It’s been an explosive season in the financial industry. Just when some government and experts thought the industry couldn’t shift exponentially, the financial landscape keeps shifting. We are having local fintech leaders ramping up their ambition for global dominance. Yet, most innovations are around payments. Of course, payment is the first step for what’s to […]
Tag: Cryptocurrency
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.