Whitepaper
  • Introducing RCO Finance
  • Market Challenges
    • I. Intermediary Involvement
    • II. Transaction Time
    • III. Complex Interface
    • IV. High Transaction Fees
    • V. Limited Liquidity
    • VI. Inaccessibility
    • VII. No Diverse Assets
    • VIII. Lack of Interoperability
  • Architecting the Solution
    • I. Decentralized Infra
    • II. Dividend Pools
    • III. Staking Pools
    • IV. DeFi Debit Card
    • V. Private ETF Funds
    • VI. Ergonomic Interface
    • VII. Wide Range of Assets
    • VIII. AMM
    • IX. Borrowing & Lending
    • X. AI-Based Copy Trading
  • AI-Powered Robo Advisor
    • Recommendations
    • Transaction Execution
    • Automated Liquidity
    • Machine Learning
    • Decision-Making Process
  • Security Integration with Fireblocks
  • Tokenomics
    • $RCOF Utilities
    • Token Allocation
    • Staking Model
    • Liquidity Providers
    • Vesting Schedule
  • Revenue Stream
  • Revenue Distribution
  • Roadmap
  • FAQs
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  1. Architecting the Solution

IV. DeFi Debit Card

DeFi debit card acts as a bridge between the decentralized world of cryptocurrencies and the established fiat-based financial system, providing a seamless way to convert and spend crypto assets. The card would allow real-time conversion of crypto assets into fiat currency at the point of sale. This means that when a user swipes their DeFi Debit Card, the system automatically converts the required amount of cryptocurrency from their wallet into fiat currency, making the transaction smooth and hassle-free.

This real-time conversion eliminates the need for users to manually convert their crypto holdings into fiat before making a purchase, saving time and reducing friction in the payment process. Furthermore, this interoperability makes DeFi assets more practical and usable in everyday scenarios, bringing them closer to mainstream acceptance.

Users who have staked their assets on the RCO platform can easily withdraw or convert a portion of those assets for spending via their DeFi Debit Card, without needing to go through traditional banks or financial intermediaries.

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Last updated 7 months ago