Sun, January 22, 2023 ▪ 6:00 pm ▪
4
min read – from
Researchers from two of the largest cryptocurrency companies have just published an interesting post. In fact, according to Circle and Unisap Research, it would be possible to circumvent the exchange risk that weighs on investors with each transaction. Research indicates that 2 billion trades are at risk every year. Researchers are therefore certain that DeFi, like blockchain technology, are effective solutions for lowering the costs of international wire transfers, whose value is around $30 billion each year.
Circle and Uniswap Research want to solve the problem of trading through DeFi
Cryptocurrencies in general have come to revolutionize money transfer and investment habits. But not everything is perfect yet, since almost $2.2 trillion transactions are risky Risk is much more about the part of the transaction for which settlement is not yet effective. It is entirely possible that the party who has not yet fulfilled their commitment decides not to honor their part of the contract. To stop this kind of maneuvers, Circle and Uniswap Research have just published an article in which they specify that DeFi is the ideal solution, because it will allow simultaneous settlement.
In the group of researchers, we had big names in the industry such as Maria Caterina LaderCEO of Uniswap, e Gordon LiaoHead of the Circle. According to them, DeFi, along with innovations in the cryptocurrency industry, is an important solution to bring financial stability to regulators.
DeFi would be an important target to provide some stability to regulatory bodies. This is the main idea that emerges from Document of 20 pages produced by the two companies and which will be published today at the World Economic Forum. In conclusion, the document reads: On-chain FX can offer faster and more convenient transaction processes as well as higher liquidity and stability”,
In the process, the researchers also point out that DeFi can reduce international transfer costs by up to 80%. That’s pretty important data, especially when you consider that cryptography is so successful thanks to sending money quickly and cheaply.
Conclusion
DeFi is, according to Circle and Uniswap Research, the miracle solution to reduce the cost of international transactions. The two cryptocurrency specialists have just released a document in which they propose blockchain as a way to save money. With the cryptocurrency it would be possible to save 30 billion dollars every year. This paper comes at the right time, as several cryptocurrency companies are struggling to convince due to their questionable reputations. The FTX exchange is undoubtedly the best example. The presentation of the 20-page book will take place this Thursday at the World Economic Forum.
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PhD student in financial law and expert SEO web editor, Cédrick Aimé is passionate about cryptocurrencies, trading, etc. He naturally participates thanks to his articles in the daily blockchain revolution for a better democratization of DeFi.
#Cicrcle #Uniswap #Research #find #quality #DeFi
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