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The traditional banking industry is now forced to adapt or be left behind. Not only DeFi rapidly gaining ground against the traditional financial sector, but we are also witnessing the first full crypto banks becoming a reality thanks to approval from the federal US government

The traditional banking industry is now forced to adapt or be left behind. Not only DeFi rapidly gaining ground against the traditional financial sector, but we are also witnessing the first full crypto banks becoming a reality thanks to approval from the federal US government



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  1. As a 20 year banker, I have been saying this for the last 18 months. People I work with think I’m crazy! Then I tell them that’s what people said about the Internet and companies like Amazon, Netflix, Etc.

  2. Which Platforms do you guys use to trade crypto? I’m currently on Binance but I’m not very happy with it also I feel like it has a bad reputation. I’m based in Germany.

  3. Might be because I don’t know much, but isn’t it a warning sign that all the traditional FIAT participants now trying to get as much into crpyto as possible? Won’t this just create whale controlled markets and centralisation on the long term? I see the good side of it in much more valuable assets, but in the end won’t be end up with the same thing what we have now? Maybe with additional trasparency?

  4. What I’m looking forward to is completely new use cases with “savings” accounts. When your APY is .05%, you can’t really do much with your interest besides save it. But with DeFi, you can get fixed 20% APY on USD stable coins with protocols like Anchor, let alone even higher APYs on other crypto assets.

    So now imagine what you could do with that? Perhaps lock your savings to take an advance loan that is automatically repaid through interest? Maybe have 10% automatically go into another investment opportunity? Donate it to a fundraising efforts? And this could all be done without feeling like you’re spending your capital.

  5. This is something that happens constantly.

    The world evolves, and those who refuse to evolve to adapt to the new rules of the game end up being left behind.

    It’s the same thing here.

    It is no coincidence that more and more institutional investors, large companies, and banks are coming to buy Bitcoin.

    Everyone understands that Bitcoin really does have the potential to replace gold as the most popular store of value.

  6. tldr; Clever DeFi is a community-owned project and the world’s first fully autonomous compound interest protocol. Clever acts as an autonomous savings bank, where users automatically receive interest based on the amount of CLVA tokens on their wallet balance. Using Clever, investors can guarantee true ownership of their wealth.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  7. Mases aparently have no issue using centralized apps or banks to make a buck instead of delegating Themselves to the respective blockchain stake pools for interest … so then you have BNB at 500 dollars that will hit 0 the moment Binance crumbles… a thing you can’t say about any of the top main players … if Buterin decides to go on vacation forever, well, the Ethereum blockchain will still have the same activity, it may mean something for future development of the company(blockchain that it’s powering) its not running 100 as a decentralised governance, but yeah , same for Cardano and other top gen3 techs. Heck, even Ripple would obviously still have activity on the Ripple Net if Brad&Chris decide to take the buck and disappear … even Ripple is way more DeFi than Binance can ever become … and i’m saying that as a Binance user.

  8. I just look forward to faster transferring. It sucks waiting 2 tons days when I transfer cash from 1 US account to the other US account I use for ATM withdrawal in Brasil.

  9. Good, now maybe these banks will stop stealing from the poor with overdraft fees. People are sick of it. If the money isn’t there, don’t let the charge go through. I am so happy a lot of businesses started taking crypto as payment. Some even take XLM now and that costs less than a penny to send. The future is looking bright! Everything is cheaper when you buy with crypto too because the banks don’t get their cut.

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Backend Software Engineer – Bitcoins Channel

The FUD is strong with this one.