Blurring the line between crypto and TradFi could redefine global finance
The merging of crypto and TradFi is inevitable, with the latter potentially mitigating the volatility permeating the digital asset industry. Despite the current struggle in the global economy, the gap between traditional finance (TradFi) and crypto seems to be closing with each passing day. For example, earlier this month, Vienna-based fintech unicorn Bitpanda announced that it was adding commodities to its list of investment options, thus allowing investors to rake in profits from short-term price fluctuations related to traditional instruments such as oil, natural gas and wheat.In a....
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The exchange now allows crypto investors access to traditional investments such as natural resource commodities like precious metals. The Vienna-based fintech unicorn Bitpanda is harkening back to the ways of traditional finance (TradFi) through new offerings on its exchange platform.By adding commodities to its list of available investment options, Bitpanda aims to provide its users to benefit from short-term price fluctuations in more traditional instruments, such as oil, natural gas and wheat.Bitpanda CEO Eric Demuth told Cointelegraph that due to investor demand, the line between....
PRESS RELEASE. Dr. Richard Satur, CEO of VIC Rewards, and Gyanendra Khadka, CEO of XcelTrip, are partnering to raise stakes initially from ASEAN, Indian and Korean Wellness and Vitality digital space; before they take on the global Medical-Tourism marketplace. XcelTrip with over 2.4 million hotels and 450+ flights worldwide, is already an impressive online travel OTA platform. VIC Rewards, on the other hand, is also building its huge presence in the ASEAN region. Through their VIC Marketplace, the company predicts to onboard 500+ Merchants by 2021 specifically in the Wellness, Well-being,....
The traditional finance world, or TradFi as we know it, lacks inclusivity. According to the data published and endorsed by the World Bank, only 69% of the world’s adult population has an account. Although financial inclusion is the enabler for seven out of the seventeen Sustainable Development Goals, 1.7 billion people are unbanked. Lack of inclusion stems from the entry barriers that the TradFi has itself cultivated in the form of unnecessary documentation needs, involvement of too many intermediaries and approvals in the process, and more. The current financial structures are rigged,....
Even though the crypto market is currently facing a lot of volatility, investments across the blockchain landscape have continued to surge. After forging a minor recovery of sorts earlier this month, the crypto market has returned to exhibiting high levels of volatility over the past two weeks. This trend has pervaded the market since late last year, with the total market capitalization of the digital asset industry having dipped from an all-time high of $3 trillion back in November 2021 to its current levels of $1.08 trillion, representing a drop of over 65%.This then begs the question:....
The commissioner warnes that vulnerabilities seen within the crypto markets are similar to those seen during the global financial crisis and calls for the agency to be given additional authority. Commodity Futures Trading Commission’s (CFTC) Christy Goldsmith Romero has pointed to the collapse of the Terra ecosystem and its flow-on effects as an example of how contagion risks within crypto markets are similar to those experienced by the traditional financial (TradFi) system during the global financial crisis (GFC) of 2008. Romero suggested in a speech given at the International Swaps and....