​What products will be available in RWA-Bank?

A bank is a company that deals with money, securities, and precious metals operations. It provides financial services to everyone and offers products for asset storage and additional income.

Banks help accomplish the following tasks:

1. Safekeeping and securing clients' funds.

2. Providing loans and credits.

3. Offering money transfer services.

4. Investing own and attracted funds.

Special products assist banks in these tasks. The most popular ones are deposits, loans, and cards.

How do these products work?

Deposits. Organizations, entrepreneurs, and individuals can deposit money in a bank for safekeeping. A deposit helps ensure the security of funds and earn interest, which can partially or fully cover the depreciation of funds - inflation.

Loans. You can borrow money from the bank with interest and gradually repay it. It's a convenient, urgent, and understandable way to get money for your needs or real estate purchases.

Cards. They allow instant payment for goods, services, taxes, or sending money to relatives. The bank ensures that the payment is processed quickly and securely. If there's a problem, it takes on the risks.

As part of the RWA-Bank project implementation, the DigiU ecosystem is creating products that will also help its users manage their funds more efficiently.

The first to launch on 20.02.2024 will be long-term deposits ranging from 6 to 36 months with yields up to 37% annually. We are also preparing to launch an international crypto card for making any purchases and a crypto wallet in the form of a mobile application with a user-friendly interface.

We will share details about product creation on our social media channels. Stay tuned for updates from the DigiU ecosystem!

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