In this article, we want to highlight the importance of financial independence, and the role IXFI plays in helping people achieve it.
We have a long journey ahead
Sadly, this still isn’t the reality for a lot of people out there. There are countries where it remains illegal for women to work, or women are barred from certain professions. Places where once women do obtain work, their earnings are immediately handed over to their husbands, fathers, and brothers. Countries where corruption is rife, and there are strict limitations on setting up an enterprise under overbearing governments.
Billions of people still lack formal access to banks, with few branches established in sparsely populated and low-income areas due to high operational costs or safety risks. In order to access banking services, customers are generally required to provide evidence of their identity and permanent address. This remains a significant barrier to accessing financial services for many people around the world, trapped in a frustrating cycle of poverty, unemployment, and homelessness.
No address, no bank account, no bank account, no job, no job, no means of obtaining accommodation. In rural areas, people may be required to travel for hours to conduct their banking in person. Many may be unable to make this journey due to the cost, their health, or other commitments, such as work or caring responsibilities.
Digitalization is spreading
In recent years, people have started to seek alternative solutions, such as electronic payment systems operated via their mobile phones. These alternative methods of banking can be accessed by anyone as long as they have access to a mobile phone, meaning they can forgo the identification documents that are usually required.
Electronic solutions like these are reaching all corners of the globe and making a huge difference in the lives of ordinary people, for instance allowing a person working in the city or overseas to send money home to their family, or enabling a low-income family to pay for their child’s education in a way that’s secure, no matter where they are located. These transactions must be safe, low-cost, and instantaneous.
These systems are not considered a form of conventional banking and, as a result, are permitted to operate more freely than centralized banks. The success of these rudimentary payment systems bodes well for the widespread adoption of cryptocurrency in developing countries and isolated regions alike, as these systems share many of the same goals in helping people achieve financial independence and security.
The Crypto Way
There is no doubt that investing in cryptocurrency can help people on their journey to financial independence. Crypto was created with the aim of putting people back in control of their own finances. Cryptocurrencies are simply money in a digital form, which makes them a more secure means of exchange, protected from external influences such as fraud, tampering, and human or technological error.
Cryptocurrency is just like any other form of the national currency, with a few key differences. No one owns the currency as a whole, so it is not subject to governmental politics or central bank policies. This means it is a form of currency that is entirely decentralized and borderless. Its value is solely determined by what people are willing to pay for it, free from interference or corruption.
The highly delicate and sophisticated construction of blockchain technology means that it is virtually impossible to forge. Crypto transactions are almost entirely confidential, crypto is stored electronically in a digital wallet, with the owner holding a private key to this wallet.
Transactions are made anonymously between users and are processed almost instantly at little to no cost. Crypto aims to eliminate the procedures and barriers of traditional banking, bringing the way we manage our finances into the 21st century. Cutting out this middleman also significantly reduces processing time, overhead costs, and room for error. It safeguards customers from fraud and bank crashes as well as gives them an unmatched return on investment. Crypto solves real-world problems for those who need it most, as well as making the rest of us better equipped to manage our finances securely and efficiently while reaping the benefits of cryptocurrency.
Your Friendly Crypto Exchange
It’s this vision that went into designing our one-of-a-kind platform, IXFI. At IXFI, we wanted to build an intelligent solution that would make the transition to crypto as smooth as possible, for beginners as well as experienced users.
IXFI is created to provide a complete ecosystem that nurtures our users’ ambitions and fuels the fires of achieving financial independence. Our platform has everything you need to get started on your journey to a new way of managing your finances.
You’ll find educational resources available within the platform. From our blog’s curated selection of educational resources to the latest news in crypto, it’s all there, at the touch of your fingertips.
At IXFI, we believe that anyone can be an investor, which is why we pride ourselves on being a friendly crypto exchange where everyone is welcome.
Join IXFI today to help put yourself on the right track towards a better future. Dream big with Your Friendly Crypto Exchange and those dreams might just become reality.
Disclaimer: The content of this article is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial and fiscal circumstances.
Although the material contained in this article was prepared based on information from public and private sources that IXFI believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and IXFI expressly disclaims any liability for the accuracy and completeness of the information contained in this article.
Investment involves risk; any ideas or strategies discussed herein should therefore not be undertaken by any individual without prior consultation with a financial professional for the purpose of assessing whether the ideas or strategies that are discussed are suitable to you based on your own personal financial and fiscal objectives, needs and risk tolerance. IXFI expressly disclaims any liability or loss incurred by any person who acts on the information, ideas or strategies discussed herein.
