Convert ofx to psd

What is the difference between .ofx and .psd?

Description: The OFX file format, associated with Olicom Fax, is a specialized file type designed for storing and transmitting fax documents. It is utilized by fax software to manage and archive fax communications efficiently. The format allows for the encoding of faxed images and text, ensuring compatibility and ease of access across different fax systems and software. Primarily, it serves as a means to streamline fax operations in business or personal settings, facilitating the digital handling of faxed documents.; A PSD file is an image file created by Adobe Photoshop, a professional image-editing program often used to enhance digital photos and create web graphics. It is the native format used to save files in Photoshop. PSD files may include image layers, adjustment layers, layer masks, annotations, file information, keywords, and other Photoshop-specific elements. They are commonly created and shared among graphics professionals.