• Finvault hopes to close the Gap between TradFi & DeFi
• CoinQuora Exclusive: Finvault CTO and Finvault founder talk about their platform
• Finvault builds a ‘one-click DeFi’ system

Web3, the new era of internet technology, is thriving with innovative innovations and updates. The DeFi and blockchain industries, as well as cryptocurrency, continue to gain popularity.

However, despite the ongoing hype, there are still some people skeptical about hopping on the web3 bandwagon due to its supposed ‘complexities’. That said, several platforms have surfaced to address this issue–one of them is Finvault.

Finvault, a web3 platform for banking that gives individuals and businesses full control over their digital assets and money under one vault, is Finvault. The platform bridges traditional banking with DeFi. It is the foundation for Banking 3.0.

Finvault also is in its testing phase. It was first launched via the Polygon testnet. It’s currently preparing for a ‘good launch’ by June 1.

As the official media partner of the World Blockchain Summit, CoinQuora landed an exclusive interview with Finvault Founder and Chief Technology Officer Christian ‘Chris’ Papathanasiou. The founder explained the concept and core essence of web3 banking.

Chris explained why Finvault has been where it is today. According to him, “we created Finvault to address a very, very simple problem that everybody has, you know, it’s very, very hard to use DeFi platforms currently.” He even described it as ‘incredibly hard and sophisticated.’

Even with that in mind, the FinVault CTO believes in the tremendous advantages brought by web3 and its role as the ‘future of finances of the future web’. Chris then explains the whole premise of Finvault: “how can we make [these benefits] accessible to many?”

Finvault wants to bring the web3 advantages to web2 and make them available to everyone. Based in Dubai, Finvault holds a license for crypto trading in Estonia. They are currently working to obtain licenses in Lithuania, Poland and Poland.

Finvault, with all this, is well-positioned to provide a safe environment for investors to visit and deposit their fiat. They also have access to web3 protocol, which will allow them to get better returns.

Concluding the interview, Chris shared that Finvault is building what is referred to as ‘one-click DeFi’. Users can sign up with their Google (NASDAQ:) accounts, get access, and start connecting their bank accounts, now they’re all set.

Chris was previously part of Finvault’s cybersecurity team and worked for big companies such as Careem, Dark Matter and Citibank before joining Finvault.

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