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The Breakdown With NLW Episode

Are Banks Getting Nervous About Competition From DeFi?

A new research paper from ING suggests that, at the very least, they’re paying more attention.
The Breakdown With NLW Episode
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A new research paper from ING suggests that, at the very least, they’re paying more attention.

This episode is sponsored by Nexo.io, NEAR.org and Genesis Trading.

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Today on the Brief:

  • MercadoLibre has added bitcoin to its balance sheet
  • Galaxy Digital buys BitGo
  • Debates around the new, improved, real economy

Our main discussion:

While the last year has seen a massive amount of growth in decentralized finance, it has been mostly driven by enfranchised insiders and builders. In this bull market, that is starting to change. In today’s episode, NLW looks at a recent paper by the $1.1 trillion bank ING around where DeFi fits in the context of traditional finance.

See also: DeFi More Disruptive to Banks Than Bitcoin, Says ING

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Are Banks Getting Nervous About Competition From DeFi?