Infinity One Network LLC launches decentralized banking (DeFi)

Decentralized banking, also known as decentralized finance (DeFi), eliminates the need for traditional banks and middlemen by enabling consumers to deal directly with one another using blockchain technology. While offering services like lending, borrowing, and trading, this system seeks to lower costs and speed up transactions.

Eric Caprarese of Infinity One Network LLC sees this as another tool to tap into the trillion dollar financial industry. “Along with the advantages that decentralized banking or decentralized finance does is that we compensate with a standalone affiliate platform! This allows people to get paid when they order their plastic or metal card and whenever people reload the card with cryptocurrency or fiat currency (what the majority of the world uses right now).”

“I see this as another tool,” says Nate Calima. “For some avenues decentralized finance offers more of an advantage, I would rather have more tools than be limited in the choices I have! DeFi enables “trust-less” banking through blockchain, eschewing conventional financial intermediaries like banks or brokers.”

“DeFi enables what people believe to be trusted intermediaries, like banks or brokerage firms, to be replaced by smart contracts on the blockchain for peer-to-peer transactions.” says Eric Caprarese. “Simply put, each user and computer confirms the transaction rather than a central figure.”

The regulatory environment has shifted because of the rapid implementation of digital technologies such as DeFi. New laws with the global superpowers embracing this technology reaffirm that cryptocurrencies and stablecoins are here to stay. It introduces a new kind of race between regulatory superpowers with different philosophies: America’s flexible, innovation-driven model and Europe’s structured, harmonized approach. China, Singapore, and the United Arab Emirates are already making significant progress. The outcome could be a period of short-term divergence, but eventually alignment in core areas. The end result could be a global DeFi ecosystem that is safer, more legitimate, and better understood by investors and regulators alike.

It will turn companies like Infinity One Network LLC into a global powerhouse as it positions itself in front of this ever expanding landscape.