FIDOMETA is a decentralized financial institution that removes the middleman from the position of central authority. Decentralized finance helps financial institutions use distributed ledger technology to improve cash flow, market share, and credibility by offering financial instruments and services without relying on other banks, brokerages, and exchanges as intermediaries.
Every physical institution has certain limitations like opening and closing timing, governmental interference, internal interference, etc. Environmental disasters affect some institutions like banks, stores, offices, etc. the most due to their being offline and physical structure. Every institution had to take the help of technology and go online due to the recent global pandemic. But sometimes, visiting such physical institutions becomes necessary to perform certain activities like visiting banks for some crucial work. This process is not only time taking and tiresome, but also may become hazardous. There is a high possibility of getting infected by invisible viruses like Covid-19.
To avoid this dangerous situation, FIDOMETA has been developing a metaverse where users can perform various activities like meeting with banking personnel to perform their important work without wasting their precious time and being safe at the same time.