The Breakdown

Are Banks Getting Nervous About Competition From DeFi?

05.06.2021 - By Nathaniel WhittemorePlay

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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.

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