Bytus

With the spectacular success of decentralization in cryptocurrencies such as Bitcoin, there is a continuing effort to apply the underlying blockchain technology to many use cases. The realm of finance initially appears to be a prominent and conspicuous starting point. Putting financial products on a blockchain makes them more accessible, scalable, transferrable, and transparent while adding additional protection and eliminating financial intermediaries, brokerages, etc. Decentralized finance, or Defi, refers to implementing decentralization concepts in the financial sector.Even though Defi is still in its infancy, over 80 billion dollars has already been committed to Defi contracts, which will only grow in the coming years. As Defi expands and more investors participate in cryptocurrencies and blockchains, the seemingly insignificant convertibility and transferability concerns between crypto and fiat currencies will become more apparent. Transaction fees, currency conversion fees, and other costs will quickly add up, making it harder and harder for people with fiat currency to invest in Defi products systematically and regularly.Switching to the Bytus ecosystem is a simple alternative. The Bytus Multicurrency Wallet supports many currencies. It allows users to make recurring payments or convert any transaction amount from fiat to cryptocurrency and vice versa without incurring any additional fees. Maintaining a sufficient quantity of Bytus utility tokens (BYTS) in your wallet serves as your channel width on the Bytus network. If you have 10 Bytus in your wallet, you will be allowed to conduct 10 transactions in 24 hours without incurring further fees. In addition, based on your interactions, Bytus Crypto Bank offers an extensive array of custom banking services.

Bytus Crypto Bank is bringing decentralized finance to life

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