Decentralization 'absolutely essential' in building crypto capital markets
Sang Lee believes blockchain technology developments have already left traditional banks in the dust, but adoption remains relatively low due to several factors. If crypto capital markets have a chance of becoming an institutional reality, decentralization will be one of the key aspects according to one industry insider.Capital markets bring suppliers and those in need of capital together to initiate supposedly efficient transactions. Investments or savings are often funneled between suppliers of funds like banks and those who need capital like businesses, governments and individuals.....
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Decentralization can trigger a transition to a post-scarcity, post-capitalist crypto economy of abundance, while solving species-threatening negative externalities. Decentralization is not a luxury; it is a necessity. In a prescient article in The Atlantic back in 2012, science fiction writer Bruce Sterling referred to the likes of Amazon, Facebook and Google as “The Stacks,” predicting the insidious power grab that has happened in the last decade. As the giant tech companies consume more and more of our lives, the fact that technologies that enable us to push back against them are being....
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The company is building payment rails that could make crypto purchases as ubiquitous as Paypal transactions. Crypto-focused fintech company Ramp has raised $70 million in venture capital, upping its pledge to continue building a unified payment experience for digital assets. The Series B investment round was co-led by venture firms Mubadala Capital and Korelya Capital, Ramp disclosed Wednesday. As reported by Cointelegraph, Ramp raised $53 million in a Series A funding round that closed in December 2021, bringing its total capital raise to roughly $123 million. Ramp’s management said the....
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