Soulbound tokens, with their air of myth and legend, have very real applications that could significantly disrupt the finance sector, bringing decentralization to DeFi and creating a whole new way of thinking about society.
As August comes to a close, Metaplex, a Solana NFT platform, announced it surpassed $1 billion in direct NFT sales after one year.
The memes and trivial announcements surrounding metaverses hide their true potential. Financial services could be fundamental.
Facebook announced last week that their digital payments platform, Novi, is nearly ready to launch across multiple states, having passed regulatory checks. Novi will use a stable cryptocurrency called Diem to launch payments across borders for the 2.7 billion users of the social network.
The paper, published by the President's Working Group on Financial Markets, argued that regulation must address defi money laundering and terrorism financing to create broader investor protection.
Investors will be able to gain exposure to bitcoin through the fund, without direct exposure to the volatile currency that traded over $62,000 over the weekend alongside this and other pro-crypto news. On Tuesday morning, the ProShares ETF went live under the ticker BITO at around $40.
Gov. DeSantis has said that Florida won't accept a CBDC, due to privacy and surveillance concerns. Stonewalling could be part of the problem.
Argentina has lagged behind the region in new fintech trends such as Open Finance. 2023 could be the year for regulating crypto instead.
In this video conversation we feature a roundtable by The Defiant exploring how and if the gap between Fintech and DeFi will be bridged.
DeFi Panelists
Lex Sokolin, head economist at ConsenSys
Santiago Roel Santos, angel investor
Spencer Noon, Investor at Variant
Vance Spencer, co founder at Framework Ventures
Fintech Panelists
Keith Grose, head of Plaid international
Nik Milanovi?, founder of This Week in Fintech
Simon Taylor, co-founder of 11:FS
Bruno Werneck, Business & Corporate Development at Plaid
Moderator
Camila Russo, Founder of The Defiant
According to Ripio executives, this partnership will allow users of both fintechs to buy and sell cryptocurrencies directly in their respective apps.