A world with people still waiting at bank branches and taking days for international money transfers would not be complete without something new emerging. Falcon Finance, and its FF Coin, are working on something that will act as a connecting link for the old financial system we have all grown up with and then some. It doesn’t seek to bring down something as established as banks but instead aims to make it easier for people and businesses to have money sent.
Think about the last international money transfer you made. You have probably sent it with considerably high fees, seen your exchange rate chewed up on various legs of your journey, and waited three to five business days before your recipient received a penny. That’s the traditional finance experience that most people in the world have. Now, picture yourself making the same international money transfer in less than a minute and for an amount significantly lower than a percentage point. That’s the first promise FF Coin keeps as it links conventional banking infrastructure with blockchain.
Falcon Finance’s group didn’t set out with ambitions to replace an entire global economy. Their question began much more simply: “How do we allow a person with a regular bank account to enter DeFi without requiring a degree in computer science?" The solution resides within tools we all use on a regular basis. You can link your regular debit card or bank account, convert dollars or euros into FF Coin in seconds, and put that money to work at once within lending pools, savings contracts, and remittances. And then you’re done, and your money goes back into the account you began with.
It matters more than it seems. Small business enterprises have yet to adopt crypto because it’s a pain to transfer money in and out. Freelancers from developing nations lose massive chunks of cash due to transaction costs and unfavorable market rates. Common savers who look for better interest rates than 0.01 percent haven’t bothered with it. FF Coin breaks these constraints. It functions as a universal connector so that conventional money can be sent into a decentralized app and then profits sent back.
And then there’s security. And Falcon Finance cares about it. Bridges have to have strong pillars. Falcon Finance adopts audited contracts, multiSig controls, and an insurance fund that will pay out if something goes wrong. Those who have lived through the bad old days of bridge hacks will welcome Falcon Finance’s commitment to regularly posting third-party audits and maintaining an extensive insurance fund, maintained via a small percentage of transaction costs. It’s not satisfactory, but then there isn’t anything that is within this sector.
The thing that truly makes FF Coin stand out, though, is its emphasis on usage as opposed to mere speculation. There are an ever-expanding number of online merchants who will accept FF Coin directly. A number of remittance services have incorporated it into their systems as a money savings option for customers. A couple of payroll services in Europe have even begun exploring it as an option for remote contractors as a quick alternative to waiting for the end-of-month bank dash. It all serves to build the bridge a little bit at a time.
The actual token itself follows a very simple model. A piece of every transaction goes toward rewarding liquidity providers and long-term holders, and then another piece goes toward increasing the insurance fund and integrations. There isn't any sort of farming mechanism that will collapse when the music stops. It just represents boring old growth.
On the flip side, of course, none of these things removes risk. The crypto markets are highly volatile, and there is still no clear government regulation on several fronts beyond our borders. And let’s not underestimate the ingenuity of Mother Nature and her penchant for revenge against our technologies. But for anyone who crosses this bridge, they absolutely have to be aware and carry no more than they can afford to lose. That being said, FF Coin presents something of a unique dichotomy. It presents an opportunity to get your hands on some serious benefits associated with blockchain and still ride within the safety constraints of the legacy system.
Falcon Finance plans on integrating with several large payment processors within the next year and will be supporting stablecoins denominated in multiple currencies. Falcon Finance’s plan seems doable and doesn’t have any gimmicks, and it’s refreshing to be shown a plan that isn’t based on hype.
At its essence, Falcon Finance FF Coin isn’t competing for popularity or reaching for a spot on Binance’s charts. It aims to be that invisible infrastructure that millions trust and use without even thinking about it. Just like we use highways without complimenting the road itself. When traditional finance and DeFi merge from being two separate realms into what can be considered as two separate rooms within one house, then developments such as these will be well on their way to receiving credit.
As things stand today, the bridge is still open, and it’s taking more and more traffic every week. Whether you’re a business owner sick and tired of transfer fees, an investor looking for better rates, or just someone wanting to see what’s next, it’s an experiment worth walking across and finding out what’s on the other side. The future of money will probably not get here with bells and whistles, but it will get here, step by step, with FF Coin helping pave that road.
