Decentralized Finance or Defi is the success story of 2020 for cryptocurrency space as the nascent decentralized system working on top of Ethereum network managed to grow from just under $1 billion at the start of the year to over $17 billion by now.
DEX platforms and Defi tokens are among the most successful ones this year and the market is expected to grow only further as ETH 2.0 comes into the pictuture. Defi is increasingly finding place in traditional banking and financial system and the next big adoption wave could come from the banking sector.
Cryptoenter, a blockchain based digital banking infrasturtre provider that incorporates defi marketplace is making all the right noises at the moment and looks set to help Defi expand its reach beyond Ethereum network.
Cryptoenter: An All-in-One Defi Blockchain Solution For Digital Banking
The world of finance is changing rapidly with the influx of institutions in the crypto space over the past couple of years. In order to meet the growing demand, the need for startups such as Cryptoenter only increases as it offers enterprise grade decentralized infrastructure, helping traditional sector integrate the upcoming tech of blockchain.
Cryptoenter is currently in the Beta mode, but still operational and boasts of over 15,000 registered customers across the world. The startup promises to offer its services to businesses, retail investors, financial regulators, as well as different financial service providers for processing digital and decentralized transactions.
The defi startup aims to become the decentralized alternative for SWIFT and SEPA for B2B transactions and want to replicate the success of PayPal on the retail side. Some of the key infrastructure that the startup offers include,
- Direct interaction between users both within the same bank and between different banks
- Interbank liquidity pool
- Peer-to-peer (P2P) lending in both crypto and fiat
- Cheap and instant cross-border transfers where the remittance fees are supposedly below $1
- Ability to issue new cryptocurrencies and stablecoins
- Wallet for both crypto and fiat
- Fiat-crypto and crypto-fiat gateways
- Real-time exchange of value
- Social network for investors on the blockchain
- NFT release
- Crowdfunding platform
- Virtual digital bank
- Marketplace for the sale of assets around the world
The defi startup Cryptoenter already boasts of an impressive partner lists that include IBM Silver Partner under the IBM Startup Program and even received a grant of $120,000 to implement their project. The defi project is also a General Member of Hyperledger as the project is built on top of it. The project would first integrate its new infrastructure for IBM’s marketplace
The Project Has Every Potential To Be The Next Big Thing in Defi
Cryptoenter is among the selected few upcoming decentralized project with ready to implement product and services and looking at the list of services and early partners, Cryptoenter has every potential to become the next big thing in decentralized space, thus making it a lucrative investment option.
Cryptoenter’s Market Expansion Offering is currently underway, and soon will be launched on 1inch Exchange. Market expansion offering is increasingly becoming a more reliable means of attracting investors. This form of investments have certain advantages over other means as it ensures roduct readiness, regular and comprehensive community reporting, and so forth.