Unlike other decentralized platforms that take a conservative approach to the cryptocurrency world, Fortis takes pleasure in reinventing the cryptocurrency experience and transforming how you transact with cryptocurrencies. It acts as a link between virtual currencies and traditional financial industries, making things easy yet safe, lucrative, and accessible all around the world. This is a passion project for the CEO, Jesus Sobredo, who has put in a lot of time, effort, and dedication to ensure maximum user satisfaction.
Fortis boasts three main features that work together to create a distinctive ecosystem where all users can feel confident knowing that their identity and money are secure. The Fortis App, Fortis Gateway, and Fortis Labs are the three key features that will be discussed in-depth in this article.
1. Fortis App
This is a dApp created within the Fortis ecosystem to provide the best possible user experience to its users. It provides a wide range of services, including the ability to buy and sell cryptocurrency, as well as a plethora of other valuable products and services that are limited or unavailable on other platforms. The Fortis app aims to foster full financial freedom with three primary use cases: Fortis On-Ramp, Fortis Card, Fortis Lend.
Fortis On-Ramp is one of the app’s features that will allow Fortis users enjoy a frictionless experience for converting between fiat currency and cryptocurrencies, utilizing all main payment methods such as debit cards, credit cards, and local bank transfers.
Another use case is the Fortis Card, which offers the simplest, fastest, and safest way to spend crypto anywhere in the globe. This functionality immediately alleviates the multiple issues and disadvantages customers face when trying to spend cryptocurrency. Furthermore, the cards, which will be financed by your crypto balance, will be available in three different grades: regular, plus, and premium, with each grade differing in terms of the maximum amount of FORT stake, withdrawal limit, and incentives gained.
With the Fortis Lend, everyone has access to loans. Credit ratings and track records, which are often required by traditional commercial banks before a consumer may be considered for a loan, are not required. All that is required of the borrowers is a deposit of cryptocurrency, which will act as collateral to be reclaimed immediately after the loan is repaid.
To sum it all up, the Fortis app is built in such a way that it prevents people or governments from controlling or blocking access, resulting in a safe environment.
2. Fortis Gateway
This is yet another important feature of Fortis, which serves as a payment service provider, allowing businesses to accept cryptocurrencies as a payment option. This is a significant achievement that is currently absent in current payment gateway systems, which tend to function as monopolies that stifle business owners with expensive costs, long-term contracts, and delayed support.
The Fortis Gateway offers payment settlement services using a simple POS system that company owners can purchase or install independently. Moreover, regardless of which cryptocurrency the customer uses to pay, the business owner will be given the option to exchange to a stable coin, bitcoin, or a variety of other cryptocurrencies as soon as the payment is received.
3. Fortis Labs
Fortis Labs, dubbed “The New Home For Great Ideas,” is a new feature that will be added to the Fortis Ecosystem soon. Fortis Labs’ mission is to become an exclusive innovation centre for Fortis-related technologies. The Fortis Lab intends to assemble breakthrough innovations or products that will bring solutions to difficulties encountered in the Fortis ecosystem, therefore transforming the future of finance. Every unique and new project in the Fortis Labs would be crowdfunded using the FORT Token, even with the possibility of some projects offering incentives.
After going through the features of Fortis, it is apparent that these are solid foundations for its growth and that they can completely transform the cryptocurrency industry. You should try them out today.
Carolyn Coley is a blockchain reporter. She joined Smartereum after graduating from UC Berkeley in 2018.