are only a piece of the overall puzzle in the global economy. They offer deposit accounts that supply a yield or lend capital to customers. Only through payment partners like VISA and Mastercard are banks able to also provide customers a way to transfer the stored money there to others across the globe.
For even faster digital payments, these customers might also have to rely on PayPal, Venmo, and more to get the job done. For wealth management or investments, those same customers must turn elsewhere to access exposure to assets like stocks or cryptocurrencies.
Bitcoin and other cryptocurrencies first brought about the blockchain technology that cuts out the bank middle man for deposits, accounting, custody, and even payments. The recent development of DeFi (decentralized finance) over the last year, enabling yields and lending without the need for a third-party, was yet another nail in traditional banking’s coffin. But what has been missing is an all-in-one solution that offers all of this and more. But with Quppy’s current offering and what they have planned in their roadmap, that solution is now here.
Why Quppy Is The Bank As A Service Solution For The Digital Age
Quppy is the first working Bank as a Service solution. Both individuals and businesses are able to open up a bank account instantly and complete KYC, and payment cards are coming in Q1 2021 for EU citizens and will continue to roll out worldwide throughout the rest of the year. Quppy’s unique AI-based solution will assist customers with choosing the best card or account services possible to ensure all related features and benefits are ideally suited and as profitable as possible for each individual client.
Quppy offers exchange services for assets like cryptocurrencies and acts as a fiat gateway. Because the Quppy app interacts with the blockchain, it can facilitate crypto transfers to and from a new generation of cryptocurrency wallets while also ensuring interoperability and backward compatibility with existing wallet services and infrastructure.
All the bells and whistles are also starting to roll out, with socially-driven gift card purchases and more social-forward features like donations or joint purchases on the way next year.
The flexibility and full feature set, leaving nothing behind, is why Quppy is the world’s first all-in-one banking solution, ready for the all-digital future of finance. The Quppy multi-currency wallet app is already available today, and additional money services licenses to operate in the US and Singapore as a digital bank are due in the new year.
To learn more about Quppy, visit https://quppy.com.
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