The Cryptocurrency Dilemma Is Here

The Crytocurrency Dilemma

World Governments Vs. The Decentralization Movement Digital currency, electronic currency, cyber currency, virtual commodity, virtual asset, cyber-token; these are some of the interestingly varied names that certain governments use to refer to what most know as cryptocurrency. This variation across jurisdictions can be said to be indicative of a great dilemma that many governments have with the notion of cryptocurrencies. Let’s discuss further The Cryptocurrency Dilemma that is coming to a head. The fast-growing crypto industry is now going through a critical phase in its development; a time which can…

Is DeFi for Real?

Is Defi For Real?

What Is DeFi And What Is It Used For? Decentralized Finance or DeFi has several use cases today, but the technological and regulatory frameworks needed to¬†mainstream it are yet to evolve. DeFi is a novel way of approaching financial transactions that removes the need for custodial and third party agencies between any two users in a transaction. Traditional banks and financiers are no longer needed for financial dealings in DeFi, allowing it to offer more choices for secure transfers to a wider customer base. Users can choose from several dApps…

Digital Banking Becomes A Reality

Digital Banking Becomes A Reality

Kraken Financial is the first crypto currency exchange to get approval to provide digital banking services as Digital Banking Becomes A Reality. Tentatively called Kraken Financial, the new bank will be able to make conversions between digital and fiat currencies for customers without the intervention of a third party. Kraken exchange, which allows users to buy, sell, and trade digital currencies, has so far depended on external portals for conversions between fiat and crypto currencies. With the new charter, the exchange will now be able to help customers bring the…