Wednesday, May 18

Decentralized Finance And Traditional Finance Tried To Destroy Each Other, But Failed By Cointelegraph


©Reuters. Decentralized and traditional finance tried to destroy each other, but failed

The year 2022 is here, and banks and the traditional banking system are still alive despite decades of threatening predictions made by cryptocurrency enthusiasts. The only ending that came was the new 2.0 roadmap that Vitalik Buterin published late last year.

  • BIS CEO (LS:): Central banks build trust, not big tech or ‘anonymous ledgers’

Although with this roadmap the cryptocurrency industry would change for the better, 2021 showed us that cryptocurrencies did not destroy or harm central banks, just like traditional banking did not kill cryptocurrencies. Why?

To be fair, the fight between the two was equally brutal on both sides. Many cryptocurrency enthusiasts were shouting about the coming apocalypse in the world’s financial systems and describing a bright cryptocurrency-related future ahead in which all items could be bought with (). On the other hand, bankers were quick to defend the traditional role of the banking system, accusing blockchain technology of poor performance and lack of compliance.

Read the full article on Cointelegraph

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