“I believe one of the vital fascinating developments has been decentralized finance. That is actually had a boon over the previous 12 months, the place individuals are constructing tasks which are permissionless, the place you may lend and borrow funds. You may commerce. You may simply present as much as these sensible contracts and ship your collateral in and transact, you do not really want permission to do this.”
Bitcoin (CRYPTO:BTC) is often referred to as the “money of the future,” but that doesn’t necessarily mean that it’s going to be the only money used decades from now. In this Fool Live clip, recorded on March 18, Gemini cryptocurrency exchange co-founder Cameron Winklevoss explains to The Motley Fool’s Chief Growth Officer Anand Chokkavelu why he thinks cryptocurrencies and the traditional banking system could coexist.