What's Hot

    Costa Rican zoo defies science with mind-blowing crocodile Virgin Birth

    June 8, 2023

    Crisis deepens in Japan as birth rate reaches all-time low, fueling demographic concerns

    June 7, 2023

    Women’s Golf Day Reaches New Heights and Countries

    June 7, 2023
    Facebook Twitter Instagram
    Trending
    • Costa Rican zoo defies science with mind-blowing crocodile Virgin Birth
    • Crisis deepens in Japan as birth rate reaches all-time low, fueling demographic concerns
    • Women’s Golf Day Reaches New Heights and Countries
    • U.S. Polo Assn. Delivers Record $2.3 Billion in Revenue, Shattering $2 Billion Milestone
    • Tom Cruise and cast to grace Abu Dhabi’s Mission: Impossible premiere
    • The Next 150 Launches General Biochar Systems With Its First Industrial-Scale Plant in Mexico
    • Game-changing Macs: Apple launches Mac Studio and Mac Pro with revolutionary Apple silicon
    • Apple redefines laptop excellence with the thinnest 15-inch MacBook Air
    • Home
    • Contact Us
    South Africa GazetteSouth Africa Gazette
    Friday, June 9
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • Sports
    • Technology
    • Travel
    South Africa GazetteSouth Africa Gazette
    Home » Blockchain technology is the future of digital finance

    Blockchain technology is the future of digital finance

    March 4, 2021
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Prior to 2019, ICO’s were the significant method of implementing cryptocurrencies into the financial marketplace. This trend soon moved towards blockchain based cryptocurrency in 2020. DeFi, or decentralized finance, is the next phase of digital finance and a global trend is already emerging creating a demand for DeFi related companies.

    Blockchain technology is the future of digital finance
    Financial regulators consider investment in an unregulated environment to be risky, but innovations in blockchain technology have created an environment that enables the financial world to embrace change. DeFi was officially recognized by the US Securities and Exchange Commission (SEC), which approved the Ethereum-based fund, Arca in July last year. This movement of financial authorities toward adoption of DeFi is significant, and further points to the potential global adoption of DeFi.

    Currently, there is a surge of investment into DeFi tokens, even though there is no real value yet associated with them. This is a risky investment, but the promise of a free, decentralized financial system through the DeFi market of virtual currency is prompting both institutions and individuals to lead this shift toward this financial marketplace. The DeFi platform incorporates the fast payment and transmission speeds possible on the blockchain, and as new markets develop, they will require expanded financial payment capabilities such as those offered by the DeFi Application.

    The potential of the DeFi marketplace is unlimited, especially in the asset management sector. Grayscale, the world’s largest crypto investment fund, managed $4.4 billion worth of Bitcoin assets in the first half of 2020 alone. Even as the Covid-19 outbreak stifled economies around the world, the DeFi marketplace has expanded and it is apparent that global financial markets are changing their outlooks toward adoption of DeFi.

    Keep Reading

    EU’s €1.1 billion bicycle exports highlight shift to sustainable living

    Strengthening UAE-India relations: Top diplomats discuss economic partnership

    Global stocks surge as US debt ceiling agreement brings relief

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    European Investment Bank supports circular economy with €3.4 billion lending

    Successful UAE-India partnership stands as a model of bilateral cooperation

    Latest News

    Costa Rican zoo defies science with mind-blowing crocodile Virgin Birth

    June 8, 2023

    Crisis deepens in Japan as birth rate reaches all-time low, fueling demographic concerns

    June 7, 2023

    Tom Cruise and cast to grace Abu Dhabi’s Mission: Impossible premiere

    June 6, 2023

    Game-changing Macs: Apple launches Mac Studio and Mac Pro with revolutionary Apple silicon

    June 6, 2023

    Apple redefines laptop excellence with the thinnest 15-inch MacBook Air

    June 6, 2023

    EU’s €1.1 billion bicycle exports highlight shift to sustainable living

    June 3, 2023

    Strengthening UAE-India relations: Top diplomats discuss economic partnership

    June 3, 2023
    © 2022 South Africa Gazette | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.