The world is moving fast and we all need a place to stay relevant on narrow topics. OpenCurrnts is a place where profiled professionals can network around their passions curated by peer-vetted experts on the topic called Creators. The engagement of the audience drives pooled redeemable points to the Creators, thus aligning incentives for them to provide the most valuable insights.
close
Refine Recommendations for your OpenCurrntTM
We recommend you content based on tags.
Finance close
Decentralized finance close
DeFi - Decentralized Finance close
cryptocurrency close
Blockchain close
Blockchain Technology close
Web 3.0 close
Payment Industry close
Payment Methods close
Suggested tags
Enter a list of web domains that you want recommendations to come from (optional)
keyboard_arrow_up
Collapse
OpenCurrntTM
DeFi Impacts on the Payments Industry
Share
- Share
- https://currnt.com/@?src=grefurlCopy link
- Share in Twitter
- Share in Facebook
- Share in LinkedIn
Summary
Exploring the details of how DeFi is impacting the payments industry. Professional analysts will post content for you to learn, share, get inspired, and collaborate with others at convenience.
Creators 2
View more
expand_more
Less
expand_less
Followed by Creators expand_more
Followed by Creators expand_less
Followed by Creators 0
No followers yet.
Audience expand_more
Audience expand_less
Audience 2
View more
expand_more
Less
expand_less
BETA
Show details
group
4Member(s)
×
HELP
keyboard_arrow_down
What is an OpenCurrnt™ and why is it different?
keyboard_arrow_down
What is a “Pitch an Idea”?
It’s a super-short 20 sec. video that allows you to share an idea, an opportunity, or simply introduce yourself to the audience. People can not comment on it, but they can send you a direct message via chat.
keyboard_arrow_down
Do I get Paid or Charged?
There is no cost to be on Currnt, but you can get paid. Creators gain redeemable points that are earned when followers engage with your content. Creator points pool and are distributed to the active Creators at the time points are earned. So, if you become a Creator, do your share to encourage learning and knowledge networking.
keyboard_arrow_down
How do I become a Creator?
Make a short 20-second video “Pitch” introducing yourself and what you are passionate about related to the topic. Select the option at the bottom of the pitch to be considered for a Creator.
keyboard_arrow_down
How do I invite others?
There is a share button in the upper left that can provide you a link or connect your social to share. Anyone you invite is linked to your profile such that you earn 10% bonus on whatever they earn…across Private Panels and OpenCurrnts™. Pretty cool huh?
keyboard_arrow_down
What is Currnt?
Currnt is a “Knowledge Networking” platform where companies and professionals come to stay relevant on the latest
advances in their industries in the face of the increasing pace of change. Professionals engages in Private Panels (sponsored by companies),
and in OpenCurrnts™ to engage with other thought leaders. On Currnt, professionals come to learn, and earn recognition, rewards and relationships.
See our Community Guidelines, to learn more of the rules of the road, here are some highlights:
Be yourself. The authenticity of Currnt begins with the passion of people.
Be respectful. This applies to every person, at all times.
Be inclusive. Tolerate, welcome, and consider diverse people and perspectives.
Build empathy and understanding. Engage in debates that are in good faith.
Foster meaningful and genuine connections. This is what Currnt is all about.
Cite other’s ideas.
Don’t game the points by trying to coordinate intentional recognition.
add
Nominate a Talk
13 Currntcy earned
Talk Started 3 days ago
Buying with cryptos? Then Ether & Doge may be better than Bitcoin
Bitcoin may be the most valuable cryptocurrency for now but consumers and businesses are leaning to other digital tokens for purchases, according to one of the world's biggest crypto payments processors. Read more here
By Currnt Analyst
Participate in this talk!
chat_bubble Commented 3 days ago
11 Currntcy earned
Talk Started 7 days ago
DeFi explained, why financial transactions in the economy are digital
By Paolo Beffagnotti
Participate in this talk!
Recent followers
14 Currntcy earned
Talk Started 20 days ago
Can Ethereum’s merge kickstart De-FI Summer 2022?
The last couple of years have seen explosive growth in cryptocurrencies. A lot of focus has been on the meteoric rise of Bitcoin. With its total market value surpassing the $1 trillion mark, legacy institutions have finally recognized its staying power in the new global economy and are now debating how to best handle it.
https://fortune.com/2022/04/09/can-ethereums-merge-kickstart-de-fi-summer-2022/
By Currnt Analyst
Participate in this talk!
Currnt Analyst
20 days ago
The knock-on effects of this ‘chain reaction' will reverberate throughout the Ethereum ecosystem:
-the rewards that used to go to miners will start to accrue to stakers
-the supply of Ether tokens is expected to decline as mining ceases, and that scarcity could appreciate their value.
-many institutional investors who have kept clear of carbon-intensive cryptos are expected to take a shine to the eco-friendly ETH 2.0
-the rewards that used to go to miners will start to accrue to stakers
-the supply of Ether tokens is expected to decline as mining ceases, and that scarcity could appreciate their value.
-many institutional investors who have kept clear of carbon-intensive cryptos are expected to take a shine to the eco-friendly ETH 2.0
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
0
Valid Thought
-
0
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
View all 1 comments
View less comments
chat_bubble Commented 20 days ago
17 Currntcy earned
Talk Started 9 days ago
The opportunities of DeFi for the financial sector explained
https://thepaypers.com/expert-opinion/the-opportunities-of-defi-for-the-financial-sector-explained--1253966 An interesting article about it.
By Paolo Beffagnotti
Currnt Analyst
7 days ago
The article explains the simplified payments ecosystem in a DeFi world and gives examples of DeFi in practice:
1. Countrywide payment system + remittance:
In 2021 Salvador became the 1st country that made Bitcoin legal tender. Government launched a Bitcoin and Lightning-based payment network for inbound remittance and POS payments, and service providers and banks developed open-source wallet apps. Advantages: cheaper remittance and financial inclusion of all income level people.
2. Merchant acceptance:
Bitpay became one of the 1st crypto payment acceptance services for merchants. Regal Group (US cinema operator) announced the acceptance of digital tokens through Layer 2* Flexa network for buying tickets and snacks.
3. B2B payments:
Through multiple regulated exchanges, innovative treasurers can use, hold and transfer stable coin values more quickly and cheaply, with no negative interest rates. In 2020 MicroStrategy company converted all its excess cash into Bitcoin, followed by Tesla and Square.
1. Countrywide payment system + remittance:
In 2021 Salvador became the 1st country that made Bitcoin legal tender. Government launched a Bitcoin and Lightning-based payment network for inbound remittance and POS payments, and service providers and banks developed open-source wallet apps. Advantages: cheaper remittance and financial inclusion of all income level people.
2. Merchant acceptance:
Bitpay became one of the 1st crypto payment acceptance services for merchants. Regal Group (US cinema operator) announced the acceptance of digital tokens through Layer 2* Flexa network for buying tickets and snacks.
3. B2B payments:
Through multiple regulated exchanges, innovative treasurers can use, hold and transfer stable coin values more quickly and cheaply, with no negative interest rates. In 2020 MicroStrategy company converted all its excess cash into Bitcoin, followed by Tesla and Square.
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
0
Valid Thought
-
0
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
View all 1 comments
View less comments
chat_bubble Commented 7 days ago
23 Currntcy earned
Talk Started 11 days ago
Crypto Mortgages: How You Can Buy a House Using a Crypto-Backed Loan
Digital asset-backed mortgages let house buyers use their crypto holdings as collateral.
Read more here
By Currnt Analyst
Jatindranath Das
2 days ago
The crypto mortgage is just another example of a concept that quickly turns real.
Cryptocurrency doesn't have enough stability or the confidence of the broader investor community.
Cryptocurrency doesn't have enough stability or the confidence of the broader investor community.
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
0
Valid Thought
-
0
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
Jatindranath Das
2 days ago
Crypto has also attracted attention from government officials who have expressed concern about the lack of regulatory oversight and surveillance which can come with fraud and other problems.
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
0
Valid Thought
-
0
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
Currnt Analyst
11 days ago
The 2nd-largest mortgage lender in the U.S. announced a plan to start accepting bitcoin payments, but backed off. However few lenders offer crypto-backed loans.
Crypto mortgages work like old-fashioned mortgages, but the collateral are digital asset holdings.
1. Lender checks your crypto holdings to decides the terms - ammount and annual interest rate;
2. You pledge your crypto holdings to the lender as collateral of the loan (usually equal to 100% of the loan).
3. When you close the loan and buy the real estate, you start paying monthly installments (cryptocurrencies or fiat).
Crypto mortgages is a new but growing market. Currently there are 30-year loans of up to $20 mln with rates ranging from 3.95% to 7.5%.
Crypto mortgages work like old-fashioned mortgages, but the collateral are digital asset holdings.
1. Lender checks your crypto holdings to decides the terms - ammount and annual interest rate;
2. You pledge your crypto holdings to the lender as collateral of the loan (usually equal to 100% of the loan).
3. When you close the loan and buy the real estate, you start paying monthly installments (cryptocurrencies or fiat).
Crypto mortgages is a new but growing market. Currently there are 30-year loans of up to $20 mln with rates ranging from 3.95% to 7.5%.
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
0
Valid Thought
-
0
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
View all 3 comments
View less comments
chat_bubble Commented 2 days ago
7 Currntcy earned
Talk Started 19 days ago
How ERC-4626 Could Fuel the Next Wave of DeFi
Are you familiar with token standard ERC-4626?! Check out this article and find out how it could fuel a new wave of DeFi. https://decrypt.co/99695/how-erc-4626-could-fuel-next-wave-of-defi
By Brandon Lee
Participate in this talk!
24 Currntcy earned
Talk Started 2 months ago
Want to be paid in crypto? Here are the rewards — and the risks
By Currnt Analyst
Paolo Beffagnotti
9 days ago
I would not like to be paid in crypto. In case I decide to invest in these, I would like to choose which one
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
0
Valid Thought
-
0
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
Vanessa Jones
1 month ago
I totally agree. The banking system has got away with whatever they like for so many years it is time that stopped. Crypto provides an opportunity for the average person to have real contoll.
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
0
Valid Thought
-
1
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
Ian Jones
1 month ago
As a Baby Boomer I would prefer to be paid in crypto. Why?
Why would I want to trust the banking system and the government? The banks have a history of corruption and miss management, the government does little to fix the problem other than providing bailouts funded by taxpayers and then allowing the incompetent bankers to pay themselves massive bonuses. Add to this the massive printing of money which is now manifesting itself as inflation which is eroding any savings people have. Yes, I'd much rather have control of my own funds in the form of crypto.
Why would I want to trust the banking system and the government? The banks have a history of corruption and miss management, the government does little to fix the problem other than providing bailouts funded by taxpayers and then allowing the incompetent bankers to pay themselves massive bonuses. Add to this the massive printing of money which is now manifesting itself as inflation which is eroding any savings people have. Yes, I'd much rather have control of my own funds in the form of crypto.
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
0
Valid Thought
-
2
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
Currnt Analyst
2 months ago
Summary:-
According to a global poll by financial consultancy deVere Group, cryptocurrencies could become more commonplace in salary negotiations with younger workers.
More than a third of millennials (those aged between 26 and 42) and half of Generation Z (25 and below) would be happy to receive half their salary in bitcoin or other forms of cryptocurrencies, revealed the study.
Getting paid in digital currency is no doubt “trendy,” said Tony Jarvis, director of enterprise security in Asia-Pacific and Japan at cybersecurity start-up Darktrace.
According to a global poll by financial consultancy deVere Group, cryptocurrencies could become more commonplace in salary negotiations with younger workers.
More than a third of millennials (those aged between 26 and 42) and half of Generation Z (25 and below) would be happy to receive half their salary in bitcoin or other forms of cryptocurrencies, revealed the study.
Getting paid in digital currency is no doubt “trendy,” said Tony Jarvis, director of enterprise security in Asia-Pacific and Japan at cybersecurity start-up Darktrace.
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
0
Valid Thought
-
0
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
View all 4 comments
View less comments
chat_bubble Commented 9 days ago
22 Currntcy earned
Talk Started 1 month ago
Why DeFi is the biggest thing in the history of finance .
By Currnt Analyst
Arjun Yadav
16 days ago
The role of Automated Market Makers is going to play a key role here. New projects are finding ways to bridge the gap between fiat and DeFi and if they are successful, they can truly disrupt financial services entirely.
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
0
Valid Thought
-
0
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
Ian Jones
1 month ago
IMO DeFi is the future. The banking industry has a history of corruption and incompetence. Historically it gets bailed out by the government (Taxpayers) on a regular basis and as a reward for their incompetence, the senior executives are given massive bonuses. The sooner the crypto industry disrupts the legacy finance industry the better.
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
0
Valid Thought
-
1
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
Paolo Beffagnotti
1 month ago
Agree, DeFi is a massive opportunity but it’s still at the beginning of the journey having both challenges and opportunities what are now t fully explored so far
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
0
Valid Thought
-
0
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
Currnt Analyst
1 month ago
Summary:-
In centralised finance, being a market maker requires large capital and, thus, is concentrated in the hands of few large institutions. DeFi is building a level playing field for anyone with low capital to become a liquidity provider to a trading pool and earn yield with an automated market maker protocol like Uniswap.
We are still in the nascent stage of DeFi, which is constantly evolving. There is innovation happening at every layer from core blockchain protocols, decentralised applications to front-end UI
DeFi is a massive opportunity to disrupt any financial contracts from derivatives ($1 quadrillion), the stock market ($90 trillion) to insurance ($6 trillion). And this is just the beginning.
In centralised finance, being a market maker requires large capital and, thus, is concentrated in the hands of few large institutions. DeFi is building a level playing field for anyone with low capital to become a liquidity provider to a trading pool and earn yield with an automated market maker protocol like Uniswap.
We are still in the nascent stage of DeFi, which is constantly evolving. There is innovation happening at every layer from core blockchain protocols, decentralised applications to front-end UI
DeFi is a massive opportunity to disrupt any financial contracts from derivatives ($1 quadrillion), the stock market ($90 trillion) to insurance ($6 trillion). And this is just the beginning.
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
1
Valid Thought
-
1
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
View all 4 comments
View less comments
chat_bubble Commented 16 days ago
11 Currntcy earned
Talk Started 23 days ago
Over $1.6 billion exploited from DeFi so far in 2022
Although DeFi is exciting, it is important to acknowledge the risks involved and the challenges it faces today. Check out this article that explains how over $1.6 billion has already been stolen this year alone. https://cointelegraph.com/news/more-than-1-6-billion-exploited-from-defi-so-far-in-2022
By Brandon Lee
Participate in this talk!
11 Currntcy earned
Talk Started 23 days ago
Jane Street Uses Decentralized Finance to Borrow Crypto
Here is an article that presents a great example of the power and growth of DeFi! https://www.bloomberg.com/news/articles/2022-05-03/jane-street-steps-into-decentralized-finance-with-crypto-loans
By Brandon Lee
Participate in this talk!
12 Currntcy earned
Talk Started 23 days ago
What is DeFi?
New to DeFi or want a refresher before you move forward? Here is a great video that explains the basics of Decentralized Finance! https://www.youtube.com/watch?v=17QRFlml4pA
By Brandon Lee
Participate in this talk!
9 Currntcy earned
Talk Started 1 month ago
The Future of DeFi Beyond Crypto
By Currnt Analyst
Participate in this talk!
Currnt Analyst
1 month ago
Summary:-
DeFi applications, built primarily on the public Ethereum blockchain, are surging, notes Gartner in a recent report: “DeFi applications are primarily the domain of cryptocurrency speculators hungry for triple-digit yields … but DeFi has the potential to transform financial services and move into the mainstream."
That potential is happening right now. DeFi has gone from a $1 billion industry in 2019 to over $100 billion today. Beyond crypto traders, legacy financial institutions understand the need to get in front of this technology.
DeFi applications, built primarily on the public Ethereum blockchain, are surging, notes Gartner in a recent report: “DeFi applications are primarily the domain of cryptocurrency speculators hungry for triple-digit yields … but DeFi has the potential to transform financial services and move into the mainstream."
That potential is happening right now. DeFi has gone from a $1 billion industry in 2019 to over $100 billion today. Beyond crypto traders, legacy financial institutions understand the need to get in front of this technology.
-
0
Unhelpful
-
0
Not Relevant
-
0
No Sure
-
0
Valid Thought
-
0
Great Point
thumb_up
thumb_down
-
Unhelpful
-
Not Relevant
-
No Sure
-
Valid Thought
-
Great Point
View all 1 comments
View less comments
chat_bubble Commented 1 month ago
close
Make your own Post
Description
Tell everyone what your Post is about
Banner Image
close
Edit your Comment
close
Edit your post
close
OpenCurrnts TM
OpenCurrnt TM Title:
OpenCurrnt TM Summary:
Twitter:
Facebook:
Linkedin:
Instagram:
Clubhouse Room URL:
close
Create a Poll
close
Pitch an Idea
In 20 seconds, make an introduction, an ask, a pitch, a question, or invite others to collaborate with you on a related topic. Your post will be reviewed by the Creators and added to the Currnt.
Add Title:
Record:
Add 2+ tags
Suggested tags
Raise your hand to be a Creator
Becoming a Creator will allow you to lead thought on this topic and earn pooled redeemable points with the other Creators.
All posts are sent to Creators for their review. You will be notified once your post is made visible for the group.
close
arrow_back Add tags to your Talk
Tags help us put your talk in the eyes of people that could be potentially interested in participating
Add at least 3 tags
Your tags
close
Nominate a Talk
Offer an idea, surface some content, or ask a question that you want the Creators to consider.
Raise your hand to be a Creator
Becoming a Creator will allow you to lead thought on this topic and earn pooled redeemable points with the other Creators.
close
Comments
Keep the conversation going
close
- The use of Bitcoin dropped to 65% in 2021 from 92% in 2020;
- Major purchase tokens are:
1. Altcoins: Ether only accounted for 15%
2. Stablecoins (their price is pegged to fiat money, like USD) - 13%;
3. Memecoins (originated from Internet memes): Dogecoin, Shiba Inu and Litecoin - 3% in total.
Why altcoins are on the rise:
1. Volatility on crypto markets: Bitcoin rose 60% last year and investors hold onto it, while using stablecoins for trading.
2. Memecoins promotion: Elon Musk touted Dogecoin due to environmental reasons and allowed it as a payment method for company’s merchandise.
What purchases are made with tokens: luxury goods, i.e. watches, cars, boats, jewellery, gold.