The traditional monetary system (banking) is at its worse. Millions of people have lost their life savings due to shady practices by banks. OroPocket is born out of necessity because of the following reasons:
Money loses value due to inflation.
Banks gamble with users funds.
Negative interest rates are now a common phenomenon around the globe.
High political influence on economic policies resulting in short term gains while creating long term negative impacts.
Opaqueness at banks.
Restriction by governments or central banks on the use of funds.
Limited access to funds.
Open Finance, a fintech protocol that enables custody of real-world assets on blockchains and enables developers to build applications on top of it. Being open in nature this protocol allows seamless integration of other on-chain apps, and can enable multiple chains to cross-share the asset classes.
To make Users of Oropocket achieve their goal, Oropocket has worked on bringing more exclusive features while users invest in precious metals such as Gold and Silver.
KEY DEVELOPMENT ON OROPOCKET
Nominee: You can add nominee for your accumulated assets on Oropocket. This is to make investments accessible to loved ones as this is one of the purpose of wealth creation. These features is live on Oropocket Web.app and will soon be made available on the mobile app.
Security: Security of assets on Oropocket is with ease. When securing assets, you will be prompt to add a password which is only unique to you when signing up over a new device. There are various ways of securing ones asset in Oropocket such as
i. Verifying phone number via SMS OTP on each login.
ii. Use of 2FA which is goggle authenticator based on two-factors authorization. It involves verifying your phone via 6digits numeric code that will be provided by google authenticator on each log in.
These two features makes account safe and secured even when the unexpected happens to phone.
Mobile App
Users can now have access to the mobile interface both for android and IOS users. The mobile interface is simple and easy to use.
Partnership And Benefits
OpenDeFi is in partnership with so many projects such as:
Matic Network, Tezos, Inblox, Conquest, Au21, Cash Free, Moonrock Capital e.t.c.
Benefits enjoyed on Oropocket include:
Tokenizing real world assets which is 100% insured. This is backed by an actual physical asset and in charge of a custodian which ensure that interest is held paramount.
Instant Exchange
USDC can be sent to the smart contract and instantly receive the equivalent amount of Gold and Silver into your wallet.
Staking Flash Loan
An instant loan is available by staking your assets. The flash loans are facilitated immediately. Liquidity can also be enjoyed on investments.
Earn a Yield
Staking assets enable earning yield on investment.
Cross-chain Support
Assets and value can now be shares for assets chains. Open Finance enables cross-chain support as it creates plug and play solutions for assets chain.
Bridging Gap Between Defi And Open Finance
The gap between traditional finance and DeFi is bridged by Open Finance. This is done by creating an ecosystem where there are multiple chains sharing assets and value. It also ensures there is no outrage as there is no centralized exchange but to ensure liquidity. Also, there are always physical assets backing every transaction.
Conclusion
OroPocket offers an alternative way to invest your money by keeping it in assets. Using OroPocket users can instantly invest in assets. On Oropocket there are tools that enable you to:
Instantly spend your assets using an asset-backed debit card.
Instantly transfer assets to any user globally.
Get instant loans.
Earn yield on your assets.
Telegram: t.me/
Website: https://opendefi.finance/
Telegram: t.me/Oropocket
Twitter: https://twitter.com/oropocket