Earnity, a crypto platform from Dan Schatt and Domenic Carosa, demonstrates that DeFi and cryptocurrency are causing havoc in the long-established financial systems. If you are an investor, entrepreneur, policymaker, or simply interested in finance, you may be wondering what this means for finance’s future.
What are the following developments to keep an eye on?
Payments in-browser would be an exciting next step. Companies are also stepping in to bridge the gap when someone wants to send money in cryptocurrency, but the receiver prefers fiat currency, such as sterling or dollars.
The user experience in cryptocurrency will continue to improve, with companies ranging from wallets to exchanges to social media platforms and browsers working to make accepting and sending crypto easier than fiat currency. Whereas crypto has previously been challenging to access – as well as risky – with regulation kicking in, you can expect both crypto and NFTs to become a regular part of day-to-day life in the not-too-distant future.
What steps can help increase customer trust and adoption?
Regulatory clarity can significantly aid in the mass adoption of assets such as stable coins by instilling confidence in the companies’ stability, legality, and trustworthiness.
Strong investor appetite: VC appetite will also help, as you will need to have proven that you can build a successful network to get them on board.
DeFi in the Future
Cryptocurrency promises that it will make money and payments available to everyone, no matter where they are in the world. The Decentralized Finance movement expands on that promise.
Investors have seen the growth and maturity of DeFi protocols over the last few years. It is a global movement gaining traction in every corner of the globe. Earnity was created by Dan Schatt and Domenic Carosa to help people keep up with the changing currency world.