The TradFi to Crypto Bridge: A Two-Way Street - TOKEN2049 Singapore 2022
Explore the intricate dynamics of traditional finance and cryptocurrency in "The TradFi to Crypto Bridge: A Two-Way Street," recorded live at TOKEN2049 Singapore 2022. Presented by Kerry of OpenPayd, a pioneering Banking-as-a-Service provider, this engaging talk navigates the symbiotic relationship between traditional finance and emerging crypto ecosystems. Since its inception in 2009, cryptocurrency has revolutionized financial transactions, evolving from peer-to-peer exchanges to a burgeoning marketplace.
This insightful session delves into the complex challenges hindering broader cryptocurrency adoption, with a focus on bridging the disconnect between fiat currency and crypto markets. Kerry emphasizes how seamless integration between these worlds is essential to fostering global crypto adoption. The talk outlines essential infrastructure developments, highlighting the role of innovative payment solutions, such as open banking and virtual IBANs, in minimizing friction and ensuring efficient fund transfers.
Kerry further explores how stablecoins, like those developed by Tether and Circle, are gaining traction as an efficient, cost-effective alternative for traditional financial transactions. These digital assets offer lower fees, higher traceability, and instant settlement, rapidly gaining favor among institutional investors and retail customers alike. In this evolving financial landscape, the need for a robust, interoperable bridge between traditional and crypto finance is more pressing than ever.
Join industry leaders and forward-thinking innovators in redefining finance's future. Engage with the discussion, share your insights, and connect with others on this transformative journey. Don't forget to like, comment, and subscribe to stay updated on the latest advancements in the financial ecosystem.
