Cardano (ADA) Could Break Banks | Cardano Rumor Rundown #120

Cardano (ADA) is poised to be the only top five decentralized blockchain with smart contracts that isn’t breaking under the burden of ridiculous fees. As such, it’ll be a natural choice for financial transactions. The question at hand is whether the legacy financial system will choose to adopt a Wyoming style framework that will accomodate the dynamic and scarce nature of cryptocurrencies like Cardano or just let banks play in the ADA custody space with much weaker requirements as proposed for Basel III by the Bank for International Settlements. If it’s the latter, we may see Cardano actually break banks.

———————————————————-

Hardware Wallet–Ledger Nano►►
https://shop.ledger.com/pages/ledger-nano-x?r=22b91109f704

Army of Spies Shirts & Hoodies►►
https://army-of-spies.creator-spring.com/

Fresh Roasted Coffee from Africa, Central America, & Asia►►
http://bit.ly/AOSOfficialFreshRoastedCoffee

Disclosure: Some product links are affiliate links. I may receive a small commission for purchases made through these links.

———————————————————-

Timestamps►►
0:00 Intro
0:43 Caitlin Long
1:16 Wyoming SPDIs
1:55 The Fed Regulates Payments
5:11 Only Stablecoins Fit
6:15 It’s Cardano
8:45 The Lender of Last Resort
10:55 Won’t Work with Cardano
14:05 Ima Hodl like a Champ
14:09 Forced Liquidations
14:50 The Solution
18:20 The Real Question

———————————————————-

Companion Reddit thread ►►
https://www.reddit.com/r/cardano/comments/ojyb6w/cardano_rumor_rundown_july_14_2021/

———————————————————-

Complete list of previously covered items ►►
https://www.armyofspies.io

———————————————————-

TWITTER ►► https://twitter.com/ArmySpies
REDDIT ►► https://www.reddit.com/user/ArmyofSpies
WEBSITE ►► https://armyofspies.net

———————————————————-

#Cardano #ADA #cryptocurrency

Post Author: CoinCryptoNews