One of the biggest unforeseeable events of the past twenty years has been the disintermediation effect of new tech. Netflix killed blockbuster, Amazon has slain Sears and other big box chains of the past, and services like Uber and Lyft are disrupting the traditional taxi services. Technology has been busy slaughtering the sacred cows of the 20th century but there’s one such idol that’s far older and in need of ritual slaughter, and that’s finance.
Now blockchain and its adherents have stepped up with grand promises of a much vaunted new way of operating. That’s decentralized finance or DeFi.
The presumption is that DeFi will provide a faster, cheaper, safer, and accessible alternative to the antiquated routes of traditional finance.
Is it?
Not really. At least not yet.
DeFi has a number of gaps in its infrastructure and the learning curve is astronomical. If this thing is going to take off, it needs to be made more accessible to the average person, and the tech needs to improve.
But it’s early. Like Netflix sending DVD’s through the mail early. This is Amazon in the late nineties early.
That’s what kind of potential decentralized finance has to bear.
If you don’t have the time or are otherwise not interested in scaling the steep learning curve, but still don’t want to miss out on the lucrative development and growth that DeFi offers, there are alternatives.
There are companies in the blockchain and cryptocurrency space that provide intermediary doorways that reduce your risk exposure while maximizing return potential, both today and later on down the line when everything’s coming up DeFi.
Let’s talk about Wellfield Technologies (WFLD.V), which offers two DeFi adjacent products, each taking advantage of the decentralized finance ecosystem but without any of the hidden costs in time, energy or money, required to get your toes wet.
Products
Wellfield’s two product options are Seamless and MoneyClip.
Seamless allows for financial services solutions with multiple verticals:
Liquidity shift between blockchains
Specifically they intend to create a specialized Ethereum token called an ERC-20 that will be compatible with Bitcoin’s blockchain, and therefore be able to transfer funds and liquidity between each.
Increase in use of liquidity through financial instruments.
Seamless enables financial instruments tasked with increasing liquidity and taking advantage of volatility among crypto assets. This is generally done through risk-reducing products like loans, investments, options, hedging, trade and other derivatives.
- MoneyClip is a peer-to-peer and social payments application offering a variety of features including:
- send and receive digital cash
- split bills
- buy and sell online or in-person
- withdraw balance at any time to a bank account
- zero account fees
These products are only as valuable as the core ecosystem they support, and right now, courtesy of the recent sleeping bears in the…
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