By now, It's not breaking news that Blockchain technology is here for the long run. Ethereum, one of the most popular and in-demand blockchains generated a whopping $10 billion in just 7 years.

A feat that displays a level of mass adoption that surpasses super organizations like Microsoft (which took 19 years to achieve), and Adobe (20 years to achieve) --data sourced from Token Terminal, an analytics platform.

Over the years, different companies have come up with new and innovative ways to utilize this decentralized blockchain technology to fix real-world problems, with SaveFi recently becoming one of those organizations.

"We must unbank ourselves," Founder and CEO of SaveFi, Mr. Ugochuckwu Ebenezer, emphasized in a recent interview.

His company, SaveFi, is currently at the forefront of granting financial freedom to users of his application, and development is currently underway and near completion, by integrating blockchain technology into the world of finance.

But, What is SaveFi?

SaveFi is a Decentralized Exchange and wallet provider that gives it's users 100% control over all their digital assets.

This is made posdible by giving them control over their private keys, making it a self-custodial wallet for crypto enthusiasts.

Founded in 2022 as a company focused on cryptocurrency and decentralized finance, it offers a smart wallet that allows its users perform a variety of crypto-related features like investing in cryptocurrency tokens, taking out stablecoin loans, and swapping between different tokens on a marketplace that fully supports peer to peer trading (P2P).

It is also fully powered by smart contracts that are hosted on the Ethereum blockchain, and these smart contracts govern the user interaction with the application itself, eliminating the need for a central authority or middleman, and upholding the concept of decentralization.

After signing up, users are given their own smart contract wallet as well as their private keys to begin their journey to financial freedom.

The in-built P2P market for users to convert their cryptocurrencies into fiat currencies and vice-versa, fosters in-app convenience and helps to limit the use of a different application to trade crypto, thereby keeping users on the application with no need to exit until they are done.

The onboarding process is simple; users sign into SaveFi using their social media account, and then they connect their traditional bank account to the wallet for access to loans, DCA and other services made available from within the app.

Some of the primary features of the SaveFi app include;

• The ability to acquire loans in the form of stablecoins.

• The ability to swap over 50 vetted tokens that earn you rewards.

• Dollar Cost Averaging or DCA, to facilitate in-app investments.

• SaveFi Mart, for booking flights, recharging devices, and making hotel reservations.

All from within the app, with many more features to come as promised by it's CEO.

How African Youths Will Save with SaveFi

Now although SaveFi is very much accessible to everyone and anyone from different backgrounds to benefit from, Mr. Ugochukwu Ebenezer, has often addressed his core target audience to be the youths of the African society, who are faced with daily challenges, such as depreciating local currencies, and an inability to access the financial markets in their local environments.

"SaveFi is designed to give everyone a chance at financial freedom, but most importantly, the youths of Africa," Founder, Ugochuckwu Ebenezer expressed.

In sub-Saharan Africa, countries like Ghana and Sierra Leone recorded having their local currencies depreciate up to 45% in 2022.

An analysis made by the International Monetary Fund or IMF had confirmed that depreciation is a huge crisis faced by developing African countries with their native currencies, as they struggle to keep up with powerhouses such as the Dollar, Pound Sterling and Euro.

Nigeria has also seen a depreciation in the Naira since the Central Bank floated it and introduced the single exchange rate, reducing the value of Naira to Dollar, and worsening the financial status of the country and its citizens temporarily due to inflation.

"The current state of the country is not palatable. Workers are unable to save, because the income is not corresponding with the astronomic high prices of items. So, it makes it so difficult to cope in the country now." Nigerians groan in an article published in the Guardian newspaper.

Unfortunately, this is the case for most Africans in developing African countries. A problem that founder, Ugochuckwu Ebenezer, plans to tackle with the adoption of SaveFi, as Africans will now be able to save their money in alternate sources, such as; stablecoins that are pegged to the dollar (tackling depreciation) as well as the purchase and hodling of other cryptocurrencies such as Bitcoin and Ethereum, which has been known to appreciate to insane highs when in demand.

Additionally, thanks to SaveFi's features, the youth of Africa will have access to loans that would not have been granted to them in their countries or anywhere else due to financial restrictions. Loans that could be used to start up businesses and pay off demanding bills as well as tertiary educational fees.

By utilizing DCA, they can also get profitable returns on investments made over an agreed period of time.

"This is incredible, SaveFi is designed to boost the rate at which Africans are onboarded to the decentralized world as well as how they interact with it," Victor Princewill, a member of Web3Lagos DAO, and a blockchain enthusiast, remarked as he signed up for the waitlisthere.

"Unbank Yourself!"

After listening to the common problems in the world that are also being faced by African youths today, SaveFi is currently shaping the future, creating ground-breaking solutions, and building a community of visionaries and pioneers to tackle these problems.

If you want to be a part of this innovation, sign up and join countless others on the waitlist today to:

• Stay Ahead of the Curve: Be among one of the first to know, one of the first to experience and one of the first to benefit.

• Unbank Yourself: As the Founder and CEO has expressed, with SaveFi you get to unbank yourself from centralized control of your assets.

• Shape the Future: As a pioneer, you get to contribute to the development and expansion of SaveFi.

• Get Exclusive Benefits: For signing up early you get a $2 free bonus when the app launches.

So without further hesitation, visit the site and sign up for the change, innovation and progress that is to come by clicking on this link. Join the waitlist and change your world.

Written by Jamaltheatlantean (Gabriel Isobara) for SaveFi.