With this capital injection, Racional will seek to double its team in the short term and reach 100,000 users in Chile, Brazil, and Colombia.
The development could have a significant effect on traditional finance's adoption of DeFi and blockchain technology.
At Fintech Nexus Merge, the panel discussion 'Creating On-Ramps and Off-Ramps Between DeFi and Traditional Finance' was a riveting discussion giving the audience a snapshot of how the convergence between DeFi and TradFi will happen
Trust in DeFi has suffered multiple knocks over the years. Trade surveillance could be the key to building it back up.
The world watched as seemingly invincible giants in the ecosystem crashed and burned — each one filing for bankruptcy and facing endless lawsuits that rage on.
DeFi and Cefi, while both playing in the same ball park, have critical differences essential to the development of digital finance.