The financial industry hasn’t come unharmed out of 2021. Traditional banks start to sink, but fintech will be on the rise. Though these 2022 tendencies would increase financial business, they’ll require a lot of work, too.
But first, let’s take a quick glance at what the world will need from the finance sector in 2022. Based both on deep research and on my personal opinion.
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I think banks might actually be in for a major competition from fintechs that are offering the same services in a better advanced way, BlockBank for example offers basically the same thing as banks in a better advanced way with crypto features added to it.
Farcana Metaverse seems really cool and hot, but what would your players say? Please share ur thoughts
I think, at its core, Decentralized Finance (one being innovated by crypto fintechs) is all about composability. Having your deposited asset yearn yield while unlocking extra liquidity ignites a whole new level of leverage and efficiency.
Just imagine; if you can have your apartment loaned out while still having yields from it in the form of rent, that’ll really fast track your journey to financial freedom. And in DeFi – you won’t even have to find the renter – the protocol (where you loaned out your apartment) will!
Yup, this is possible. This is what we’re doing already in Hubble Protocol – check us out! 🙂