Bankless From TradFi to Internet Finance: A New Era of Global Capital | Felipe Montealegre
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Apr 2, 2025 Felipe Montealegre, co-founder of Thea Capital, is an expert in internet finance and the evolution from traditional finance to decentralized systems. He discusses the shift from siloed financial practices to a unified Internet Financial System that enhances capital mobility. The conversation highlights the challenges traditional banking faces, innovations through smart contracts, and how decentralized finance can bolster property rights globally. Felipe emphasizes the need for legal frameworks to adapt to this digital transformation, making financial systems more accessible and efficient.
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Internet Finance System
- "Internet Finance" encapsulates the vision of a unified, open financial system.
- This is enabled by blockchains, contrasting with traditional siloed databases.
Finance on the Internet vs. Internet Finance
- Traditional finance uses the internet merely for communication between siloed systems.
- True internet finance necessitates assets residing on a unified, accessible internet database.
Siloed Server Problems
- Siloed servers lead to high transaction costs, limited entry, and local banking oligopolies.
- These issues hinder innovation and cause inflated interest rates.
