Cryptocurrency is digital money stored on a blockchain.
Instead of being managed by Central Banks, it's managed by multiple people, making it a peer-to-peer money and thereby, decentralized...⬇️
1. But why do we need Crypto?
👉 To get things done, globally.
We can use Crypto to:
• Send money to anyone in the world with minimal fees
• Buy a growing list of goods and services
• Build and use decentralized apps
That's why Crypto adoption has been rising...⬇️
2. Crypto adoption growth
...in 2021, Bitcoin (BTC) and Ethereum (ETH) surged 60% and 378% respectively and...
...from Oct. 1 2020 to Sept. 30 2021, VISA alone processed $3.5 billion in digital currency transactions, launching recently a Crypto consulting arm...⬇️
3. Crypto as an investment
Crypto is also a great investment, with BTC competing with gold as "store-of-value" and...
...traditional banks start to see Crytpo as a Digital Asset to offer multiple financial solutions.
Eg.: Goldman Sachs is considering bitcoin-backed loans...⬇️
4. Cryto powering DeFi
Given that Crypto is digital money, multiple Financial Services have emerged the past couple of years making...
...Decentralized Finance (DeFi) a real alternative to Traditional Finance (TradFi), providing financial services to many across the world...⬇️
5. DeFi Total Addressable Market
The funny part is that DeFi is only scratching the surface.
It is currently only 0.1% of its maximum potential and explosive growth seems inevitable.
If current trends continue, there could be 200 million blockchain wallet users by 2030....⬇️
DeFi still offer a relatively short list compared to TradFi.
At the same time, big players like JP Morgan Chase, CitiBank, VISA, Bank of America, Goldman Sachs, start to explore and offer new solutions based on Cryto...
What is blockchain? 0. What is Cryptocurrency? 1. But why do we need Crypto? 2. Crypto adoption growth 3. Crypto as an investment 4. Cryto powering DeFi 5. DeFi Total Addressable Market (TAM) 6. Crypto use cases 7. Future Trends
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