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: DeFi
NFT: Could This Be The Next Generation Side Hustle?
Even if you hate or don’t understand NFTs, it’s worth paying attention to. Non-fungible tokens (NFTs) are the hottest trend for the past couple of months. We talked a bit about NFT in Tokens: Next Generation Capital.
We are seeing headlines about people making tons of money from selling NFTs. Many of us still don’t really understand what an NFT is. The creator of Bitcoin would have probably never guessed that the world would trade digital assets as NFTs. NFT is the latest trending iteration out of blockchain.
Tokens: Next Generation Capital
85% of central banks are considering digital currencies. The tedious process, overhead costs, and other costs associated with paper currency prohibit financial inclusion and explosive innovation in the financial market and economy at large. Digital currencies unlock broader possibilities for the unbanked and those excluded from the financial market. An area worth looking into is […]
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.