The Breakdown Are Banks Getting Nervous About Competition From DeFi?
May 6, 2021
17:03
Today on the Brief:
- MercadoLibre has added bitcoin to its balance sheet
- Galaxy Digital buys BitGo
- Debates around the new, improved, real economy
Our main discussion:
While the last year has seen a massive amount of growth in decentralized finance, it has been mostly driven by enfranchised insiders and builders. In this bull market, that is starting to change. In today’s episode, NLW looks at a recent paper by the $1.1 trillion bank ING around where DeFi fits in the context of traditional finance.
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