April 26, 2021
12:00 PM EST
Overview – One could easily make an argument that decentralized finance, or “DeFi” for short, is the one area of crypto development with the greatest potential for disruption by innovators and entrepreneurs. Currently, most currency and other money flows through central governments and banks. DeFi, using cryptocurrency, hopes to decentralize that, which would create a truly global monetary system uninfluenced by or dependent on any one sovereign government or entity. This is envisioned to eventually replace much of the traditional banking infrastructure as we know it today. However, DeFi proliferation remains hampered by some technical and structural limitations that are keeping it from having a true breakthrough moment. With all the attention and investment going into the space, DeFi is poised to be a major factor in global banking going forward. There's high interest, active technical development, and plenty of room for innovation. The second part of the Fintech Innovation Series will explore entrepreneurship in crypto with an emphasis on how DeFi may enable the next wave of fintech entrepreneurs.