Bitcoin and other cryptocurrencies have become an increasingly established part of the financial landscape. Bitcoin has become a reference point for controversy since it was introduced to the world. Licit and illicit traders quickly adopted cryptocurrency. One of the primary concerns for governments is the use of cryptocurrency as a means to accommodate illegal financial transactions and anonymity. […]
Tag: CeFi
DeFi Dominion: Could this be the future of Investment Capital in Africa?
Centralized finance (CeFi) has dominated the financial market since the digitization of finance. We have had to succumb to expensive financial intermediaries who bury us in paperwork and elusive operations. This impediment has spurred the blockchain/cryptocurrency movement and its growing army of devotees. Decentralized finance (DeFi) is the latest iteration of this movement. DeFi sudden and loud growth from zero to a $100 billion market is putting traditional finance off the rails. It’s too early to say that DeFi will have dominion but it’s worth paying attention to. Central banks that banned cryptocurrencies are now coerced to regulate them.
The New Financial System :: Decentralized Finance (DeFi) Vs Centralized Finance (CeFi)
Global finance witnessed a revolution with the advent of Blockchain and Bitcoin. We blogged about our adventurous experience in building a digital currency that was trying to be Bitcoin and not Bitcoin at the same time. Over the last 10,000 years, money has transformed from cattle and shells to today’s electronic currency. Currently, almost every aspect of banking, trading, and lending is managed by centralized financial systems and regulated by governing bodies. However, the world is moving towards decentralized financial systems. Money needs to move fast.