Hearing crypto bank account can sound strange, but don't worry I will make it simple.
What is a crypto bank ? A crypto bank like your traditional bank is a place where you can save, invest, buy, sell, store, deposit, borrow, withdraw cryptocurrencies. This is not an exchange platform. Like a traditional bank, the crypto banks gives you interest on your savings and returns on your investments. Also your funds are insured like a traditional bank.

The differences are: While your bank operates on a closed ledger, a crypto bank runs an open ledger because it is built on the blockchain. A crypto bank is also decentralised unlike traditional banks and most importantly, a crypto bank gives you higher annual interest rates than your traditional bank.

The world is moving from brick and mortar banks to digital banks and now to crypto banks.

I have opened my first crypto bank account by simply downloading the Xend Finance app and signing up.

Xend Finance is the first global crypto bank to come out of Africa and I am truly excited to have an account with Xend Finance.
With Xend Finance, I can save in dollars and earn returns in dollars. I also earn up to 15% annual compounding interest. This is excellent for me because I am a Nigerian in Nigeria and the naira is not smiling at all. It is falling everyday and sapa full everywhere lol.
But with Xend Finance, my savings are untouchable from sapa. It is great to have. I am excited that I have this.

Now that my first salary is about to enter, I am going to save about 10% of it in dollars with Xend Finance.

Sapa can never get me