TradFi Receives Crypto Support: Renegade Partners with Cointelegraph Accelerator

As the cryptocurrency sector continues to expand, it becomes more closely linked with traditional finance (TradFi), ultimately benefiting end users. TradFi is well-known for being slow, inefficient, and costly. International wire transfers, which often take several days and incur significant fees, exemplify the current challenges within traditional finance.

In contrast, decentralized finance (DeFi) holds the promise of delivering comparable services, such as fund transfers, payments, and storage, in a more timely manner and at reduced costs. Nevertheless, most financial technology (fintech) applications provided by TradFi services excel in user experience and ease of use, leaving the often complicated and obscure DeFi applications with limited uptake.

Mainstream users need a user-friendly experience and straightforward applications to explore decentralized options before fully engaging with cryptocurrency. Likewise, DeFi users require a means to utilize their crypto assets in daily transactions. They are in search of a fintech solution that avoids the complexity, sluggishness, and high costs associated with traditional financial services.

Renegade, a financial services platform prepared for Web3, seeks to connect TradFi features with cryptocurrency and DeFi by offering users a streamlined, user-friendly interface through its mobile applications designed for iOS and Android.

In addition to a conventional TradFi experience that encompasses payment solutions, an IBAN account, and personal finance management, Renegade incorporates Web3 functionalities, such as a non-custodial and custodial wallet, fiat on-ramp via a Visa debit card, and cryptocurrency exchange — effectively merging the DeFi and TradFi realms.

Integration with crypto exchanges and wallets

Prominent players in the cryptocurrency industry, including crypto exchanges and wallet providers, are integrating with the Renegade platform to deliver their solutions in a more TradFi-compatible setting. As additional partners join the Renegade platform, users will gain access to a wider array of direct, in-app conversions and improved liquidity options.

On the fintech front, the company is developing RenegadePay and preparing a Renegade Visa debit card. Both will enable users to spend cryptocurrency in everyday purchases. Additionally, Renegade users will receive a Swedish IBAN number through a partnership with EMI Intergiro, unlocking a variety of traditional banking services and an appealing spending rewards program.

Renegade provides users with a Visa debit card, which can be used for crypto payments. Source: Renegade

Discussing the company’s vision, Renegade CEO Daniel A. Strele-Ramonis stated that the team aims to eliminate the barriers between fiat and cryptocurrency, equipping everyone with the tools to leverage the full range of financial opportunities. “As the future unfolds, we aspire to lead this fusion, ensuring that financial empowerment is accessible, intuitive, and without compromise,” he added.

Renegade joins Cointelegraph Accelerator

Renegade has become a participant in Cointelegraph Accelerator to take advantage of the media exposure and marketing prospects offered by the program. Cointelegraph Accelerator selected Renegade due to the user experience the project is creating for both TradFi and DeFi users.

The platform aims to integrate with major payment services, including Apple Pay and Google Pay, by the end of the year. Once its mobile application is launched, Renegade will be able to address the TradFi requirements of DeFi users while providing access to cryptocurrency and Web3 for the fintech sector, effectively bridging the two domains.