AmFi FAQ
Frequently Asked Questions - AmFi
General Program
What is AmFi?
AmFi is a decentralized finance (DeFi) platform and crypto debit card program designed to make digital finance safe, simple, fair and convenient for everyone.
Is AmFi a company, a platform, or a community?
AmFi is a decentralized platform built and offered by GC Global Finance Ltd. a fintech solutions provider.
How does AmFi differ from traditional banks?
Unlike banks, AmFi does not rely on middlemen. It uses blockchain technology to give you direct control over your money.
Is AmFi only for people who already know about crypto?
No. AmFi is built to be beginner-friendly, so even if you're new to crypto, you can use it easily.
What problem is AmFi trying to solve?
AmFi wants to remove barriers in access to fair and equitable finance — there are 1.4 Billion people in the world who lack access to financial services, we aim to lower that number significantly. High fees, lack of access, and risks of scams— are a thing of the past with AmFi.
Who can use AmFi—individuals, businesses, or both?
Both. Anyone who wants secure and fair access to financial tools can benefit.
Is AmFi available worldwide?
Yes, it's designed to be global, hence AmFi is launched as a Progressive Web App (PWA) instead of an iOS store app or Google Play Store App avoiding the app store's respective restrictions and allowing users to download and use the platform from anywhere in the world.
Do I need special knowledge to start using AmFi?
No. The platform is designed to be simple, with clear instructions and user-friendly tools.
How does AmFi make finance “Simple and Fair”?
By providing users the opportunity to become Micro Decentralised Banks themselves and earn, we expand outside the traditionally monopolising structure of legacy financial institutions.
Market Acquisition Program
What is the Market Acquisition Program is it an Multi Level Marketing Scheme?
What is the Market Acquisition Program is it an Multi Level Marketing Scheme?
What is a Decentralized Banking as a Service?
AmFi program, is AmFi's vision for the future of banking. That the power of fund control is placed rightfully in the hands of the people, rather that ultimate control being with the institution.
Who can become an AmFi?
Anyone with a strong belief that digital finance is the future of finance and a desire to acquire another stream of income can stake the required minimum community contribution (at least $1,000 worth of MaalCoins) can start distributing cards themselves to their community as an AmFi.
How do AmFi earn?
AmFi earn rewards by growing their community of users who would like to reap the benefits of AmFi. Specifically AmFi rewards are linked to the activity of the AmFi. Recruitments, group staking, card issuances, and community spending activity, all contribute to the earnings of AmFi. Additional rewards are unlocked by achieving certain criteria and milestones. You can learn more about the specific rewards in this Infographic.
How do I become an AmFi?
How do I become an AmFi?
Are there any ways I can earn rewards besides card issuing and group spending activities?
Yes. There are 3 levels of commitment that you can achieve, each unlocks additional milestones and rewards. These levels are defined as: Standard AmFi, Professional AmFi, and Elite AmFi.
What are the requirements to become a Professional AmFi?
To achieve Professional AmFi, a user must firstly be an active AmFi and they should successfully refer a minimum of 3 standard AmFi's within their community.
What are the qualifying requirements to become an Elite AmFi?
To achieve Professional AmFi a user must be either a professional or standard AmFi and successfully recruit 12 more members into their community. 3 of which should attain professional AmFi status will automatically qualify you as an Elite AmFi and unlock the highest milestone and bonus rewards.
Security and Trust
How does AmFi ensure my digital assets are safe?
AmFi operates with a self-custody structure (meaning you are in control of your assets at all times, we do not manage your funds for you) And we leverage advanced security systems which include Multi-factor Authentication, Multi-Party Computation, Cryptographic Encryption, and transparent operations to protect your assets.
Is AmFi Licensed to do its business?
Is AmFi Licensed to do its business?
Can AmFi prevent scams or fraud in DeFi?
No, we cannot guarantee you against fraud in the DeFi Space, as they are prevalent in the space. However we can guarantee that none of our programs,r products or services offered/communicated through our official channels and/or official platforms, are scams. Apart from that we are always monitoring new vulnerabilities in the market, suspicious activity, and contiuously educating users about safe practices.
Does AmFi store my personal data?
No, it minimizes data collection and focuses on privacy.
Is there a risk of and what happens if AmFi gets hacked?
Is there a risk of and what happens if AmFi gets hacked?
Accessibility & Usability
Do I need to own cryptocurrency to use AmFi?
Not necessarily. AmFi can help you start even if you're new to crypto.
Can beginners easily navigate AmFi's platform?
Yes, it's designed with simple interfaces and guides for first-time users.
Can I go to my app store and download the mobile app for AmFi?
Can I go to my app store and download the mobile app for AmFi?
How does AmFi help people in countries with limited banking access?
By offering digital financial tools that doesn’t discriminate against location, culture or colour. We believe that everyone should have access to financial services and not be discriminated against, as an individual. If we do have to be critical, it would be transaction based and not individual based. I.e flagging a transaction as suspicious rather than flagging a person as suspicious.
Can AmFi be used without internet access?
No, since it's blockchain-based, you'll need internet access.
Financial Growth & Opportunity
How can AmFi help me grow my money?
AmFi offers safe and transparent options for earning returns through staking, Micro Decentralise Bank program and other earning opportunities offered through the platform.
Can AmFi help me send money abroad easily?
Yes, because sending digital assets are borderless, you can execute faster and cheaper cross-border transfers. If the receiver requires or can only utilise fiat currencies, then AmFi can provide them Off-Ramping services they need as well.
Can AmFi replace my traditional bank account?
Potentially, depending on your needs—it offers many similar services digitally.
Does AmFi offer savings accounts or interest-bearing options?
Does AmFi offer savings accounts or interest-bearing options?
What makes AmFi different from other DeFi platforms?
AmFi doesn’t not keep all it’s revenue by in the spirit of true decentralisation, shares its revenue with the very community which helped it obtain that revenue.
General Program
Market Acquisition Program
Security and Trust
Accessibility & Usability
Financial Growth & Opportunity