Apr 27, 2022
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The Correspondent Where Facebook Job Function Email Database has recently been hit back hard with its Libra project by governments worldwide, governments have started designing their own digital currency at lightning speed. China has even successfully completed several tests. Besides an 'answer' to Libra, the disguised basic incomes that Job Function Email Database countries such as Spain and the United States distribute to their population are seen as a motive for governments to introduce digital currencies more quickly. Powershift The Chinese DCEP project is currently not only the most advanced of all so-called 'Central Bank Digital Currencies' but is also driving Job Function Email Database another power shift in the global geopolitical field from the United States to China. Backlight previously paid attention to Job Function Email Database this in ' The Chinese Dollar ' and predicted that the Chinese Renminbi will replace the US Dollar as a world reserve currency. A game-changer that will cause a major financial earthquake worldwide. Of course, it remains special that a technology designed to make digital money possible without government intervention is Job Function Email Database now being used by governments to gain control over this. Decentralized financing It is not only governments that provide innovation in the financial field. A rapidly emerging trend in blockchain land is ' Decentralized Finance '. This is the ecosystem of financial applications built on Job Function Email Database blockchain technology. This simply means that you can take Job Function Email Database out all kinds of financial products and offer them yourself, without an intermediary. Think of loans, mortgages, and insurance. Where digital currencies such as Bitcoin were in principle known through 'peer-to-peer' payments, DeFi ensures that these financial products are Job Function Email Database made 'peer-to-peer'. Don't pay negative bank interest, but just get savings to interest through companies like Voluto, lend money directly to another consumer via Compound, take out 'fair' insurance Job Function Email Database through Etherisc or take out a cheap mortgage through Liquid. These are just a few examples of cool, working DeFi solutions, with new ones being added every day.