Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Innokin Wins "Golden Leaf Award for Innovation" at GTNF 2023 for World’s First Metal-free Conductive Ceramic Coil

    September 21, 2023

    Marrying Innovation and Sustainability: Eviosys Launches Revolutionary Metal Closure ‘Horizon’ Enabling Brands to Adopt Mono-Material Packaging

    September 21, 2023

    HUAWEI eKit Joins Hands with Distribution Partners to Explore Unlimited Opportunities in the SME Market

    September 21, 2023
    Facebook Twitter Instagram
    Amman PressAmman Press
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • More
      • Sports
      • Technology
      • Travel
    Amman PressAmman Press
    You are at:Home » Blockchain technology is the future of digital finance
    Business

    Blockchain technology is the future of digital finance

    March 4, 2021
    Facebook Twitter Pinterest LinkedIn Tumblr 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.

    Related Posts

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    By Elsabeth SchneiderSeptember 11, 2023

    African Union Inducted into G20 on India’s Initiative

    By Elsabeth SchneiderSeptember 9, 2023

    Biden and Modi cement ties as India ascends global stage

    By Elsabeth SchneiderSeptember 9, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    By Elsabeth SchneiderSeptember 8, 2023
    Latest News

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    At the Bharat Mandapam in New Delhi, the curtains have come down on the 18th…

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    UN calls for greater female representation in police forces worldwide

    September 8, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023

    AI drives MENA Newswire’s entry into Saudi digital media

    September 8, 2023
    © 2023 Amman Press | All Rights Reserved
    • Home
    • Contact Us

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