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What is Fortis and Why Should You Care?

The cryptocurrency sector has paved the way for a slew of new and intriguing ventures to emerge

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What is Fortis and Why Should You Care?

The cryptocurrency sector has paved the way for a slew of new and intriguing ventures to emerge, one of which is Fortis. Let us now, without further ado, learn more about it. Fortis is a platform that makes it simple to purchase, sell, and spend cryptocurrency.

 (Enter the Fortis ecosystem)

According to the founders, Fortis was created in response to the difficulties that non-crypto users face, as well as the growing need for more integration into the cryptocurrency industry. Fortis was created to resolve current crypto challenges by creating a unique ecosystem in which all users may feel safe in the knowledge that their identity and money are secure. As a result, it aims to revolutionize the way you transact with cryptocurrencies, reimagining the experience to make it simple, enjoyable, and beneficial.

Fortis appears to be the future of decentralized finance as it offers an all-in-one solution and access into crypto via three key components: the Fortis App, the Fortis Gateway, and the Fortis Lab.

Fortis App

The Fortis app is essentially a complex network that has been streamlined to provide the best possible user experience. The app improves the traditional banking system with cutting-edge technology in a new and exciting way. Three important features are included in this app:

  • The Fortis On-Ramp intends to provide a smooth experience for all Fortis users when converting between fiat currencies and cryptocurrencies using all main payment options such as debit and credit cards, local bank transfers, Apple Pay, and more.
  • The Fortis Card, which works like a debit card and is financed by your cryptocurrency balance, provides an easy way to spend your cryptocurrency without the outrageous fees that are commonly linked with credit/debit cards.
  • Fortis Lend provides a fair system in which anyone can obtain a loan simply by depositing cryptocurrency as the sole collateral.

Remarkably, all of these functionalities may be used on the app without raising any security concerns. This is due to the app's non-custodial service, which lets users retain exclusive possession of their private keys, guaranteeing that their assets are secure and under their complete control.

Fortis Gateway

Unlike many existing standard gateways, this payment gateway will provide entrepreneurs with the infrastructure and ability to accept cryptocurrencies as a means of payment. It promises to make transactions more accessible and easier for both customers and retailers.

Fortis Labs

This is an emerging initiative with a creative notion of bringing fresh projects/products from vast research and innovation to the Fortis ecosystem, which will provide easy and accessible solutions to the Fortis ecosystem that might also be relevant real-life use-cases.

Furthermore, Fortis offers users its token, Fortis Coin (FORT), which would be utilized to power all of the platform's products and services, ensuring users' transparency, accountability, and independence. Subsequently, this will enhance the relationship with their community members, promote its growth, and pave the way for future collaborative opportunities. Although the FORT Coin is intended to be deflationary, it is also a utility token that provides passive income to its holders. Every time transactions occur on the On-Ramp, they are redistributed to the active holders on the platform after a certain period.

Admittedly, the Fortis platform has long-term sustainability in mind, as evidenced by the distribution of the 1 billion FORT created. A significant portion has gone toward laying a solid foundation as well as project development, which includes Fortis branding, marketing, and ongoing promotions. One significant project it hopes to complete in the future is the establishment of Fortis ATMs across countries so that users can access their wallets to check balances, withdraw, and deposit fiat notes.

With all of these incredible features and promising possibilities, the Fortis platform is set to reinvent the way we transact cryptocurrency.

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