Are the DeFi an alternative to services banking traditional to save and invest? This is what several referents of the crypto world believe in Latin America.
According to the perspective of Eduardo Erlo, Marketing manager of Status.im, you can see the amount of blockchains different growing day by day, each with its own pros and cons.
“We will probably have a multi-blockchain future, where the blockchains will communicate with each other and we can enjoy the benefits of all of them,” he said.
“The decentralized finance they are still something very new. Some people say that it is like the eighties for Crypto, where we still have a lot to evolve. But should we start learning and exploring it now! I recommend not risking all the money in this new world, but you definitely have to play, learn, invest. This is probably the future of finance and people who learn it now will have technical advantages when it goes mainstream, ”Erlo said.
According to Santiago Cristóbal, Community Builder of Defiant Wallet, for some citizens decentralized finance is an option that complements what the traditional financial system offers.
“Today the interest rate offered by banks is below inflation, both in Argentina and in the more developed countries. The returns you see on DeFi are much more attractive. On the other hand, DeFi has no restrictions, which allows anyone to have access to financial services, “he explained.
Then he added: “In countries like Argentina, which has a high percentage of informal economy, this is very important. But there are still many services that DeFi cannot offer ”.
Gabriela Genovese, Defi Technology Specialist Research & Innovation Enhancer at IOV Labs, stated in this scenario: “Decentralized finance is the alternative to protect people from fluctuations in local currencies and a great opportunity for them to participate in investments that until now were difficult to access ”.
“This is just beginning and the platforms of smart contracts they are working hard to scale to be able to provide services, process more transactions, lower costs and extend their capabilities for interoperability ”, he concluded.
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