Fluid Finance SA, the first Swiss company to be capitalised in ETH, has brought something revolutionary to the world of mobile banking. A Fluid Account, which you only need an email to open—is better than a bank, and better than an exchange. The newly launched mobile app allows users to move in and out of crypto in seconds and connect directly to their Web3 wallet. CEO and founder Robert Sharratt said: “Fluid Finance is driven by giving as much control as possible to our users. This is about control of your money, this is about liberty, and a much more efficient banking system. We offer a faster, cheaper way to go right from your bank account into crypto and back. Once you’ve tried Fluid, you’ll never use an exchange again”. Fluid’s technology streamlines your everyday use of crypto. Their in-house digital currency—Digital Dollar (DUSD)—and integration with the Arbitrum portal allow users to mint from their fiat bank balance in seconds without high fees, long wait times, or creating multiple accounts. And unlike algorithmic stablecoin technology, Digital Dollars do not lose their peg. DUSD is real money, on-chain: when you mint DUSD from fiat held in a Fluid Account, the fiat moves to Fluid’s treasury account, where it is held and insured until you redeem. This transaction is verifiable on-chain, as are the reserves in Fluid’s treasury. DUSD can therefore only be created by real USD deposits, and the treasury is publicly broad...
