FT News Briefing The potential disruption of decentralised finance
Jun 7, 2021
Global chip shortages could persist until mid-2022, impacting multiple industries. In a significant move, the G7 nations have agreed on a historic minimum corporate tax for multinationals. Meanwhile, China's efforts to stabilize its currency raise eyebrows. The spotlight then shifts to cryptocurrency startups, particularly Uniswap, which are set to revolutionize finance through decentralized platforms. The challenges these businesses face against traditional finance and regulatory hurdles are also examined, revealing a tumultuous yet thrilling landscape ahead.
AI Snips
Chapters
Transcript
Episode notes
DeFi Disruption
- DeFi startups aim to disrupt traditional financial institutions like lenders and exchanges.
- They're part of a growing movement known as decentralized finance.
Uniswap Example
- Uniswap is a decentralized exchange based on automated software programs.
- Users can trade cryptocurrencies directly without intermediaries or traditional checks.
DeFi's Vision
- DeFi aims to create technology for trading and lending that bypasses traditional institutions.
- It's a bet on crypto adoption, similar to the early internet's developer-driven approach.