Blockchain
The usage of blockchain expertise in finance will have an effect much like that of YouTube on the media trade, stated Lee Jun-haeng, CEO of South Korea-based crypto monetary firm Streami.
See associated article: Fifth S.Korean crypto trade crosses regulatory end line
Quick information
- He was talking at Blockchain Week on Friday in Busan, South Korea, explaining that “within the outdated days, there was a broadcasting station, the mass media, the place producers solely pushed out contents that have been suited to the style of a much bigger viewers. “With YouTube, the contents grew to become very a lot diversified … now [every content] has customers on the opposite aspect of the world, and anybody can produce content material.”
- Lee stated that with blockchain, extra folks in several components of the world can subject monetary belongings with a couple of clicks or a couple of faucets on their cellular units, with out going by means of massive monetary establishments.
- He added that blockchain has introduced monetary liberty to customers in nations with few banks and restricted monetary providers that beforehand relied on mortgage sharks and pawnshops.
- Streami operates GOPAX, one among South Korea’s 5 licensed exchanges that present fiat-to-crypto providers.
- BWB2022, held in South Korea’s second-largest metropolis of Busan over Oct. 27-29, featured visitor audio system reminiscent of Changpeng Zhao of Binance and Justin Solar of Tron.
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