Powershift The Chinese DCEP project is Taiwan Phone Number currently not only the most advanced of all so-called ‘Central Bank Digital Currencies’ but is also driving another power shift in the global geopolitical field from the United States to China. Backlight previously paid attention to this in ‘ The Chinese Dollar ‘ and predicted that the Taiwan Phone Number Chinese Renminbi will replace the US Dollar as a world reserve currency. A game-changer that will cause a major financial earthquake worldwide. Of course, it remains special that a technology design to make digital money possible. Without government intervention is Taiwan Phone Number now being us. By governments to gain control.
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Decentralized financing It is Taiwan Phone Number not only governments that provide innovation in the financial field. A rapidly emerging trend in blockchain land is ‘ Decentraliz Finance ‘. This is the ecosystem of financial applications. Built on blockchain technology. This simply means that you can take out all kinds of financial Taiwan Phone Number products and offer them yourself, without an intermediary. Think of loans, mortgages, and insurance. Where digital currencies such as Bitcoin were in principle known. Through Taiwan Phone Number ‘peer-to-peer’ payments, DeFi ensures that these financial products are made ‘peer-to-peer’. Don’t pay negative bank interest.
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Get savings to interest through Taiwan Phone Number companies like Voluto, lend money directly to another consumer via Compound, take out ‘fair’ insurance through Etherisc or take out a cheap mortgage through Liquid. These are just a few examples of cool, working DeFi solutions. With new ones being ad every day. Meanwhile, a modest $2 billion is involve and half a million people. Use the various platforms. And this is currently Taiwan Phone Number increasing exponentially. Both the dwindling confidence in money, due to governments printing trillions of Dollars and Euros out of thin air, and the tremendous possibilities in the field of remittance payments for developing countries, may further stimulate this exponential growth in the coming period.