Tezos is one of the blockchain projects that has immense potentials despite some of the hiccups that the project encountered. Tezos Crypto Life is poised to utilize the power of the Tezos blockchain to bring utility to users. Tezos Crypto Life is an app that brings the power of Tezos to the user by giving them access to traditional finance, such as liquidity, storage, transmission and trading.
According to a release by the project team, the app enables the users to send, receive, borrow and trade supported cryptocurrencies. These activities are integrated in a seamless manner, making it convenient for the user to accomplish what they intend to do.
Features of The Tezos Crypto Life
Tezos Crypto Life basically makes it possible for users to use crypto for their everyday needs. Some of the services include Tezos Cryptodraft , Tezos CL Card and Tezos CL App .
Tezos Cryptodraft ™
This product enables the user to unlock liquidity using their Tezos wallet and the assets in it. With this lending service, the assets of the user guarantees a fixed term lending service. The Cryptodraft as a liquidity service is an interest-free service that utilizes stable coins for payouts. The merit of this service is that the borrower doesn’t need to sell their cryptocurrency assets which is used as a collateral for the liquidity that they accessed through the facility. Users can deposit their funds with the app to access the feature.
Cryptodraft has a very low interest rate actually starting from 0%. The user can borrow up to 50% of their Tezos holdings. The service is quick, enabling the user to receive their payout on the same day that they applied for the draft. This comes handy for people who need quick funds to pressing needs. Application and processing of this DeFi feature is seamless, eliminating the need for paperwork and processing fee, unlike what is obtainable in the traditional finance space.
Tezos CL Card ™
Users of the app can access the Tezos CL card which makes it easy for the holder to spend their crypto assets easily. With the increasing demand for cryptocurrencies, more merchant solutions have been developed and the Tezos CL card is one of the ways that the user can easily spend their crypto funds. At the moment, joining the waiting list for the CL card guarantees that the participant becomes a proud owner of one of the 10,000 cards that will be released.
The Tezos CL card is supported by 50 million merchants across the globe. It can also be used to make withdrawals from ATMs in different locations across the world. Integrated with Tezos wallet enables the user to initiate a spending order for the card via the wallet. It is possible to spend directly from the CryptoLife wallet without the inconvenience of prefunding the card. Users can link up to five wallets to their card which is backed by Mastercard, the international card processing company.
Tezos CL App ™
The Tezos Crypto Life app brings the power of Tezos blockchain to the everyday user. The app is available for download on Google Play and App Store. According to a release by the Tezos Crypto Life team, the app is security focused, ensuring that the funds of users are safe. It is also built to last and can be upgraded to give the user up-to-date features and safety.
The app brings the benefits of decentralized finance (DeFi) to its users, taking advantage of Tezos blockchain. Tezos, an open source blockchain platform supports smart contracts, enabling users to reap the benefits of traditional finance within the blockchain ecosystem. The app enables real world use of the Tezos token in the DeFi space.
More Features On Tezos Crypto Life
The app enables the user to trade more than 40 cryptocurrencies. The user can link their wallets for seamless operations. The available integration facilitates the withdrawal of funds to the user’s bank account in supported countries. Cryptodraft settlements can be done earlier than the agreed term at no extra fee to the user.
The Crypto Life app is a great tool that the user can utilize to benefit from the immense potential of the Tezos network in particular and blockchain technology in a general sense. It is supported by a customer’s service desk that is open to users 24/7/365, where the user can speak to real people.