The ultimate goal of the fund is to bridge CeFi and DeFi in the Binance ecosystem. The exchange aims to show how to ensure integration between DeFi and CeFi to offer the best of both worlds.
The increasing popularity of the DeFi sector is causing its tokens to outperform the entire Ethereum ecosystem.
Credit Suisse is to launch a digital banking app to rival the likes of Revolut and N26. The CSX app will feature free online banking tools, including an online debit card and other capabilities such as mortgage applications, investments and pensions.
Several major banks are part of the Fnality International project. Fnality is working to create digital versions of five major fiat currencies, including the dollar and yen. The project has been delayed until at least 2021 as it seeks regulatory approvals.
Mastercard’s CBDC testing platform helps global central banks to simulate different use-cases and test roll-out strategies between commercial banks and other payment services providers.
Cred, a digital asset lending platform, has decided to join Visa’s Fast Track program to expand its network and offer better borrowing and lending services.
Named GoodDollar, eToro’s project creates an ongoing money flow of basic income for users and aligns incentives between those in need as well as enables any human alive to receive and support a small daily income in G$ coin.
DeFi space users have always been affected by a fear of having a “rug pull”. However, insurance may become a cure in this situation.
After successfully testing its digital banking application in Japan with 10,000 customers, Revolut has finally launched its services in the country. However, features like crypto purchase and stock trading will be added later.
SUSHI token is a rising star that represents up to 77% of daily trading volume on Uniswap as of September 1st.
Today, Ziglu has announced that its customers can send cryptocurrency to other people, as well as buy and sell crypto from its app.
SpaceSwap is a DeFi aggregator with attractive features. It offers more opportunities for liquidity providers.
Based on the designed model, Ocean DeFi comprises 3 marketplaces and a stablecoin which will serve as the governance token for the ecosystem.
With the prior involvement of Australia with blockchain and cryptocurrencies, recommendations and probable impact of the formulated fintech and regtech industries will only complement the growth of the crypto sphere.
The Central Bank Digital Currency (CBDC) is the digital form of fiat. According to the president of Brazil’s Central Bank, Central Bank Digital Currency (CBDC) may be integrated into the financial system by 2022.