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FOREX Decentralized: Vertex Raises $8.5MM


Decentralized Forex Is Coming to Terra:
Vertex Protocol Raises $8.5M
The protocol seeks to expand DeFi liquidity to non-U.S. dollar pegged stablecoins.

 

By Cameron Thompson Apr 26, 2022 at 9:00 a.m. EDT Updated Apr 26, 2022 at 9:58 a.m. EDT: 
https://www.coindesk.com/business/2022/04/26/decentralized-forex-is-coming-to-terra-vertex-protocol-raises-85m/   
 
Centralized FOREX exchanges carry many risks. Aside from extreme volatility, platforms experience low feasibility, inefficient ledger records, high cross-border exchange costs and carry-over fees.   
 
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Exacerbating this paradigm shift, users are demanding an end to the traditional institutional markets, opting, rather, for decentralized technologies. 
 
The cry for this economic reality has lead to an overwhelming groundswell for rapid adoption of these decentralized technologies spanning every major industry.
   
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Ari King
Ari King

Trading Cryptocurrencies since 2013


2022: Blockchain Technologies Skyrocket!
2022: Blockchain Technologies Skyrocket!

BlockChain SkyRockets, Trending: Old-School Politicians work to implement blockchain opportunities in IoT (Internet of Things), Cryptocurrencies, DeFi, NFTs, Dapps, DAOs, etc. Mark Carney, a former governor of the Bank of England, envisions a digital framework made up of a basket of currencies referred to as a “synthetic hegemonic currency".

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