DeFi Is A Frightening Prospect For The Banking Industry, But It Doesn't Have To Be
At its dawn, internet skeptics were overtly critical, highlighting their distaste for the technology. Acclaimed astronomer Clifford Stoll asserted the idea that ‘commerce and business will shift from offices and malls to networks and modems’ was ‘baloney’, and the potential for the internet was nothing more than a hype train traveling too fast for its own good.
The New 'Bretton Woods Moment' and How Bitcoin Will Play a Part
A lot has been said recently about a “New Bretton Woods Moment,” as proclaimed to save the world’s monetary system, by International Monetary Fund Managing Director Kristalina Georgieva. What does it all mean, and what could such a moment hold for the world’s first cryptocurrency, Bitcoin?
What are “Wrapped” Crypto Tokens & Why are They so Important?
In step with the meteoric rise of DeFi platforms, today’s “wrapped” tokens, especially wrapped BTC (“WBTC”), is an intriguing phenomenon. A “wrapped token” is an asset on the Ethereum blockchain matched 1:1 with an underlying asset, which need not share the same blockchain, or as a physical asset like gold, be on a blockchain at all.
How DeFi Will Help the Unbanked Worldwide
Of a global population of over 7.8 billion, it was estimated that 1.7 billion people have limited or no access to financial services, and therefore limited or no access to many corresponding opportunities. Simply receiving and sending money to friends or family becomes an impossibility for the “unbanked.”