DeFi SuperPowers for Fintechs!

  1. Savings accounts: if we look at the US, let’s use two examples. One of them is https://squareup.com/us/en/banking/savings which is offering their millions of users an APY of 0.5%, or let’s take it to a typical Bank for Startups https://mercury.com/treasury offering Start ups a mere 0.1% APY. If we consider an inflation of 5–6% this 2021, we then see negative real rates. In DeFi this rates can be improved by various orders of magnitude and user experience become frictionless. This will make the end user to benefit in the end.

AAVE ARC, Compound Treasury are some of the players starting to work with the legacy systems.We identify many ways in which this can be tackled in the future, and we are here to help, because as nasdaq.com mentions “ The Fintech teams who are treating today’s interest in digital assets as a passing fad are missing the bigger picture: this is the Internet coming for their business. They should be working to adapt to this new technology just as their surviving predecessors did 20 years ago with the rise of web 2.0. “ (https://www.nasdaq.com/articles/defi-is-ready-to-disrupt-fintech-2021-06-22, 2021).

--

--

--

DeFi SuperPowers for Fintechs

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

DeFi Transaction Encoding — Developer Research & Questionnaire

KRIOS: Decentralised Campaign and Affiliate Network Management Platform (ICO)

Luxury Brands Surfing the Web3 Pipeline

Luxury Brands Surfing the Web3 Pipeline

Blockchain Industry News: DecentraNet Announces Advisory Partnership with ThreeFold

Plentix — a referral platform that will benefit consumers, developers and organizations alike.

EVENT LAUNCHING UDPATE

How To Get Started Collecting on WAX

READ/DOWNLOAD=! Blockchain Basics: A Non-Technical

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
2PI Network

2PI Network

DeFi SuperPowers for Fintechs

More from Medium

Bright Union is excited to unveil the BRIGHT loyalty program.

What is Galileo Exchange? (Introduction to Galileo Exchange.)

What if we can create a dAPP for BUGC?

What Is Yearn Finance Coin Full Review — Adaas Capital