DeFi protocol Paycer is developing a cross-chain bridge that aggregates DeFi or crypto and combines them with traditional banking services. To get started on the platform, users only need to make a fiat deposit with no additional requirements of cryptocurrencies or DeFi.
<h2><strong>Paycer Integrates DeFi With Traditional Banking Services</strong></h2>
German-based fintech startup Paycer is <a href="https://www.globenewswire.com/news-release/2021/12/03/2345926/0/en/German-Fintech-Startup-Paycer-to-Combine-DeFi-Crypto-with-Conventional-Banking-Services.html" target="_blank" rel="nofollow noopener">creating</a> a bridge protocol that aggregates DeFi and cross-chain crypto services and integrates with regular banking services like a bank account and a debit card.

Providing full interoperability across multiple blockchains, the platform will feature a variety of financial services, including <a href="https://www.cryptoknowmics.com/news/top-3-fiable-and-trustworthy-crypto-wallets-apps/">crypto wallets</a>, bank accounts, lending, liquidity pools, and faster access to the lucrative DeFi market.

To get started, users don’t need prior knowledge of cryptocurrencies or DeFi. One only needs to make a fiat money deposit where Paycer will then automatically place the deposit in selected <a href="https://www.cryptoknowmics.com/news/what-does-eth-2-0-imply-for-the-defi-world/">DeFi products</a>.

Expected to come online by the beginning of next year, one of the platform’s most alluring features is that it promises to offer exceptionally high rates of interest in today’s low-interest financial market.

With cryptocurrencies known mostly for their high volatility, some investors are hesitant to enter the DeFi market. However, Paycer promises to assist consumers in mitigating risk by evaluating the feasibility of new DeFi solutions before investing in them. Additionally, it will conduct multiple checks in advance, automatically diverting users’ funds away from investments seen as too risky.
<h2><strong>Paycer's Utility Token</strong></h2>
As part of the protocol’s launch, Paycer will also provide a utility token (PCR) which will produce real value for the users and grant token holders voting rights. Pre-sales of 4% of these tokens are now available (at a discount), and a later public sale of 5% will be held.

Users may receive rewards by staking PCR tokens on the Paycer platform. Additionally, the DeFi protocol will reinvest a portion of its revenues in token buybacks to assure consistent demand and stable prices for its native cryptocurrency.

Paycer is Building Cross-Chain Bridge for DeFi and Banking Services

DeFi protocol Paycer is developing a cross-chain bridge that aggregates DeFi or cryptocurrencies and combine them with traditional banking services.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

Paycer is Building Cross-Chain Bridge for DeFi and Banking Services

Top Picks