The recent price action in the crypto industry has bewildered market traders and promoters. Experts have come to a conclusion on several points in the last week. They think DeFi (the centralized finance) and CeFi (centralized finance) can coexist. Users will have access to a combination of these financial services and products. These were the views of speakers during a panel discussion held by Cointelegraph last Wednesday. The topic of discussion was if it is possible for DeFi and CeFi to coexist.
Various Issues Related to This Subject Discussed by the Analysts
The panel discussed questions pertaining to the adoption of these systems, providing financial services to the unbanked, and if innovation means disrupting traditional financial systems. The main points raised in this discussion are related to greater transparency and education in the crypto space. Financial inclusion is possible if the onboarding process and regulations are made clear. Panelists discussed popular blockchains and DeFi protocols.
Increasing DeFi’s Reach
The analysts made the point that many people remain unable to access traditional banking and financial services. The projects that can make DeFi accessible to this group of people can be the winner. It will require lots of education and offering more innovative and easy-to-understand solutions. DeFi project promoters have to educate, onboard, and also make people aware of the risks.
The analysts held the view that the rules must be the same for everyone. It will make people confident of investing in a system where everyone has the same advantages and disadvantages. Investors should know how to secure their money invested in these projects.