DeFi of Wall Street

It’s not breaking news to point out that there’s little awareness or understanding about what we believe is the most revolutionary development in finance — decentralized finance (DeFi) — among the Wall Street crowd.

According to Kenny Polcari, a Wall Street guy with 40 years of experience on the floor of the New York Stock Exchange (NYSE), it’s all “word salad” to him — there’s no real discernment between terms like “blockchain,” “cryptocurrency” and “DeFi.”

In this week’s Weiss Crypto Sunday Special, Chris Coney takes Kenny through the ABCs of DeFi … and along the way, learns that “decentralization” isn’t an entirely foreign concept to the traditional markets.

In this informative interview, Chris and Kenny discuss ...

•  The true meaning of decentralization and its application to other sectors.

•  The fundamental shift in power a decentralized system represents compared to a centralized system.

•  The small ways the traditional markets have adopted aspects of decentralization.

And more!

There are a lot of questions surrounding this newest development in the cryptocurrency ecosystem. As our founder, Martin D. Weiss, said last week, DeFi could very well be the foundation of financial systems in the future.

I recommend you watch Chris and Kenny’s interview to learn more.

Best,

Beth Canova,
Managing Editor

About the Contributor

Beth Canova is a veteran of the publishing industry, specializing in cryptocurrency-related information and guidance. As the Managing Editor of some of world’s most astute cryptocurrency experts — Juan Villaverde, Dr. Bruce Ng, Marija Matić and others — she's continually immersed, and well versed, on everything crypto.

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