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This CEO Says The Future of Finance is Decentralized With Bitcoin as the Greates...

 3 years ago
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This CEO Says The Future of Finance is Decentralized With Bitcoin as the Greatest Opportunity of All

Insider Monkey Interviews
March 25, 2021·6 min read

The DeFi and CeFi ecosystems can be truly symbiotic. Where one fails the other shines. DeFi brings security, scalability and often increased yields for investors they can’t get inside the traditional financial ecosystem. Centralized finance brings liquidity. Many CeFi investors are opening their eyes to the advantages of the blockchain and smart contracts and how they can enhance their own portfolio performance using this technology. As the CEO of RSK, a secure smart contract platform, Diego Gutiérrez Zaldívar views the future of finance as a decentralized one, with Bitcoin as the greatest DeFi opportunity of all.

Diego defines himself as a Bitcoin evangelist. As one of the founders of the Argentinean Bitcoin Community, he organized the first bitcoin conference in Latin America. He was also one of the early practitioners of web development in Argentina and Latin America back in 1995 and since 2012, has been fostering and promoting Bitcoin technology across Latin America.

Diego Gutiérrez Zaldívar

CeFi Vs DeFi

The great debate is whether decentralized or centralized exchanges are better. Centralized Exchanges act as gateways between national economies and the global crypto economies, which means of course that they are subject to the regulations of the countries they operate in. Their role is critical in facilitating the transfer of wealth from the legacy financial system into the new financial rail that decentralized Blockchain networks are building.

According to Zaldívar, on the other hand “Decentralized Exchanges (DEXes) allow users to swap assets within a certain crypto economy in a non custodial way where users are in full control of their own assets. DEXes provide a transparent price discovery process and benefit from a global pool of liquidity and some have achieved volumes on par with the top centralized Exchanges like Binance.” Both systems, then, are critical building blocks for the emergence of the new Internet of Value that started with Bitcoin and for the last decade has been expanding to create the foundations for the financial system of the future.

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    1d ago
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    INSIDER

    42 famous people you didn't know were Tauruses

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    Yahoo News

    What Derek Chauvin is charged with in George Floyd's death

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    1d ago
  • 3h ago
  • c7c5fb291fa93eb49a3c42beeb631fe6
    TheGrio

    Darnella Frazier says she ‘cried so hard’ at Chauvin verdict

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    4h ago
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    Business Insider

    Ted Cruz says Biden's comments about the Derek Chauvin verdict are 'grounds for a mistrial'

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    5h ago
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    Lexington Herald-Leader

    Ted Nugent reacts after testing positive for COVID: ‘Never been so sick in my life’

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    Associated Press

    Sheriff: Woman purposely drove into teens playing basketball

    A white North Carolina woman was charged with driving her car into a yard where three Black teenagers were playing basketball, injuring one of them. A Pitt County Sheriff's Office news release said deputies responded Sunday afternoon to a report of a child intentionally hit by a car in Greenville. The news release said that Daina Renee Forrest, 35, of Greenville, had been driving around and threatening the three teens by waving a knife and cursing.

    1d ago

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