Skip to content

DeFi Fans Are Courting Traders in $7.2 Trillion Currency Market

  • Researchers say decentralized finance would cut FX costs, risk
  • Hurdles to adoption remain high, with DeFi image tarnished

The cryptocurrency world has been suffering a crisis of confidence, but that’s not stopping proponents of decentralized finance from going after the $7.2 trillion global currency market.

Researchers behind one of the largest decentralized finance market places are courting traders of fiat currencies, arguing that moving them onto blockchain would cut the cost of global remittances by 80% and eliminate settlement risks.